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Live news: China and India take center stage in global diplomacy

Italian Prime Minister Giorgia Meloni at a press conference. Her government raised national security concerns over Sinochem’s investment in Pirelli © Martin Divisek/EPA-EFE/Shutterstock

Italy has responded to concerns over Chinese state intervention by stripping China’s Sinochem of its influence as Pirelli’s largest shareholder and the right to appoint a CEO and set the tire maker’s strategy. .

Italian Prime Minister Giorgia Meloni’s government has imposed new restrictions on Sinochem, which owns a 37% stake in the business, citing national security concerns such as the potential misuse of Pirelli’s chip technology and Chinese Communist Party interference. justified.

Details of the restrictions were announced Friday night following the unprecedented announcement by the Italian government to impose “a series of measures to protect Pirelli’s independence”.

read more about Sinochem and Pirelli.

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Italian Prime Minister Giorgia Meloni at a press conference. Her government raised national security concerns over Sinochem’s investment in Pirelli © Martin Divisek/EPA-EFE/Shutterstock

Italy has responded to concerns over Chinese state intervention by stripping China’s Sinochem of its influence as Pirelli’s largest shareholder and the right to appoint a CEO and set the tire maker’s strategy. . Italian Prime Minister Giorgia Meloni’s government has imposed new restrictions on Sinochem, which owns a 37% stake in the business, citing national security concerns such as the potential misuse of Pirelli’s chip technology and Chinese Communist Party interference. justified. Details of the restrictions were announced Friday night following the unprecedented announcement by the Italian government to impose “a series of measures to protect Pirelli’s independence”. read more about Sinochem and Pirelli.
https://www.ft.com/content/b980c6b2-8326-4406-9e05-c781ad5a6c17 Live news: China and India take center stage in global diplomacy

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