The spring and summer 1942 were quite peaceful. German annexed Norway and Japan finished off Mongolia. At some point here I changed ministers and my IC increased from ~700 to 1100. Most of IC was spent on research, since Italian Army was large enough for now. What it lacked, though, was a decent armour.
On April 7th, the Italians invaded Perth. Somehow the transports managed to sneak past the Royal Navy. Glasgow was captured without a fight two days later. The British Isles were pretty much unguarded. A single division was sent to secure Scotland. Rest of the forces, some 5 divisions were ordered to move southwards. They met little resistance along the way. Italian units were better equipped than their British adversaries. Reinforcements were sent in mid April. London fell on May 6th. All in all, it was an easy operation. After the British forces were beaten at London, the Italians just chased them until the couldn't escape anymore.
#23 Nepal
The long march was finally over on June 23. With the help of the airforce, the Nepalese were beaten a day later.
#24 United Kingdom
Kuching was captured on July 3rd. As the Japanese had taken Singapore only VP province left was Rangoon which was defended by New Zealanders. After more and more troops were transported there, the Allied forces surrender and UK was annexed on August 4th.
#25 Siam
Right after UK had surrendered, Italy declared war upon Siam. The Siamese were no match for the Italian Army. Siam surrendered on September 8th.
#26 the Netherlands
With the help of the Japanese, Italy annexed the Netherlands on September 27th.
Italy discovered a lot of new technologies during the summer/autumn 1942, including many important doctrines. The ******* ******* programme, begun in late 1941, was carried on at full speed. It's purpose was to give Italians edge over the Germans, the Russians and the Americans.
#28 Australia
Annexing Australia took a long a time, as usual (I never bother to ferry enough troops there...) It was only a matter of time. They didn't have a chance, they were underequipped and outnumbered. Australia was annexed to Italy on January 24th, 1943.
#29 New Zealand
New Zealand was annexed on February 12th, with some parts of the North Island left in Japanese hands.
#30 Afghanistan
Italian forces were positioned to strike the provinces of Kabul and Herat as soon as the war began. War was declared on March 11th and 15 days later, Afghanistan surrendered.