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Virus takes aim at $1.7tn industry as tourists stay home

Bloomberg On Lake Como in northern Italy, spring normally spells the return of the tourists. The likes of George Clooney descend on waterfront villas, couples wander the cobbled streets and design fairs fill hotel rooms with well-heeled travellers. This year, because of the coronavirus, hoteliers are wondering whether the visitors will come at all. Hotels in the area saw more ...

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Johnson urged to look beyond big ticket spending in budget

Bloomberg UK Prime Minister Boris Johnson should look beyond large transport projects to ensure the billions of pounds of planned extra spending boosts the whole UK economy, according to the Resolution Foundation. Johnson’s budget next week is expected to raise capital spending by 20 billion pounds ($26 billion) a year, taking investment to levels last sustained in the 1970s. The ...

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China’s Huawei finds Swiss 5G heaven with ‘Fitbits’ for cows

Bloomberg A quiet Huawei Technologies Co-led 5G revolution is unfolding at the heart of Europe — in the bucolic Swiss hamlet of Taenikon. Far from President Donald Trump’s campaign to stop the world from using the Chinese company’s technology, cows in this northern Swiss village — with its white-washed cottages and manicured fields — wear Huawei’s 5G-connected neck-straps instead of ...

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