Italy intends to exit investment pact with China as relations sour

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Italy is the latest European state caught in escalating tensions between Washington and Beijing, which have compounded by Beijing’s support for Russia

Italy has signalled to the US that it intends to pull out of a controversial investment pact with China before the end of the year.

Italian Prime Minister Giorgia Meloni reassured US House Speaker Kevin McCarthy during a meeting in Rome last week that while a final decision hasn’t been taken, her government is favouring an exit from its role in China’s massive Belt and Road Initiative, according to people present at the talks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares end higher, lifted by healthcare and bank stocksEuropean shares end higher, lifted by healthcare and bank stocks via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »