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 ...

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 ...

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 ...

Bloomberg Every toy, gadget and good you see on YouTube could soon be for sale online — not on Amazon, but right on YouTube itself. The world’s largest video site recently started asking creators to use YouTube software to tag and track products featured in their clips. The data will then be linked to analytics and shopping tools from parent ...

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 ...

Bloomberg If Democrats do “sweep” the November elections and increase capital gains taxes, it would be unlikely to cause more than a temporary slide in the US stock market, according to JPMorgan Chase & Co. Strategists and prediction markets are increasingly pricing in a “Blue Wave” where Democrat Joe Biden wins presidency and his party takes control of the Senate, ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a message from Xi Jinping, President of the People’s Republic of China, regarding the strengthening of the close ties of friendship and the comprehensive strategic partnership between the two countries. The message ...

Bloomberg Crude prices slid after oil workers in Norway called off a strike that had shut down about 8% of the country’s production. Futures in London and New York both fell over 1%. The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six. It also averts the shutdown of ...

Sharjah / WAM In partnership with the Telecommunications Regulatory Authority (TRA) Smart Dubai and Abu Dhabi Digital Authority (Adda), the Sharjah Finance Department (SFD) launched the first phase in linking its services to the Digital Identity, providing customers with secure access to services of two smart delivery systems (Tahseel) and the government financial system (Takamul) via smartphones. The one-time login application ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) launched the Post Office initiative as part of National Unified Medical Records (Riayati) a linkage system between hospitals, clinics and health care providers. From improving treatment services and reducing healthcare costs in UAE, to achieving a smart, integrated health system that serves beneficiaries of health services, while strengthening control ...