Bloomberg Chinese President Xi Jinping plans to visit Shenzhen this week to oversee celebrations for the 40th anniversary of the establishment of the special economic zone, the South China Morning Post (SCMP) reported. Xi is expected to meet Hong Kong Chief Executive Carrie Lam and Macau counterpart Ho Iat-seng during the event, the Post said, citing an unnamed person who ...

Bloomberg The European Union has agreed to help “strengthen the capacity” of Mozambique’s government in its fight against an escalating insurgency that’s killed more than 2,000 in a region home to Africa’s biggest foreign investments. The EU gave “a positive response” to the southeast African nation’s request for assistance, Ambassador Antonio Sanchez-Benedito Gaspar said in a statement. Mozambique had asked ...

Bloomberg Kim Jong-un rolled out a new ballistic missile designed to carry nuclear warheads to the US, in a massive military parade that appeared calibrated to show strength at home and abroad without provoking President Donald Trump. The new intercontinental ballistic missile (ICBM), which weapons experts said appeared to be the largest road-mobile rocket of its type, provided the grand ...

Bloomberg President Donald Trump is no longer considered a coronavirus transmission risk to others and has met the criteria to end self-isolation, according to White House physician Sean Conley. Trump has been fever-free for well over 24 hours and all symptoms have improved, Conley said in a memorandum published by the White House. He didn’t say if the president tested ...

Bloomberg Millions of Britons could be on the verge of new coronavirus restrictions, with the UK’s deputy chief medical officer warning the nation has reached a “tipping point” similar to the situation before the countrywide lockdown began in March. Prime Minister Boris Johnson was expected to make a statement to lawmakers on Monday amid expectations that a three-tier local lockdown ...

Bloomberg More than 200 companies, lobbying groups and foreign governments have given business to President Donald Trump’s resorts and hotels, while gaining benefits from him and his administration, an investigation by the New York Times found. During Trump’s first two years in office, the Times reported, 60 customers paid Trump’s family owned business about $12 million, and almost all had ...

Bloomberg Prime Minister Justin Trudeau unveiled a new plan to help businesses pay rent amid a second wave of coronavirus in Canada. The Canada Emergency Rent Subsidy will provide funding of up to 65% of rental or mortgage costs for businesses suffering from revenue declines, depending on the scale of losses. Businesses forced to close due to local shutdown orders ...

Bloomberg The Italian economy will contract 10% in 2020 and make a partial recovery next year with growth of 4.8%, Confindustria said in a report. After a rebound in the past quarter, momentum is expected to weaken again in the final three months of the year, the industry lobby said. “The gradual increase in the number of newly infected, although ...

Bloomberg Fears the UK’s data center operators would shift their infrastructure abroad because of Brexit are looking unfounded, with several firms and industry experts saying they’ve seen domestic growth since 2016. London’s data center market had a total supply of 711 megawatts during the second quarter of 2020 and is expected to end the year with 67 additional megawatts of ...

Bloomberg Argentina is expanding benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports, supporting a resilient industry that’s grown amid a severe, three-year recession. Both chambers of congress recently approved a technology bill that provides tax incentives for the next decade to start-ups and industry giants that train and hire workers. It’s one ...