1. Public finance

    Government and Brussels in tug of war over “extra” spending in 2017 budget

    by Davide Colombo, Gianni Trovati and Marco Rogari

    Prime Minister Matteo Renzi’s government will approve the outlines of next year’s budget today, forecasting GDP growth for 2017 at 1-1.1% and deficit at 2-2.1%. Brussels should agree to the deficit, but is balking on €6-7 bn in “extra-Pact” spending for migrants and earthquake reconstruction. The constitutional referendum will be held on Dec 4

  2. China’s  ZTE wants to grow revenue to €500 mn in five years
    Business & Economy

    China’s ZTE wants to grow revenue to €500 mn in five years

    by Andrea Biondi

    By focusing on the Internet of Things, mobile and fixed-line telecommunications infrastructure and growth in the market share for smartphones the Chinese telecoms group is predicting it will double its sales in 2016 from €30 million in 2015, and will reach €500 million in five years