{"id":72199,"date":"2015-04-02T15:58:50","date_gmt":"2015-04-02T13:58:50","guid":{"rendered":"https:\/\/www.aspeninstitute.it\/pin\/week-march-20-26\/"},"modified":"2015-04-02T15:58:50","modified_gmt":"2015-04-02T13:58:50","slug":"week-march-20-26","status":"publish","type":"pin","link":"https:\/\/www.aspeninstitute.it\/en\/pin\/week-march-20-26\/","title":{"rendered":"The week of March 20 \u2013 26"},"content":{"rendered":"

The country that Chinese investors prefer<\/strong> \u2013 Pirelli<\/strong> but not only. The 7.1 billion euro deal marking ChemChina\u2019s entry into the capital of the history Milan-based company obviously turned the spotlight of the foreign press. On March 23, the announcement brought a rash of articles in the foreign press, telling the details of the largest deal so far of Chinese investors in Italy (March Wall Street Journal<\/em> – ChemChina to Buy Controlling Stake in Pirelli; Reuters<\/em> – ChemChina to buy Italian tyre maker Pirelli in $7.7 bln deal<\/a>*; Financial Times<\/em> – CNCC closes in on Pirelli takeover<\/a>*; New York Times<\/em> – ChemChina to Buy Italian Tire Maker Pirelli in $7.7 Billion Deal<\/a>*; Washington Post<\/em> –Chinese state company launches bid for Italy\u2019s Pirelli<\/a>; El Pais<\/em> – ChemChina comprar\u00e1 al fabricante de neum\u00e1ticos Pirelli por 7.100 millones<\/a>; Sueddeutsche Zeitung<\/em>, Perle Pirelli geht an China<\/a>; Frankfurter Allgemeine Zeitung<\/em> – Pirelli wird chinesisch<\/a>; Le Nouvel Observateur<\/em>: Italie. Comment Pirelli est pass\u00e9 sous contr\u00f4le chinois<\/a>). But, as the foreign press explained, this is only part of the investment plan that has grown to 14 billion euro in the last five years (New York Times<\/em>, March 23 – After Pirelli, Chinese Shopping Spree in Italy to Continue<\/a>*), making Italy \u2013 according to Bloomberg<\/em> \u2013 China\u2019s favourite destination for acquisitions (March 23 – Italy Becomes China Favorite Place for Deals With Pirelli<\/a>). And, as Les Echos <\/em>adds, it has become an outpost for other operations in Europe (March 24 – Avec Pirelli, l’offensive de la Chine s’acc\u00e9l\u00e8re en Europe<\/a>).<\/p>\n

Along with Chinese investors, Indians are also coming to Italy. Reuters<\/em>, Les Echos<\/em> and Le Figaro<\/em> published the news of a possible interest of Mahindra in the mythical brand Pininfarina<\/strong> (March 25 – India’s Mahindra in talks to buy Italy’s Pininfarina<\/a>, L\u2019indien Mahindra pourrait racheter le mythique italien Pininfarina<\/a>; L’indien Mahindra pr\u00eat \u00e0 racheter le designer Pininfarina<\/a>).<\/p>\n

Growth of Italian groups<\/strong> \u2013 The financial pages did not only report on the appetite of foreign investors. Italian groups are also investing abroad. General<\/strong>, for instance, is studying expansion into the Asian real estate market (March Wall Street Journal<\/em>, 20 – Real Estate Unit of Italy\u2019s Generali Planning Move into Asia*) and Enel<\/strong>, in the industrial plan it just presented, showed interest in emerging markets and renewable energy with 18 billion in investments over the next five years (March 20 in Les Echos<\/em>,  L’italien Enel veut rebondir gr\u00e2ce aux \u00e9nergies renouvelables<\/a> and Reuters<\/em>– Italy’s Enel looks to emerging markets and renewables<\/a>) and a new wind energy system in the United States (Bloomberg<\/em>, March 25 – Enel Green Power Starts Construction on Oklahoma Wind Project<\/a>).<\/p>\n

Ferrero<\/strong> is also seeing higher returns with profits jumping by % thanks to the contribution of International markets (March 20 su Reuters<\/em> – Ferrero profits jump 14 pct in 2014 as Kinder eggs sales soar; and Les Echos<\/em>– Ferrero-Bond de 14% du b\u00e9n\u00e9fice 2014 gr\u00e2ce aux oeufs Kinder<\/a>) as is Telecom Italia<\/strong> which had a positive showing in 2014 (Expansion<\/em>, March 20 – Telecom Italia vuelve a los beneficios y gana 1.300 millones en 2014<\/a>). And, as the Financial Times<\/em> explained, last years was also very positive for the Italian investment fund market, where sales practically doubled with respectd to 2013 (March 22 – Italy: La dolce vita calls to fund managers<\/a>*).<\/p>\n

Science, culture, tourism<\/strong>– Italian culture was again a subject of interest in the foreign press, starting with El Mundo<\/em>, which interviewed Umberto Eco about his latest book (March 26 febbraio – Umberto Eco: ‘Los peri\u00f3dicos ya no tienen poder sobre el hombre de la calle’<\/a>). Last week, however, there was also interest in science, with Le Monde<\/em> that reported on the success of the electronic platform Arduino<\/strong>, the king of Made in Italy electronics (March 24 – Arduino, cerveau \u00e0 tout faire<\/a>*). Along with Liberation<\/em>, the French paper also wrote about La Sapienza, a film by Eug\u00e8ne Green, in which the leading character find his inspiration in Italy, and the Baroque period. (March 24 – \u00ab La Sapienza \u00bb : l\u2019Italie, pays de toutes les renaissances<\/a>*; March 25 – \u00abLa Sapienza\u00bb : Saut en langueur<\/a>).<\/p>\n

Certainly, one can still take the Grand Tour today. The Financial Times<\/em> suggests taking it through the tradition of small independent hotels that are preparing to give their guests the emotion of the 18th<\/sup> century (March 20 – Italy\u2019s boutique hotels offer modern-day Grand Tour<\/a>*). Meanwhile, the Wall Street Journal<\/em> reviewed the exhibit of the drawings by Giovanni Battista Piranesi <\/strong>the the temples of Paestum (March 24 – Review of \u2018Piranesi and the Temples of Paestum: Drawings From Sir John Soane\u2019s Museum\u2019 at the Morgan Library & Museum<\/a>*), and other papers wrote about Pompei<\/strong> and its rebirth after the restoration of the Villa of Mysteries (March 20 in New York Times<\/em> – Undoing the Ruins Once Wrought by Vesuvius<\/a>* and El Pais<\/em> –Pompeya resucita sus misterios<\/a><\/p>\n

<\/em>Finally, the Financial Times<\/em>, turned to the kitchen and gave its readers advice on how to prepare pappardelle with artichokes (March 20 – Recipe: pappardelle with artichokes<\/a>*).<\/p>\n

 <\/p>\n

* marked articles viewable online upon payment or registration<\/p>\n","protected":false},"excerpt":{"rendered":"

The country that Chinese investors prefer<\/strong> \u2013 Pirelli<\/strong> but not only. The 7.1 billion euro deal marking ChemChina\u2019s entry into the capital of the history Milan-based company obviously turned the spotlight of the foreign press.<\/p>\n","protected":false},"author":2357,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"freetags":[],"tipologiapin":[2375],"tag_tecnica":[],"temi_aspen":[],"attivita_internaz_in_essere":[],"attivita_internaz_concluse":[],"studi_e_ricerche":[],"class_list":["post-72199","pin","type-pin","status-publish","hentry","tipologiapin-foreign-press-italys-success-stories"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/72199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin"}],"about":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/types\/pin"}],"author":[{"embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/users\/2357"}],"version-history":[{"count":0,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/72199\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/media?parent=72199"}],"wp:term":[{"taxonomy":"freetags","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/freetags?post=72199"},{"taxonomy":"tipologiapin","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tipologiapin?post=72199"},{"taxonomy":"tag_tecnica","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tag_tecnica?post=72199"},{"taxonomy":"temi_aspen","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/temi_aspen?post=72199"},{"taxonomy":"attivita_internaz_in_essere","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_in_essere?post=72199"},{"taxonomy":"attivita_internaz_concluse","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_concluse?post=72199"},{"taxonomy":"studi_e_ricerche","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/studi_e_ricerche?post=72199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}