Coronavirus is hurting Italian small businesses — but tech startups are fine
di Ben Munster – 5 marzo 2020 In Milan, the urban epicentre of Italy’s coronavirus outbreak, an eerie silence hovers over the city, which powers 10% of Italy’s economy. Airports have tightened controls, stymying the influx of new arrivals. Sightseers and reporters wearing protective masks roam largely empty streets. Schools have been shut and the city’s residents have marooned themselves in their homes. With more than 3,000 people in Italy hit by the outbreak — 50% of all cases in Europe — millions of Italian businesses are feeling the pain. Wanbao, a hardware company recently on the up, is now on the brink of insolvency. Pirelli, a large tire company, has projected a €30m hit from coronavirus.