AS 2021 begins, Europe’s hotel construction pipeline stands at 1,905 projects with 307,093 rooms

AS 2021 begins, Europe’s hotel construction pipeline stands at 1,905 projects with 307,093 rooms

According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of 2020, Europe’s hotel construction pipeline increased 2% by projects and 3% by rooms year-over-year (YOY) to end the fourth quarter with 1,905 projects and 307,093 rooms, a record high project and room count for the region. Europe’s construction pipeline has remained robust as hotel developers have purposely delayed their opening dates to await improved operating conditions. Rooms under construction are at an all-time high of 967 projects/157,833…

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Whatsapp,Facebook,Twitter,Instagram Signal & Telegram face problems as India announces new social media rules.

Whatsapp,Facebook,Twitter,Instagram Signal & Telegram face problems as India announces new social media rules.

India’s new social media regulations want social media apps like WhatsApp, Signal and Telegram to identify the ‘first originator’. In cases where social media apps are being used to spread ‘mischief’, the government wants the ability to track down the instigators. Tracking the origin of messages may require apps offering privacy to break end-to-end encryption. To prevent the misuse of social media, the Union government on Thursday announced new rules that make it mandatory for platforms such as WhatsApp to aid the government in identifying the “originator” of certain messages containing unlawful…

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China Outspends Rest of the World on 5G Infrastructure By 2 is to 1 Ratio

China Outspends Rest of the World on 5G Infrastructure By 2 is to 1 Ratio

When Beijing sets its mind to building new infrastructure, there’s very little that can stop it. That’s the message coming from a top telecom official who was talking up China’s fast-growing 5G network at a major industry event taking place this week in Shanghai. The nation now has more than 718,000 base stations for the cutting-edge communications technology, covering all of its major cities, said Liu Liehong, a vice minister at the Ministry of Industry and Information Technology (MIIT). The nation’s huge base station buildup means China is now home…

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Analysts’ View: U.S. stock futures dip as election results trickle in

Analysts’ View: U.S. stock futures dip as election results trickle in

(Reuters) – U.S. stock market futures dipped on Tuesday as early voting projections in the U.S. presidential election pointed to a close result, creating uncertainty for markets.Investors had hoped to avoid a prolonged process that would delay any stimulus to help an economy reeling from the coronavirus pandemic. E-Mini futures for the S&P 500 ESc1 were down 0.1% during a volatile session, having earlier been up 1%. Signs that President Donald Trump could win Florida dampened expectations of a quick outcome and saw 10-year Treasury yields drop to 0.85% US10YT=RR from a five-month…

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Facebook Dating Services & App may begin from February 2021 on Valentines day

Facebook Dating Services & App may begin from February 2021 on Valentines day

Facebook said it was launching its dating service in 50 European countries.Facebook Dating, the social network’s competitor to Tinder and other dating apps, launches today in Europe after a long delay from its planned Valentine’s Day debut. The dating service offers the same features in Europe as it does in the US, using the existing profile you’ve created on Facebook to find potential matches. Facebook tailors these matches with your preferences, Facebook activity, and, if you opt in, groups and events. FACEBOOK ORIGINALLY PLANNED TO LAUNCH ITS DATING SERVICE IN…

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

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 from US$ 69.2 Mn in 2019 to US$ 933.9 Mn by the year 2027, with a CAGR of 34.0% from the year 2020 to 2027. In the past few years,…

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