According to the Confesercenti data, the economic crisis has hit mostly small and medium-sized businesses. The alarm: “122 shops close every day Source Today
PetroChina supplied 14 percent more natural gas to its customers last month, parent CNPC said, in response to growing demand. Over the first four months of the year, PetroChina increased gas production at key domestic fields by 2 percent on the year to 30.5 billion cubic meters, but imports grew much more substantially, by 29 percent. Source: Oil Price
The U.S. and China have agreed on the broad outline of a deal that would save imperiled Chinese telecom giant ZTE Corp., according to people with knowledge of the matter in both countries, as the two sides move closer to resolving their trade dispute. Source: The Wall Street Journal
Leaders of 5 Star and League choose an academic, Giuseppe Conte, to head the government, allowing them to lead from behind the scenes. Italy’s two antiestablishment parties nominated a political novice to become the next prime minister, a choice that would allow the parties’ leaders to operate as the powers behind the throne. Source: The Wall Street Journal
