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ROME, Nov 21 (Reuters) - Italy is considering candidates to take the helm of state lender Cassa Depositi e Prestiti (CDP), three sources close to the matter told Reuters, as part of a wider shake-up of state-controlled companies. State-backed investor CDP, founded 173 years ago, plays a key role in keeping strategic assets in national hands. Asked to comment on a change of CEO at CDP, Meloni's office said any rumours of a replacement for Scannapieco were unfounded. Rome is expected to decide on the top management of CDP in March at the latest, immediately after the approval of this year's CDP financial accounts, the sources said. The state lender invests savings made by Italians through the national post office network Poste Italiane.

Persons: Dario Scannapieco, Fincantieri, Giorgia, Scannapieco, Antonino Turicchi, Stefano Donnarumma, Mario Draghi, Elvira Pollina, Susan Fenton Organizations: Eni, ITA Airways, European Investment Bank, Telecom Italia's, Thomson Locations: Italy, State, Rome, EU, Milan

☆ Blackstone, Macquarie deny ASPI sale report, pledge commitment
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsMILAN, Nov 17 (Reuters) - Blackstone and Macquarie on Friday dismissed as "completely false" an Italian newspaper report about possible ownership changes at Autostrade per l'Italia (ASPI), pledging their commitment as investors in the motorway operator. Following the 2022 deal, ASPI is controlled by state-lender CDP with funds Blackstone (BX.N) and Australia's Macquarie (MQG.AX). Under JPMorgan's plan ASTM would transfer its assets to ASPI whose shareholders would be CDP, Gavio group and Blackstone. In denying the report, Macquarie said it was committed to the "ongoing delivery of ASPI's multi-billion euro investment programme".

Persons: JP Morgan, Italy's, ASPI, Australia's Macquarie, Macquarie, Blackstone, Matteo Salvini, Elisa Anzolin, Giuseppe Fonte, Valentina Za Organizations: Blackstone Group, REUTERS, Blackstone, La Stampa, ASTM, Benetton, Shareholders, Reuters, Thomson Locations: New York City, U.S, Macquarie, Ardian, Milan, Rome

☆ China’s economy will be hobbled for years by the real estate crisis
▼ + stars: | 2023-10-06 | by ( Laura He | ) edition.cnn.com time to read: +10 min

Absorbing this “excess capacity” in the property sector will inevitably hurt China’s economic growth, according to Garcia-Herrero. The money from the sales funded their breakneck expansion, making real estate moguls some of the country’s richest people. The strategy largely worked until about three years ago when the Chinese government cracked down on excessive borrowing by the real estate industry because it was worried about the risk of financial instability. But overall, the property sector has contracted severely as it adjusts to a collapse in demand. “A fundamental rewiring of China’s economy will necessitate a focus on developing new industries, improving productivity, and bolstering rental markets,” said analysts from Stanford University and the ASPI.

Persons: ”, Alicia Garcia, Herrero, Garcia, they’re, Evergrande, Xu Jiayin, Xi Jinping, ” Mark Williams, Sheana Yue, Zichuan Huang, “, — Michelle Toh Organizations: Hong Kong CNN, Investment, Asia Pacific, Getty, Bank, International Monetary Fund, IMF, Regulators, Capital Economics, People’s Bank of China, Oxford Economics, Stanford University, Asia Society Policy Institute, Oxford Locations: China, Hong Kong, Beijing, Natixis, Wuhan, China's, Hubei, Japan

☆ China leads tech race, highlighting need for AUKUS sharing, says think-tank
▼ + stars: | 2023-06-05 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

The U.S. leads quantum computing - the next generation of computers expected to solve once unsolvable problems and enable faster communication. Quantum sensors could be used in threat detection for defence, ASPI said. The combined strength of AUKUS nations made them competitive with China in half of the technologies, it said. The transfer of nuclear-powered submarine technology -- an area where the U.S. holds a capability edge over China -- to Australia is the highest-profile AUKUS project. The legislative proposals are "necessary steps for the AUKUS nuclear-powered submarines program," Conroy said in a statement.

Persons: Read, ASPI, for Defence Industry Pat Conroy, Conroy, Joe Biden, Kirsty Needham, William Maclean Organizations: National Congress, Communist Party of, Australian Strategic Policy Institute, China, for Defence Industry, U.S . Congress, U.S . Navy, Thomson Locations: Communist Party of China, SYDNEY, China, Australia, Britain, U.S, Beijing, Russia, Germany, Baltic, The U.S, Moscow, . Virginia, Virginia, Sydney

☆ China has a 'stunning lead' over the US in the research of 37 out of 44 critical and emerging technologies, new study finds
▼ + stars: | 2023-03-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China leads the US in the research of 37 out of 44 key technologies tracked by an Australian think tank. These critical and emerging technologies span a range of sectors including defense, space, and energy. China's research lead in these sectors could have implications for democratic nations. The report's authors warned that China's research dominance in strategic sectors could have adverse implications for democratic nations. In the immediate term, the lead could allow China to "gain a stranglehold on the global supply of certain critical technologies."

☆ China leads US in global competition for key emerging technology, study says
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +3 min

The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the world's top 10 research institutions are based in China. The study, funded by the United States State Department, found the United States was often second-ranked, although it led global research in high-performance computing, quantum computing, small satellites and vaccines. "Western democracies are losing the global technological competition, including the race for scientific and research breakthroughs," the report said, urging greater research investment by governments. The report called for democratic nations to collaborate more often to create secure supply chains and "rapidly pursue a strategic critical technology step-up". The study recommended visa screening programs to limit illegal technology transfers and instead favour international collaboration with security allies.

☆ 23 major brands suspected of illegally sourcing products made by forced labor in China
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

And more ...Mary Meisenzahl/InsiderThese companies have also been suspected of having direct or indirect ties to Chinese forced labor in the aforementioned reports. Bosch"Bosch is committed to ensuring that its products are not produced wholly or in part by forced labor. "Compliance with human rights, labor rights and environmental standards is a top priority at PUMA and has been specified in our Codes of Conduct for over 20 years." As stated in our Business Conduct Guidelines, we reject all forms of oppression, forced labor and participation in human rights violations. We will continue to respect human rights and take a strong stand against forced labor."

NO ARCHIVESBEIJING, Dec 1 (Reuters) - China is softening its tone on the severity of COVID-19 and easing some coronavirus restrictions even as its daily case toll hovers near records, after anger over the world's toughest curbs morphed into protests across the country. Health experts warn of widespread illness and death if COVID is let loose before vaccination is ramped up. read moreWhile the recent change in tone over COVID appears to respond to the public discontent with the strictness of the measures, authorities are in parallel seeking out those who were present at the demonstrations. China Dissent Monitor, run by U.S. government-funded Freedom House, estimated at least 27 demonstrations took place across China from Saturday to Monday. Australia's ASPI think tank estimated 43 protests in 22 cities.

☆ Covid protests escalate in Guangzhou as China lockdown anger boils
▼ + stars: | 2022-11-30 | by ( ) www.nbcnews.com time to read: +6 min

TwitterSocial media posts said the clashes took place on Tuesday night and were caused by a dispute over lockdown curbs. China Dissent Monitor, run by U.S. government-funded Freedom House, estimated at least 27 demonstrations took place across China from Saturday to Monday. In Zhengzhou, the site of a big Foxconn factory making Apple iPhones that has been the scene of worker unrest over Covid, officials announced the “orderly” resumption of businesses, including supermarkets, gyms and restaurants. Data on Wednesday showed China’s manufacturing and services activity for November posting the lowest readings since Shanghai’s two-month lockdown began in April. Chinese stocks were steady, with markets weighing endemic economic weakness against hopes that the public pressure could push China to eventually reopen.

☆ В Италии по делу обрушения моста в Генуе задержан экс-гендиректор Autostrade per l'Italia
▼ + stars: | 2020-10-11 | by ( ) point.md time to read: +2 min

Сотрудники итальянской Финансовой гвардии в рамках расследования обрушения в 2018 году моста Моранди в Генуе задержали бывших и нынешних менеджеров компании Autostrade per l'Italia, занимающейся обслуживанием сети автодорог. Следствие по факту обрушения моста и гибели людей продолжается. Трагедия в Генуе14 августа 2018 года в Генуе обрушился длинный пролет моста, по которому проходит скоростная трасса A10 (Генуя - Савона, европейский маршрут Е80). В момент обрушения виадука на нем находились более 30 легковых автомобилей и три грузовика. 3 августа 2020 года прошла церемония открытия нового виадука Сан-Джорджо, а вечером 4 августа мост открылся для движения транспорта.

Persons: Джованни Кастеллуччи, Микеле Донферри Мирелла, Паоло Берти, Бенеттон Organizations: Финансовая гвардия, СМИ Locations: Моранди, Генуя, Италия, Генуе, Генуя Савона

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