Nationalizing the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a “market solution” if ArcelorMittal pulls out of a contract to take over the site, Italy’s Deputy Economy Minister Antonio Misiani said on Tuesday. Source Reuters
Eskom has confirmed that it will implement stage 4 load shedding from 14:00 on Friday, despite already using diesel-powered open cycle gas turbines and pumped storage schemes to supplement capacity. Source Fin24
Household spending dropped 5.1 percent in October from a year earlier, government data showed Friday, down for the first time in 11 months and the biggest year-on-year fall since March 2016 — when spending fell 5.3 percent. Source Japan Times
After protracted discussions, the oil-producing nations have agreed to cut 500,000 barrels a day. However, it is uncertain whether this will significantly raise prices, as non-member countries continue to pump oil. Source Deutsche Welle
