Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Inside the China-Italian drone scandal

Published

on

Six managers of the company reportedly approved a Chinese takeover of the plant, breaching Italian arms laws.

Of the six managers, three Chinese and three Italian – have been reported to prosecutors for their role in the sale, which estimated 75% of the firm at almost €4m (£3.4m) rather than the €45,000 value of the shares at the time.

Investigators found that the Hong Kong firm that bought a stake in the drone company was actually acting as a front for two Chinese state-owned organisations.

It’s thought that the sale broke Italy’s “golden power” rules which prohibit the sale of strategic assets to foreign investors.

The drone company is subject to regular special checks because it supplies various drones and equipment to the Italian military.

Lawyers for the company however deny any breaches and say the entire deal was both transparent and lawful.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Six strategies to build a six-figure property portfolio

Published

on

Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

Continue Reading

Money

Experts reveal how to spot investment-grade properties

Published

on

Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

Continue Reading

Money

Tricks of the trade: how to navigate market volatility with confidence

Published

on

Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Continue Reading

Trending Now