this is business briefing. i'm sally bundock. what's next for europe's fourth largest economy after elections in italy lead to a hung parliament. the road to detroit — an indian carmaker makes builds a massive assembly plant right in the heart of america's car capital. and on the markets it's a mixed start to a new trading week in asia as investors digest the result in italy and the impact of us tariffs on the global economy. let's get started and talk you through the results in italy. italy appears to be heading for a hung parliament,

with exit polls suggesting that no group has won a majority in the country's general election. but as ever, one of the most pressing issues is the financial state of europe's fourth largest economy. since the global financial crisis hit a decade ago, it has struggled to keep up with the rest of the eurozone and suffered two big recessions. but things picked up last year with growth of i.6%. one of the biggest election concerns for young voters has been unemployment. it unexpectedly rose last week to 11.1% as more people started looking for work. that's well above the eurozone average and amounts to nearly 3 million people. more jobs would cut that but also bring in more taxes to cut a national debt that is more than 130 percent of the entire economy — some of the money has been spent on bailing out troubled banks. with me is antonio guarino, professor of economics at ucl. thank you for coming in. thank you.

the result is not a surprise but, of course, it means more questions than a nswe i’s course, it means more questions than answers and that is not good for the italian economy? that is of right. more questions than answers. it will be difficult to form a government and italians are protesting a plot and italians are protesting a plot and if you sum up the votes of five star movement and the league you get almost two of the electorate which isa almost two of the electorate which is a big number. who would have voted for five star movement, the young ones are struggling to find work? there is a clear geographical division stop all southern italy is

essentially voting for five star movement and that is not a surprise because we have an unemployment rate of ii% but in southern italy that is much higher. the unemployment rate among young people can reach levels of 16% among young people can reach levels of16% in among young people can reach levels of 16% in some regions of southern italy so it is not surprising they are protesting. a new government that will be formed, eventually, it may take many weeks of negotiations, those young people who are out of work, there is no quick fix all make easy answer? certainly not. in the electoral campaign what has happened all political parties have promised less austerity and taxes, but it is not clear how they are going to do this. neither is it clear that this is the right solution. the problem

of italy is for many, many years — more than 20 years — we have had low growth rate and so italian is, before the financial crisis, fed them that is the main problem. —— for them. is this enough of an upset in terms of the political establishment to make them realise that actually there needs to be significant change in order for the electorate to be satisfied? well, they have been planning for many yea rs, they have been planning for many years, 20 years, and they have not solved the problem is that italy had. we will see how they react to this. thank you for coming in and a lot of analysis on our website and dick deeper if you wish to. let's

move on to beijing. china's national people's congress has kicked off in beijing. leaders began by setting 2018 gdp growth at 6 and a half percent, the same as last year and increase military spending by more than 8 percent. let's go to beijing now where stephen mcdonell is following the story. a lot of in terms of the second biggest economy about how much it is going to grow. it is very important. absolutely. the way it starts is the premier makes a speech. it is essentially a big report on how the government is going and in this he has a various targets. 6.5% is the gdp target, the same as last year. the interesting thing is that is despite the fact that last year china's economy came in according to

official statistics above that at this .9%. all indicating that the government wants to further will down the economy to guarantee this longer term, my growth you can rely on rather than the sporadic growth that they have that in the past. it is true that the chinese government has deep pockets but it has two find more money for an 8% increase in defence spending and down 3% in energy consumption per unit of gdp and that is about meeting greenhouse targets. they are indicating less energy must be used. we will have to leave it there but thank you very

much. we will have more later on. detroit, in the american midwest, has long been the capital of the us auto industry. but after the financial crisis, some of the biggest car companies headquartered there filed for bankruptcy. industry in the area went on a downward spiral, and has onlyjust begun to recover. this revival is being aided by an indian automaker, which has set up a factory there and rolled out its first set of cars last week. yogita limaye reports from detroit. the first new car factory to be openedin the first new car factory to be opened in the area in 25 years. built as the perch there are of the resurgent of detroit, it belongs to an indian company that has its eyes set on the us market. an indian company that has its eyes set on the us marketlj an indian company that has its eyes set on the us market. i want to be pa rt set on the us market. i want to be part of the next generation of auto development... the boss tells the way the area was an obvious choice

for them. if you're going to put an engineering centre outside of your country, probably the best place to do that is detroit. the entire industry, the only adversities, they all have auto centre programmes and so it is kind of a one stop shop. lawmakers and politicians attended the launch. all keen to show that detroit's worst is the hind them. this massive abandoned carfactory has long been a symbol of the downfall of detroit's auto industry. the city itself is still a long way off the boom times it once experienced. still, many who have seen experienced. still, many who have seen the twists and turns of detroit are heaving a sign of relief. the decades of this plant has made car

seats. 0nce some companies went bankrupt after the financial crisis, this factory almost did not make it. eikenberry ——i can clearly recall discussions whether we could keep the factory open. it was such severe conditions we will may not have had been able to keep operations of running. competition is stiff from other parts of the us but nowhere is that the success of the auto industry more important than in this town. here almost everyone has a personal connection to it. now let's brief you some other business stories: china says it does not want a trade war with the us will not sit idly

by. this follows president trump announcing possible tariffs. india's federal police have made four more arrests involving state lender punjab national bank widening the investigation of the biggest banking fraud in the country's history. more than a dozen people have been arrested by india's central bureau of investigations since the fraud at pnb came to light injanuary. let's look at markets one more time. we have seen significant loss for japan and for hong kong. all you can see here are commodities but earlier we could see those figures. following falls on wall street the night before. we will be back with

the news briefing in a moment. first... britain's top 0lympian sir bradley wiggins & team sky have been accused of "crossing an ethical line" in a report by mps, who say they used medication to enhance performance. bradley wiggins & team sky have strongly refuted the claims. adam wild reports. fray are some of the biggest names in british sports but this long—awaited report represents perhaps the grave blow yet to their reputations. most significantly that of sir bradley wiggins, the nation ‘s most decorated 0lympian. the authors point to the use of certain

drugs by him and his former team, tea m drugs by him and his former team, team sky, the purpose of which they say was not always to treat medical need improve performance. that is something both sir bradley wiggins and the team refute. the report says they crossed the ethical line. the head of the team must take responsibility. but this report goes much further than cycling. they said the heading of sebastian kurz‘s reports was not genuine. the report also says of shock at the injection ofa drug also says of shock at the injection of a drug given to sir mo farah before the london marathon in 2014. while it is not a banned substance there are strict conditions. the

cycling, already suffering from a series of lows, today's report will be most damaging. plenty more to come in breakfast. dan walker and louise minchin will have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines: no out—right winner in italy's general election, but the anti—establishment five star movement says it holds the balance of power. new research shows that australia could become the first country in the world to eradicate cervical cancer. and it's been a golden night for the silver screen. the shape of water is named best film at this year's 0scars. it is time to look at the stories

that are making the headlines in media across the world. we begin with the italian press and il foglio, a centre—right daily newspaper in italy. they say the democratic party collapses and the five star movement flies. the newspaper claims the centre will now try and make a majority, but it may now take weeks of negotiation and coalition—building to form a government. well, that is what they had been experiencing in germany. the financial times is leading on another european leadership contest. angela merkel is "breathing a sigh of relief", after members of the social democratic party voted to join a coalition with her. this ends five months of political stalemate in the country. 0nto other stories. the times newspaper, in the uk,

is reporting that british prime minister theresa may protested to president trump over his plans for tariffs on steel and aluminium imports. they report mrs may relayed herfears to him by telephone yesterday afternoon. the guardian has the news that british cyclist bradley wiggins and his riding mates in team sky took performance—enhancing drugs to win the tour de france in 2012. that is the conclusion by a group of politicians here in the uk. the drugs were allegedly used under the guise of treating a legitimate medical condition. detail in the guardian, of course, bradley wiggins and team sky denied all the allegations. in the us, of course, and a lot of the media