Bloomberg Italy is leaning towards choosing ex-telecommunications monopoly Telecom Italia SpA and defense specialist Leonardo SpA among its main partners for a new national cloud-services hub, as the government looks for ways to keep public administration data out of foreign hands. State-backed lender Cassa Depositi e Prestiti SpA is in talks with the two companies to create an entity that ...

Bloomberg European shares dropped amid a blurred outlook for global growth, as investors await Thursday’s update from the European Central Bank (ECB). The Stoxx Europe 600 Index was down 1.1% as of 9:01 am in London, trading at its lowest level since August 19 as automakers, banks and industrials led losses. Miners and technology outperformed, but all sectors were lower. ...

Bloomberg Bitcoin’s slump following El Salvador’s troubled rollout of the largest cryptocurrency as legal tender has put several key technical levels into focus that could point to greater losses ahead. The virtual coin was trading at about $44,900 as of 9:15 am in London, having slid as much as 17% a day earlier before paring some of the losses while ...