Nothing to do with jellyfish or U-boats.

Italian tax police’s seized a 63m-yacht owned by tycoon Flavio Briatore, reports the FT. Rome is having a crackdown on suspected tax dodgers which has given other owners of super-yachts the jitters. Not that they are all tax dodgers of course but big boats and Cayman flags might attract unwanted attention.

Which may mean Italy is removed as a waypoint on the old GPS this summer, after legal advisers told worldwide clients, 90% of whom have their yachts under a Cayman Islands flag, to take care before venturing into Italian waters.