Italian business pushes Renzi for action

(Reuters) - The annual meeting of Italy's business elite on the shores of Lake Como was - again - dominated by calls for reforms and gloomy discussion of an economic crisis now well into its sixth year.

Italy's economy to shrink at least 2.4% this year

ROME: Italy's economy will contract by 2.4 percent or more this year, the head of the employers federation Giorgio Squinzi said on Thursday, doubling the official government forecast of a 1.2 percent shrinkage.