Huawei Neglected in EU as Nokia Wins Belgian 5G Contracts

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 could be used by Beijing for spying. The Belgian capital Brussels is home to the European Union’s executive body and parliament, making it a matter of particular concern for US…

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

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 that more could be coming at its December meeting given that risks are growing as surging coronavirus infections threaten Europe’s economy. Lagarde said Thursday that recent data show the economy…

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WHO: Europe now has more than 10 million confirmed covid-19 cases

WHO: Europe now has more than 10 million confirmed covid-19 cases

The World Health Organization’s Europe director said Thursday that the 54-country region has again reached a new weekly record for confirmed cases, with more than 1.5 confirmed last week and more than 10 million since the start of the pandemic.The World Health Organization’s Europe director said Thursday that the 54-country region has again reached a new weekly record for confirmed cases During a meeting with European health ministers, WHO European regional director Dr. Hans Kluge said, hospitalisations have risen to levels unseen since the spring and that deaths have risen…

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Deutsche Bank rebound hinges more than ever on trading unit

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 the worsening pandemic. The performance suggests Deutsche Bank, which still has one of the largest fixed-income desks in Europe, was able to claw back some market share in a key…

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

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 as well as adversely affecting consumers”. The probe follows a complaint by local ad lobby group the IAB Italy, per Reuters, which says the investigation must be concluded by November…

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