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Ireland Set to Boost Spending as Economic Threats Grow

Ireland Set to Boost Spending as Economic Threats Grow

(Bloomberg) — Ireland’s government is set to boost spending to counter the dual threats of Brexit and the pandemic, as new restrictions threaten to derail a nascent economic recovery.



a group of people walking on a city street: Shoppers walk along Donegall Place in view of the Belfast City Hall in Belfast, Northern Ireland, U.K., on Friday, Jan. 3, 2020. Nationalists who want to bring the island of Ireland together made advances in the U.K. general election while unionist parties that want to remain in the U.K.lost their majority. Brexit may have blurred the lines between political tribes in the U.K., but in Northern Ireland it's entrenched them even more.

© Bloomberg
Shoppers walk along Donegall Place in view of the Belfast City Hall in Belfast, Northern Ireland, U.K., on Friday, Jan. 3, 2020. Nationalists who want to bring the island of Ireland together made advances in the U.K. general election while unionist parties that want to remain in the U.K.lost their majority. Brexit may have blurred the lines between political tribes in the U.K., but in Northern Ireland it’s entrenched them even more.

Finance Minister Paschal Donohoe will lay out the 2021 budget from about 1 p.m. in Dublin, a week after the coalition government moved the nation to a Level 3 lockdown, meaning most bars, restaurants and hotels are closed again. Among the measures being floated are a 5 billion-euro ($5.9 billion) fund to deal with the virus and Brexit, more health spending and a cut in sales tax for the hospitality industry.

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Donohoe’s strategy contrasts with Ireland’s last experience of economic crisis a decade ago, when the government slashed spending and raised taxes to win back the confidence of international lenders. The coronavirus response is one being echoed across Europe as countries try to protect businesses and jobs amid a resurgence of cases.

“Like others, the Irish government will eventually face the difficult task reducing the size of government spending,” Dermot O’Leary, chief economist at Goodbody Stockbrokers in Dublin, said. “But with large immediate threats to the Irish economy, this is a time to keep the foot on the fiscal accelerator.”

Video: Small British shops struggling amid worst UK recession (dw.com)

Small British shops struggling amid worst UK recession

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The domestic

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Artificial Intelligence in Telecommunication Market to Grow at a Decent CAGR of 38.4% from 2020 to 2027 | Grand View Research, Inc. – Press Release

Artificial Intelligence in Telecommunication Market to Grow at a Decent CAGR of 38.4% from 2020 to 2027 | Grand View Research, Inc. – Press Release

Artificial Intelligence in Telecommunication Market to Grow at a Decent CAGR of 38.4% from 2020 to 2027 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”

According to report published by Grand View Research, The global artificial intelligence in telecommunication market size was valued at USD 679.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 38.4% from 2020 to 2027.

The global artificial intelligence in telecommunication market size is expected to reach USD 9.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 38.4% from 2020 to 2027.

Communication Service Providers (CSPs) need to bring the intelligence in their system optimization, planning, and operations to address the increasing complexities in communication networks caused due to the deployment of new technology paradigms, such as Network Function Virtualization (NFV) and Software-Defined Wide-Area Networking (SD-WAN). Therefore, the telecommunications industry is exploring and introducing AI to improve network efficiency and customer experience.

The telecommunication industry has leveraged technologies, such as cloud computing, big data analytics, and deep learning, to fulfill consumer demands of multimedia services and network security. Also, the intellectualization of communication networks has become possible with the invention of technologies of service-aware network systems and deep packet inspection. Researchers in the industry are tapping into artificial intelligence-based techniques to optimize network architecture & management, and to enable more autonomous operations.

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Asia Pacific Artificial Intelligence (AI) in telecommunication market size, by application, 2016:2027

Furthermore, the next-generation wireless networks are anticipated to evolve into more complex system architectures due to the diversified service requirements and heterogeneity in devices, system architectures, and applications. Artificial intelligence has renewed interest in the telecom industry due to the rising complexity of network technology. Potential AI-based use-cases in communication networks include network operation monitoring & management, fraud mitigation, predictive maintenance, cybersecurity, and virtual assistants

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Car Finance Market Size to Grow $2.33 Billion, Globally, by 2027 at 14.3% CAGR: Allied Market Research

Car Finance Market Size to Grow $2.33 Billion, Globally, by 2027 at 14.3% CAGR: Allied Market Research

PORTLAND, Ore., Oct. 12, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Car Finance Market by Distribution Channel (Banks, OEMs, Credit Unions, and Others), Vehicle Age (New Vehicles and Used Vehicles), Application (Personal and Commercial), and Purpose (Loans and Lease): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global car finances industry was pegged at $1.29 billion in 2019, and is expected to hit $2.33 billion by 2027, registering a CAGR of 14.3% from 2020 to 2027.

Drivers, restraints, and opportunities-

Rise in global average price of automobiles and increase in demand for vehicles fuel the growth of the global car finance market. On the other hand, emergence of rideshare services and surge in debts from various borrowers curtail down the growth to some extent. However, enactment of technologies in existing product lines and untapped potential of emerging economies are expected to create multiple opportunities for the key players in the industry.

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Covid-19 scenario-

  • The outbreak of the pandemic has resulted in sharp decline in consumer trends and preferences toward purchasing cars. Accordingly, the global car finance market has been considerably affected. However, the overall situation is gradually being ameliorated across the world and the market is expected to get back to its position soon.
  • At the same time, it’s worth mentioning that people across the world have started preferring private way of transportation over selecting public transport which, in turn, has provided the market with a mixed effect.

The banks segment to lead the trail by 2027-

Based on distribution channel, the banks segment accounted for nearly two-fifths of the global car finance market share in 2019 and is anticipated to maintain the lion’s share throughout the study period. The OEMs segment,

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U.K. Data Center Market Continues to Grow Despite Brexit Worry

U.K. Data Center Market Continues to Grow Despite Brexit Worry

(Bloomberg) — Fears the U.K.’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.



High End Data Cables Feed Into Servers

© Bloomberg
High End Data Cables Feed Into Servers

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 capacity than the year before, according to data compiled by CBRE Group Inc.

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The industry saw record expansion in 2019 when 145 megawatts of capacity was added. Limited construction and site access for upgrades during the pandemic this year has been blamed in part for the recent slowdown.

Concerns that companies may relocate from the U.K. to Europe heightened last year after one of Britain’s biggest gambling companies, GVC Holdings Plc, moved the servers hosting its online betting platforms to Ireland.

At the time, a spokesperson for industry lobby group U.K. Finance also sounded the alarm that banks were considering relocation to avoid problematic cross-border transfers of personal data. Movement of data generates 174 billion pounds ($216 billion) of value in the U.K., according to the Confederation of British Industry.

No-Deal Brexit Threatens Legal Minefield for Data Transfers (1)

Emma Fryer, associate director of data centers at industry body TechUK, said the reality has been less dramatic.

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“The market has been very buoyant, with record levels of construction, record uptake of space and record size contracts,” she said. TechUK estimates that a typical modern data center can cost more than 100 million pounds to build and fit out.

Synergy

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Analysis: Investors’ bets on a Democratic sweep grow after Biden debate performance

Analysis: Investors’ bets on a Democratic sweep grow after Biden debate performance

By April Joyner, David Randall

NEW YORK (Reuters) – The debate between Democratic presidential candidate Joe Biden and President Donald Trump, marred by frequent interruptions and name-calling, did little to enlighten the electorate. But it was enough to turn the consensus on Wall Street toward Biden.

The fractious Sept. 29 faceoff led to a jump in Biden’s lead over President Donald Trump in several national polls, fueling moves in a broad range of assets sensitive to a decisive Democratic victory, from clean energy companies and U.S. govenrment bonds to foreign exchange derivatives that hedge against market volatility.

A second debate – which may be delayed or not take place at all – “is critical for the president, but I don’t think it matters at all to Biden. He can coast to the election,” said Jamie Cox, managing partner for Harris Financial Group.

The former vice president opened up a 10-point advantage among likely voters in an Oct. 3 poll by Reuters/Ipsos, a 1 to 2 point increase over his previous lead, following the presidential debate.

Despite the skepticism about opinion polls after Trump’s surprise win in 2016, investors have since increased bets that the Democrat will have a clearcut victory.

“Our highest probability is of a Biden win and a Democratic sweep and that keeps increasing,” said John Briggs, Americas head of strategy at NatWest Markets. “We had some client pushback on that idea but after the debate that turned around quite a bit.”

Graphic: Betting markets : Biden’s lead –

Shares of alternative energy companies, which analysts expect to prosper from policies under a Biden administration, have climbed sharply since the debate.

FILE PHOTO: U.S. Democratic presidential candidate Joe Biden gives a thumbs up when asked about how Kamala Harris will do in tonight’s vice-presidential debate, as he arrives

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