Bloomberg A group of European Union (EU) nations that count tourism as a significant industry is pushing for a relaxation of rules on traveling to the bloc from the rest of the world, according to diplomats. The EU imposed a blanket ban on non-essential travel from most countries last March in a bid to stem the spread of Covid-19. But ...

Bloomberg Spain’s government approved an 11 billion-euro ($13 billion) plan to help companies pay down debts accumulated during the pandemic, Economy Minister Nadia Calvino said. The package, which has three parts, will leave companies better poised for the economic recovery, Calvino told journalists during a televised news conference. The announcement is the latest example of how European governments are accelerating ...

Bloomberg US consumer sentiment improved in early March by more than forecast, reaching a one-year high as more vaccinations and fiscal relief boosted optimism in the economic outlook. The University of Michigan’s preliminary sentiment index jumped to 83 from 76.8 in February, data showed. The figure exceeded the median projection of 78.5 in Bloomberg’s survey of economists. “The data indicate ...

Bloomberg UK Prime Minister Boris Johnson is working on a major overhaul of one of his government’s most important climate change policies after it failed to deliver. With a budget of 2 billion pounds ($2.8 billion), the Green Homes Grant program launched in September to provide vouchers for homeowners to help pay for insulating their properties and switch to low ...

Bloomberg Apple Inc.’s stock could reach a market capitalisation of $3 trillion, analysts say, citing the development of the Apple Car as well as high expectations for the next iPhone. Citigroup Inc. and Wedbush see potential for the tech giant to hit the milestone, an increase that implies an almost 50% surge from last week’s close. With a market cap ...

Bloomberg Telefonica SA may defy expectations for an outright sale of its submarine cables and bring in investors to share ownership of the business instead. The Spanish phone company has been working with advisers to gauge interest from potential buyers. It was hoping to offload the business for about 2 billion euros ($2.4 billion), according to media reports last year. ...

Bloomberg China’s electric-car makers are paying top-dollar rents to open showrooms in luxury malls, as they seek to gain an edge in the hyper-competitive market. More than half the malls in Shanghai have at least one electric-vehicle showroom and more are planned, according to real-estate service provider Jones Lang LaSalle Inc. They are now part of the “standard configuration” of ...

Bloomberg Apple Inc.’s advertising tool used to monetise some of its own apps and services is the target of a new complaint in France. France Digitale, a lobby group representing startups and venture capital firms, filed the complaint, saying that Apple’s own advertising system doesn’t seek a user’s consent for receiving targeted ads. The complaint focuses on an Apple feature ...

Bloomberg Microsoft Corp. has detected and blocked a “new family of ransomware” that was being used against servers that still hadn’t patched vulnerabilities after last week’s major security breach. The updates are a temporary measure to defend against attacks, which were already occurring in many places, the company said. The company discovered suspected Chinese state-sponsored hackers were exploiting previously unknown ...

Bloomberg Instagram will give a small number of creators in India the option to share their short video clips on Facebook Inc.’s main social network as part of a new test. Facebook is running a trial in India in which users can share Instagram Reels, short video clips with augmented-reality effects, in the news feed of the main blue app. ...