Italy is embroiled in political turmoil yet again after former prime minister Matteo Renzi pulls the plug on the Conte government. Renzi removed his party’s ministers from the coalition after a row about EU funding distribution following the pandemic. In the U.S., President Trump becomes the first ever American leader to be impeached twice. Ten GOP members joined Democrats in the House of Representatives to vote for the motion. Chinese December exports rise by more than 18 per cent on the same period last year. In another U-turn, the U.S. Treasury reportedly blocks plans to blacklist some of the biggest Chinese tech firms from markets Stateside. And in France, finance minister Bruno Le Maire has told Canadian retailer Couche-Tard to back off its proposed €16.2bn tie-up of supermarket giant Carrefour, citing concerns over national food sovereignty.    

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