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LA STAMPA
Italy

Students Take Stab At Designing Ferrari Of The Future

Style and technology fuel a unique contest among international design schools to see who can conceive of the best futuristic model of the famous Italian sports car. Fuel efficiency counts – so does pure power.

Ferrari F430 (ZeroOne)
Ferrari F430 (ZeroOne)
LA STAMPAItalySourcesSocietyLA STAMPACountries

Worldcrunch NEWS BITES

MARANELLO - Designing a new Ferrari model is the dream of any established automobile artiste, not to mention an aspiring design school student.
But students from one of the world's top 50 design schools will get to see their sports car vision to come to life thanks to the World Design Contest, launched by Cavallino design company and Autodesk.

The Italian automaker is looking for a "Ferrari of the Future," which they count on being a hyper-automobile, using the latest materials, technologies and functionalities, to be hyper-everything: light/fast/ecological/technological.

Some 200 projects were submitted to the "Style Center" at Ferrari's northern Italian home of Maranello, including various fuel-efficient designs and even hybrid models. All share a focus on driving performance, and tend not to stray too far from the famous curves of the signature models of the past.

The jury headed by Ferrari president Luca Montezemolo has picked seven finalists among the entries: two from Italy, as well as design schools from London, Barcelona, Seoul, Pune (India) and Detroit. They will now be required to realize their projects with 3D computer technology, with the two winners announced July 17, to receive cash prizes and an internship at Ferrari.

Read the full article in Italian by Piero Bianco

photo - ZeroOne

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LA STAMPA
La Stampa ("The Press") is a top Italian daily founded in 1867 under the name Gazzetta Piemontese. Based in Turin, La Stampa is owned by the Fiat Group and distributed in many other European countries.
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Economy
chinese economy

How A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Rafael Henrique/ZUMA
EconomySourcesChinafeatured-postTHE INITIUMCountries
Liu Qianshan

-Analysis-

It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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