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Li Qiang

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Italy's Giorgia Meloni Signals Exit from China's Belt and Road Initiative

Originally Published 2 years ago — by Times of India

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Source: Times of India

Italian Prime Minister Giorgia Meloni has informed Chinese Premier Li Qiang that Italy plans to withdraw from China's Belt and Road Initiative (BRI). This decision comes after Italy's foreign minister expressed dissatisfaction with the BRI agreement, and the Italian Defense Minister characterized their initial decision to join as regrettable. Meloni has consistently stated her belief that the agreement was a mistake and intends to rectify it.

Elon Musk's Meetings in Paris Fuel Speculation on Tesla's Future in Europe.

Originally Published 2 years ago — by Investor's Business Daily

Featured image for Elon Musk's Meetings in Paris Fuel Speculation on Tesla's Future in Europe.
Source: Investor's Business Daily

Elon Musk is expected to meet with French President Emmanuel Macron as competition to site another Tesla plant in Europe heats up. Li Qiang, China's Premier, is also heading to Europe with stops in France and Germany. Meanwhile, U.S. Secretary of State Anthony Blinken arrives in Beijing Friday to address heightened U.S-China tensions. Tesla's plans to expand its Shanghai facility reportedly face roadblocks, with China concerned about EV overcapacity and the price war started by Tesla.