Huawei Neglected in EU as Nokia Wins Belgian 5G Contracts

Orange and Proximus have picked Nokia to help build 5G networks in Belgium as they drop Huawei amid US pressure to exclude the Chinese firm from supplying key telecoms equipment. The moves are among the first by commercial operators in Europe to drop Huawei from next-generation networks and come after months of diplomatic pressure from Washington, which alleges Huawei equipment…

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European Central Bank: Just Wait Until End of The Year 2020

FRANKFURT, Germany — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging covid-19 infections and new restrictions on activity threaten Europe’s economy.The European Central Bank held off from strengthening its current economic stimulus but signaled…

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Deutsche Bank rebound hinges more than ever on trading unit

Germany’s largest lender on Wednesday reported a 47% jump in debt trading, beating all but one of the large investment banks so far and prompting Sewing to lift the outlook. The boost propelled the firm to an unexpected third-quarter profit, even as the corporate bank around which the CEO built his strategy continued to shrink amid negative interest rates and…

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Google’s display advertising business is under antitrust probe in Italy

Italy’s competition authority has opened an antitrust investigation into Google’s display ad business — adding another allegation of abuse of a dominant position to the tech giant’s regulatory woes. In a press release announcing the action the AGCM said it “questions the discriminatory use of the huge amount of data collected through its various applications, preventing rivals from competing effectively…

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Artificial Intelligence In Fashion Market In Europe Is Expected To Reach US$ 933.9 Million By 2027

Among other applications, machine learning algorithms can accurately predict inventory demand, reducing waste, and unsold inventory costs. In short, AI for fashion is changing the way fashion companies design and manufacture their products and the way they are marketed and shipped to customers. According to the report, The artificial intelligence in the fashion market in Europe is expected to grow…

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Huawei 5G network equipment banned in the UK effective December 31

In a sweeping turn of events, the UK government has banned Huawei from providing 5G infrastructure equipment to local carriers. Effective after December 31, British telecom operators will no longer be allowed to buy or use Huawei 5G components in their next-gen networks. The decision was signed off by Prime Minister Boris Johnson during a meeting with the National Security…

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China warns it will protect its companies if U.S. comes after them on human rights

BEIJING — China’s government has warned it will protect Chinese companies after Washington said enterprises may face legal trouble if they help carry out abuses in the Muslim northwestern region of Xinjiang. The U.S. warning came amid mounting tension with Beijing over human rights, trade and Hong Kong. It cited complaints of abuses by the ruling Communist Party against ethnic…

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Google announces $10bn investment in India to support health, education, and agriculture

Google will invest $10bn (£7.93bn) in India in the next five to seven years, the chief executive of its parent company Alphabet Inc has announced. Sundar Pichai spoke at the annual Google for India event, held online. The investment will be used to build products and services for India, help businesses go digital and use technology “for social good”. “This…

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Spain reports 419 new coronavirus cases, 8 deaths

OVIEDO, Spain Spain saw new infections jumped up for the fourth day in a row on Friday, with the health authorities confirming 419 new COVID-19 cases. A total of 247,905 people have been confirmed to have the disease in Spain so far, according to the Health Ministry. The majority of new cases were detected in Aragon, Madrid, Catalonia, and Andalusia.…

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Racy Lingerie Sales Surge During Covid-19

When lockdown began a few months ago, as some women adopted sweatpants and worn-in tees as a virtual uniform, others were buying apparel that’s considerably more alluring: lacy push-up bras, slinky thongs and other undergarments that are more characteristically reserved for PPE-free, socially undistanced activities. On La Perla’s website, for example, sales of the Ambra collection, an assortment of pieces…

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