Italy drilling referendum fails to draw necessary quorum: initial data

ROME (Reuters) - A referendum aimed at curbing Italy's offshore oil and gas industry was sunk on Sunday when it failed to secure the necessary quorum, with a majority of voters shunning the ballot, initial official data showed. The result was a relief for Prime Minister Matteo Renzi, who had called on people to abstain, saying the ballot was unnecessary and would end up hurting the economy. ...