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Kim shows off new ICBM built during talks with Trump

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 ...

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Trump ‘no longer a transmission risk’

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 ...

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Millions face new UK curbs over rising cases

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 ...

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Trump businesses flourished from his presidency: Times

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 ...

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Trudeau unveils new plan to help firms pay rent amid pandemic

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 ...

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Italy’s economy set to shrink 10% this year

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 ...

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UK data center market continues to grow despite Brexit worry

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 ...

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Argentina expands tech firms’ incentives

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 ...

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China solar stocks are surging after Xi’s 2060 carbon pledge

Bloomberg China’s massive renewable energy industry has seen shares soar since President Xi Jinping announced the country aims to go carbon neutral by 2060. That surge continued as mainland-listed solar giants like Longi Green Energy Technology Co. and Tongwei Co. jumped in their first trading after a week-long holiday during which some peers in Hong Kong posted gains of more ...

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