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Italy’s population falls most in 100 years

Bloomberg Italy’s population shrank in 2020 by the most in over 100 years, as measured by the number of births minus deaths, with the coronavirus pandemic amplifying a trend that’s been underway since 2007, according to a report released by Istat. The number of deaths outnumbered births by 342 thousand, the most since 1918. The overall population fell by 384 ...

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German ministry backed strategy shielding Wirecard

Bloomberg Germany’s Finance Ministry gave explicit backing in 2019 to financial regulator BaFin’s controversial approach to fraud accusations at Wirecard AG, raising questions about its role in one of the biggest corporate scandals in recent history. In a March 2019 phone call, Deputy Finance Minister Joerg Kukies gave the head of BaFin, Felix Hufeld, broad support for his efforts to ...

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Intel spending billions to revive manufacturing

Bloomberg Intel Corp. unveiled an ambitious bid to regain its manufacturing lead by spending billions of dollars on new factories and creating a foundry business that will make chips for other companies. The plan, launched by new Chief Executive Officer Pat Gelsinger, is an aggressive move that puts Intel into direct competition with Taiwan Semiconductor Manufacturing Co., the world’s most-advanced ...

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