News Snapshot:
Sat, Apr 10, 2021 page10 PM says that Italy blocked Chinese semiconductor bid Bloomberg Italian Prime Minister Mario Draghi on Thursday said that he backs an extension of state protection for Italian businesses after revealing that his government recently blocked a Chinese takeover of a semiconductor company. Draghi told reporters in Rome that he supports an earlier call by Italian Minister of Economic Development Giancarlo Giorgetti for the country’s so-called Golden Powers rules to be extended to the automotive and steel sectors. The rules “must be used when necessary,” Draghi said. “There was a case recently in which the government...
