Italy has approved measures to limit the control of a Chinese state-owned shareholder over the Italian tiremaker Pirelli, citing reasons of national security. Rome’s decision comes after Sinochem, Pirelli’s largest shareholder with a 37 percent stake, notified the Italian government in March of plans to update an existing shareholder pact with Camfin, which is controlled…

Commentary China’s Belt and Road Initiative (BRI) is an ill-defined international development program that includes export activities and political influence operations by the regime in Beijing. With a reported $1 trillion of spending, which could eventually become $8 trillion, BRI has hit major speed bumps of late. Italy, which is the only G-7 country involved…