1. Public finance

    Court of Auditors: the spending review is not slowing spending

    by Roberto Turno

    In the general report on the Italian State’s accounts, the Court of Auditors painted a picture of a 2016 with still too many patches to sew up in the management of public finances. Extra-budgetary debt of ministries rises from €930 million in 2012 to more than €2 billion amid “devastating” corruption in the public sector

  2. Yoox Net-a-Porter opens its “temple of innovation” in London, aims to double business by 2020
    Business & Economy

    Yoox Net-a-Porter opens its “temple of innovation” in London, aims to double business by 2020

    by Nicol Degli Innocenti

    The Italian luxury e-commerce leader has decided to locate its Tech Hub in the UK’s capital, in spite of Brexit. In the next two years it will hire 200 highly qualified people to invent new apps, expecting the majority of sales to be made via mobile by 2020. “It will be our space shuttle, it will transport the company into the future,” CEO Federico Marchetti explained

  3. Illycaffè toasts to French champagne Taittinger
    Business & Economy

    Illycaffè toasts to French champagne Taittinger

    by Emanuele Scarci

    Italian coffee group Illy has linked up with French champagne maker Taittinger, becoming its new distributor in Italy. This is a prestigious business to add to the Trieste group’s network. “We are highly satisfied with the deal,” Riccardo Illy said. The Italian company closed a satisfactory 2016, with revenue reaching €505 million, a +5.2% increase

  4. Bank of Italy forecasts state could  bring in €9.9 billion over time  from  Veneto banks
    Business & Economy

    Bank of Italy forecasts state could bring in €9.9 billion over time from Veneto banks

    by Gianni Trovati

    In the best scenario, the Italian state could emerge from the liquidation of the Veneto banks with up to €1 billion more than the amount it commits, according to Bank of Italy analysis. Prime Minister Paolo Gentiloni insisted: “The intervention of the government was not just legitimate but also appropriate”

  5. Local elections, the center-right picked up the winning ticket
    Politics

    Local elections, the center-right picked up the winning ticket

    by Roberto D’Alimonte

    IT
    24 Analysis

    Unity paid off for Silvio Berlusconi’s Forza Italia and his allies, who won the day on Sunday, specially in the largest municipalities and triumphed in some “red” trophy cities like Genoa and Pistoia. The PD struggled to mobilize its supporters in the second round, weighed down by the defeat at the constitutional referendum, the split within the party and disaffection toward the government