EU countries are not innovative enough. The truck is pulled mainly by Germans and Swedes

Spending on research and development (R & D) is a major accelerator of innovation, which is crucial to the enrichment of society and the building of the country's position in the international arena. According to Eurostat data, spending on R & amp; D varies widely across the EU.

In 2019, more than € 306 billion was spent in the EU on R & amp; D, representing 2.19%. EU GDP. This is also a slight increase compared to 2018, when spending on R & D amounted to 2.18%. However, this is not a momentary trend, as spending on innovation has increased regularly over the years. In 2009, the EU average was 1.97%.
Eurostat points out that the level of EU spending was much lower compared to the countries that spend the most on R & amp; D in the world. South Korea spent 4.52 percent on R & D in 2018. GDP, Japan 3.28 percent. (2018 data), and the United States 2.82 percent. (data 2018). On the other hand, China was at a similar level to the EU, with spending equal to 2.08 of GDP.

Sweden, Austria and Germany European primaries
The leader in the EU in terms of spending on innovation is Sweden, which allocates 3.39% for this purpose. GDP. Above 3%. issued by Austria (3.19%)) and Germany (3.17%).). It should also be noted that just behind them were three other countries that were close to reaching 3 percent. GDP for research and development. In this case, we are talking about Denmark (2.96%).), Belgium (2.89%).) and Finland (2.79%).). They were also the only countries to achieve a level above the EU average. This means that R & amp; D spending in the EU is very unevenly distributed, with only six community countries increasing the EU average.
However, the EU average was higher than in countries such as the UK (1.76%).), Turkey, or Russia (both countries spent 1.03 percent on R & D. GDP).
Romania at the grey end of the chart
At the other end of the scale is Romania, which spends only 0.48% on R & amp; D. GDP. This is by far the worst result. However, in addition to Romania, there are seven other countries that spend less than 1% on innovation. GDP. These are mainly the countries of the so-called new EU. These include Lithuania, Bulgaria, Slovakia, Malta, Cyprus and Latvia. The raisin in this list is Ireland, which is generally associated with innovative technology companies like Google or Apple. However, the presence of digital giants, which is largely due to liberal tax laws, does not affect development spending.

Poland is practically in the middle of the table with R & amp; D spending at 1.32%. This is better than, for example, in Greece (1.27%).), or Spain (1.14 percent.), but for this much worse than in Slovenia (2.04 percent.) and the Czech Republic (1.94%).).

It is worth noting that the recommended level of R & amp; D expenditure is 2%. GDP. However, only 9 out of 27 EU countries are implementing these recommendations. This is too low if Europe as a whole wants to compete with global giants like China and the US. For now, it can be seen that the innovation cart in the EU is being pulled by Germany with the help of several smaller countries. However, it should be borne in mind that these economies are incomparably smaller than the German Moloch.

Private companies with the highest expenditure
The main sector where funds are spent on innovation is the business sector. That's where 66 percent is spent. in second place is the higher education sector with spending at the level of 22 percent. The government sector accounts for 11%. and the private non-profit sector 1 percent.

THE KISS SCENE. TV SERIES NETFLIX ACCUSED OF INSULTING RELIGIOUS FEELINGS

"The film" a suitable boy " was shown on one of the internet platforms. It depicts extremely reprehensible scenes that offend the feelings of a certain religion. I instructed the police officers to look into the matter, "wrote in social media the minister of foreign affairs of the state of Madhya Pradesh Narottam Mishra, whose entry is quoted by the newspaper"the Indian Express".

Indian internet users quickly deciphered the words of a state minister from the ruling Indian people's party (BJP). It turned out that in the" reprehensible scenes " in the series produced by the BBC, available on Netflix, the actors were shown kissing, and religious feelings were supposed to relate to the place where the kiss took place - a Hindu temple.

According to the Indian Express, BJP spokesman Gaurav Goel warned all streaming platforms that if they "intentionally offend" Hindu gods and goddesses, those who felt offended should go to the police or the local court and report the matter under Section 295A of the criminal code. "The law will take care of the villains," wrote Goel on Twitter.

Paragraph 295A of 1927 provides: m.in. fine and up to three years in prison for insulting religious feelings. "It is so general that it can be applied in almost any situation," says PAP Pankaj Mehta, a lawyer in Delhi. - Hinduism is capacious, there is no hierarchy and one interpretation of the sacred texts. Therefore, one follower may be offended by something, and the other no longer-evaluates.

"A kiss filmed in a temple does not offend me, at most it may surprise or disgust me," admits Jagdish Acharya, who comes from a conservative Brahmin family in the city of Puna, in an interview with pap. - Someone else may already offend, it is a very individual issue-he points out.

Boycott Netfliks
Meanwhile, the hashtag "BoycottNetflix" (boycott netfliks) began to gain popularity. Supporters of the boycott demanded the withdrawal of the series, and opponents defended freedom of speech and artistic freedom.

- If a kiss is a religious insult, then what can be the sculptures depicting sexual acts in Khajuraho (a city famous for Hindu temples with erotic decoration of the outer walls)?"- asks Arjun Desai, a musician from Delhi. - But for many more important than the place of the kiss was probably the religion of lovers-he notes.

"According to the scenario, a Muslim youth is in love with an Indian woman," wrote on social media Gaurav Tiwari from the youth organization of the BJP in Madhya Pradesh, who formally reported the case to the police. "But why do they kiss in the temple grounds?"- he added.

The series directed by Mira Nair, whose " Salaam Bombay!"in 1988, he won the audience award at the Cannes Film Festival, based on the novel by Vikram Seth. "The pretender to the hand" tells the story of four families a few years after the rise of India. Seth's work, written in English, has received critical acclaim in the UK and the US.

"It's about love jihad"
- This is all about love jihad, which is the seduction of Hindu women by Muslims. This is how they convert to Islam, " explains Soham Majumdar, an economist from Calcutta. - Many people believe that this is a top-down organized action against Hindus-he adds.

On Thursday, November 26, the government of Uttar Pradesh passed a law against" Love Jihad", which allows to annul marriages between people of different religions if it is proved that the change of faith by deception. For such an act, he faces 10 years in prison. The introduction of similar regulations was announced by the authorities of the state of Madhya Pradesh.

At the same time, the Indian Ministry of internal affairs at a meeting of parliament in February admitted that organized" love jihad " has no place in the country, as confirmed by police investigations in several states of India.

- It seems that the controversial kissing scenes were not filmed in the temple. Probably these scenes were filmed somewhere else in the fort, - said the agency PTI Anuragha P, governor of Khargone district, which granted permission to the filmmakers in December last year.

Vaccine and economic recovery, Usa ahead of Europe

With several Covid vaccines approaching the approval stage by the competent authorities, Goldman Sachs conducted research on the possible spread of the vaccine and the impact on the economic restart in major developed countries, using both supply-side data provided by major manufacturers, and the results of surveys and surveys conducted among the population on the demand side.

ADMINISTRATION IN THE USA ALREADY IN DECEMBER
The results of the Goldman research, illustrated by a report by Daan Struyven and Sid Bhushan, indicate that in the United States the expectation is that the first available doses can begin to be administered to population groups at higher risk as early as mid-December. In this perspective, the forecast formulated is that significant public health benefits can begin to be seen from the first quarter of next year, with the estimate of widespread vaccinations starting in April.

WIDESPREAD VACCINATIONS BY MID-2021
Looking at the entire universe of developed countries, Goldman Sachs research predicts that large portions of the population can be vaccinated by the latter part of the second quarter of 2021. In particular, research estimates that in Britain 50% of the population may have been vaccinated as early as March, while the US and Canada would follow soon after in April, while for the European Union, Japan and Australia will have to wait until May.

The negative SCENARIO hypothesis
With abundant vaccine production expected in the second quarter of 2021, it should be demand and no longer supply to drive the spread of anti-Covid, surpassing 70% of the population during the fall across the area of developed countries. Goldman Sachs research also explores a possible negative scenario, which predicts that vaccines developed by AstraZeneca and Johnson & Johnson are unsuccessful and that demand is weaker than expected.

Expected economic rebound strengthened
In this scenario, vaccinations would proceed more slowly in Europe, which is more dependent on the supply of the two houses, but would also cause weaker demand in other geographical areas and consequently fewer vaccinations, particularly in the USA and Japan. While the exact timing of the large-scale spread of the vaccine remains obviously still uncertain, ricercar nevertheless reinforces Goldman Sachs ' baseline forecast that achieving widespread immunization would prompt a sharp rebound in global economic growth starting in the second quarter of 2021.

Bper: capital ratios 'significantly higher' than ECB minimum requirements

L'edizione 2021 del Salone del Mobile si terrà dal 5 al 10 settembre 2021, posticipata dalle consuete date che cadono ad aprile. La notizia è accolta con favore dal titolo Fiera Milano arrivato a oltre il +4% sopra i 3 euro.

Il Salone del Mobile è una delle fiere più importanti del calendario di Fiera Milano e la notizia ha risvolti positivi per l'operatore fieristico italiano. "Il rinvio a un periodo nel 2021 in cui il vaccino COVID-19 dovrebbe essere ampiamente diffuso consente di mantenere un'edizione normale", sottolineano gli esperti di Intesa Sanpaolo.
La BCE, per quanto riguarda il processo di revisione e valutazione della vigilanza (SREP), ha annunciato che non emetterà alcuna decisione sui pertinenti requisiti prudenziali nel 2020 e, pertanto, Bper dovrà conformarsi ai Requisiti attualmente in vigore.

BPER deve mantenere su base consolidata per il 2021 un coefficiente minimo di capitale in termini di Common Equity Tier 1 ("un CET1 ratio) pari al 8,125%, costituito dalla somma del minimo regolamentare Pilastro 1 pari al 4,5%, l'ulteriore requisito del rispetto del Pilastro 2, pari a 1.125% 2 e il Buffer di Conservazione del Capitale pari al 2,5%, mentre il requisito minimo di Totale patrimonio netto ("Total Capital ratio") deve essere pari al 12,5%.

I coefficienti patrimoniali consolidati di BPER al 30 settembre 2020 sono significativamente superiori ai requisiti patrimoniali minimi richiesti dalla BCE con il Common Equity Tier 1 (CET1) ratio Phased in pro-forma 3 del 14,61%. L'indice pro-forma 4 fully Loaded è del 13,03%, mentre il total Capital ratio Phased in pro-forma 5 è del 17,53%
Wall Street in rialzo, con il Dow Jones che avanza di circa 100 punti. Tieni d'occhio l'indice di paura CBOE Volatility Index (VIX), che è sceso sotto la soglia dei 20 punti per la prima volta dalla fine di febbraio. Insieme al Nasdaq e allo S&P, Il Dow Jones ha guadagnato circa il 2% su base settimanale.

Oggi è il Black Friday, giornata cruciale per lo shopping negli States ma anche per quello di tutto il mondo, visto che diversi paesi hanno adottato la giornata, tutta dedicata a forti sconti. A Wall Street, le azioni al dettaglio stanno avanzando, sperando nel successo delle promozioni: well Gap, Shopify e Wal-Mart. Anche in aumento è stato Amazon, che ha annunciato tra le altre cose che spenderà più di.500 milioni di bonus per le vacanze per i dipendenti che serviranno durante le festività natalizie.

I lavoratori a tempo pieno riceveranno un bonus di dollari 300, mentre i lavoratori part-time riceveranno un bonus di parte 150.

Sotto i riflettori anche altri titoli, come AstraZeneca: CEO Pascal Soriot ha detto, in un'intervista a Bloomberg, che il gigante farmaceutico potrebbe lanciare una nuova sperimentazione globale per testare il candidato vaccino covid a dosaggi più bassi, invece di aggiungere un test a dosaggi più bassi al processo in corso negli Stati Uniti.

Focus anche sull'altro colosso farmaceutico che ha messo a punto un vaccino contro il coronavirus, ovvero sull'americana Pfizer che, secondo alcune indiscrezioni arrivate dal Canada, potrebbe ricevere l'approvazione da parte delle autorità sanitarie per l'utilizzo del vaccino già a dicembre. In precedenza erano circolate voci sull'approvazione del candidato al vaccino nel primo trimestre di 2021.

Attenzione a Facebook, dopo che un articolo del Financial Times ha riferito che il gigante di Mark Zuckerberg potrebbe lanciare la sua valuta digitale "Libra", in versione limitata, a partire dal prossimo gennaio.

Attenzione infine a Walt-Disney, che ha portato il numero di licenziamenti previsti dai precedenti 28.000 annunciati a settembre a 32.000. Il gigante sconta la chiusura del parco a tema Disneyland in California e il fatto che altri parchi hanno aperto ma con una capienza ridotta..

Tesla also overtakes Buffett on Wall Street, now only the 5 Big Tech are worth more

Piazza Affari positively archives the last session of a week that saw the Milan Stock Exchange stretch its positive streak again. The Ftse Mib closed at 22,351 points, with a progress of 0.68% that brings the balance to over +24% from the beginning of the month when there is now only one session left at the end of November.

In Italy, the Btp auction saw new historical lows for 5-and 10-year Btp rates, falling to 0.01% and 0.59% respectively.

Among the big ones in Piazza Affari, the positive moment is confirmed for Telecom Italia, which again took forward a further +1.57% with quotations returned well above the threshold of 0.40 euros with a balance of almost +40% in the last month. Keep waiting for an unblocking of the unique network dossier. Infratel allegedly sent a letter to Open Fiber about the delays in the implementation of the FTTH coverage plan. "The intervention of Infratelcreates further pressure on OF and indirectly on ENEL to accelerate the rete unica project, a positive catalyst for TIM", the experts of Equita SIM point out.

Sprint today for Hera, which gained 2.85% to 3,175 euros, closing ahead of the Ftse Mib. The Emilian utility yesterday placed on the market of Eurobonds a bond aimed at qualified investors of the nominal amount of 500 million euros and with a duration of 10 years that saw orders for 4 times the offer.

Among the banks stands out today Bper with +1,75% to 1,51 euro. Well also Intesa Sanpaolo with +0,8%.

On the opposite front instead, down Pirelli that yielded over 2 percentage points. Also bad Leonardo (- xxx%) with an article in La Stampa that talks about slowdowns in the process relating to a potential maxi-order that would include 24 Eurofighters in addition to an unspecified number of M-346 flight trainers.
Tesla continues to grind records on Wall Street and still climbs the ranking in the gotha of the most capitalized securities. With the jump of about 4% ordierno, which projects the stock in the area 595 dollars (reached a record peak at 598,77 $), the market cap of the electric car giant jumped to about 562 billion dollars, surpassing that of Warren Buffett's Berkshire Hathaway in sixth place among the mega caps of Wall Street.
Tesla shares have risen more than 600% since the beginning of the year making Elon Musk the second richest person in the world behind Jeff Bezos.

The latest rumors reported yesterday by Reuters see Tesla poised to start producing electric vehicle chargers in China next year as part of its mission to boost sales in the Asian country. Tesla's domineering rally is not scratched by the indiscretion collected by the Afp agency, which cites the Chinese market authority, about the risk that Tesla will have to recall 870 Model X cars in China due to a problem in the roof covering. The risk is that some parts may fall creating a collision hazard on the road.

Tesla stock as of December 21 will become part of the S&P 500 index, a change that will force index funds to buy about.50 billion of its shares and Goldman Sachs estimated last week that actively managed mutual funds could buy another 8 8 billion.

Intesa: in Milan, 144 SMEs with 3.2 billion revenues report of 'winning companies'

"In Italy, the pandemic has hit hard on hospitality and spa companies, which are undoubtedly among the most affected, if not the most affected at all. In these weeks, we are witnessing a replica of what was already seen during the spring lockdown, when Istat recorded a 91% drop in attendance in the accommodation exercises (7 million overnight stays in the March ‐ May 2020 quarter, compared to 81 million in the corresponding period of the previous year).

Gloomy prospects loom over the holiday season and the winter holidays." This is denounced by the Director General of Federalberghi Alessandro Massimo Nucara in the hearing on Bill N. 2790 bis before the productive activities, trade and Tourism Committee of the Chamber of Deputies.

In 2020 will be less 165 million foreign presences (-74.6%) and 81 million Italian presences (-37.5%). Total attendance will be well 245 million less (-56.2%). The revenue of the receptive sector will suffer a loss of 14 billion euros( -57%) - between August and December the government has estimated for the tourism and Spa sectors a reduction of 70% of hiring compared to the same period of 2019.
A group of companies that collectively generated in 2019 approximately € 3.2 billion turnover, marking a growth ten times higher than the Italian average in the last six years, employing over 15,000 employees, with a growth rate eight times higher than the national average from 2014 to the present. "Despite the difficulties that the crisis pandemic is causing, the response and the participation of Italian smes was total, demonstrating that the common features of Italian entrepreneurship are passion, ingenuity, Italian and determination," says the head of the Banca dei Territori Division of Intesa Sanpaolo, Stefano Barrese. By the testimonies of entrepreneurs emerges a picture that in some way draw a line important to the recovery, by showing that, even in this difficult phase of the crisis, these smes have continued to invest on the basic guidelines for growth: sustainability, innovation, human capital, generational transition, internationalization, connection with the territory and with their chains of production, in addition to a strong focus on the social impact generated on its territory.

From clothing to agri-food, from industry and services to chemical and metalworking, from fashion to furniture and design, textiles, transport, but also medical and pharmaceutical, to digital and Ict: these are some of the product categories to which the 'winning companies' 2020 belong. According to the analyses carried out on this sample of companies, during the digital tour that lasted more than two months, at the time of the crisis, training and welfare systems were a critical factor of success to look beyond the pandemic phase, alongside investments, with a reorientation towards digitalization and sustainability. The strong link with its territory of rooting has been an element that has characterized all companies and has contributed to international growth. This element emerged in particular also in the stage dedicated to social enterprises, new in the 2020 edition, from which it emerged how the integration between profit and non-profit is a crucial factor, as a lever for the creation of social well-being for all communities. Also for the' winning companies 2020 ' the selected SMEs will be included in growth support and visibility programs at national level offered by Intesa Sanpaolo and the partners of the initiative, Bain & Company, Elite, Gambero Rosso, together with Cerved and Microsoft Italia.

Gualtieri, further commitment at EU level for the sectors most affected

A postponement of the instalments of the scrapping ter and the balance and excerpt to March 1, 2021: this, according to what is learned, would be the government's guideline to prevent from December 10 those who have debts with the Tax Office vanga called again to pay, after the suspension decided in the first phase of the Covid epidemic. The measure should therefore enter the' menu ' of the decree Ristori quater, although still the text of the measure has not been closed.

The executive would also have assumed the stop until April 30, 2021 to taxes for those who have suffered loss of turnover due to Covid. The measure should come with the decree Ristori quater. The new decree will confirm for December the suspensions already arranged for the month of November for the red zones and will introduce a new fiscal moratorium, linked to the Covid crisis: it should in fact slip to next 30 April the payment of the second Deposit Irpef, Ires and Irap planned for 30 November. The measure should apply to those who suffered a decrease in turnover of 33% over the six months.
"A joint proposal at European level for new support for the sectors most affected by the crisis, in the coming months such as tourism, skiing, bars and restaurants". This is what the Minister of Economy Roberto Gualtieri announced, after the meeting with the French Minister of Finance Bruno Le Maire.

'The budgetary deviation that is being voted on in these minutes will allow us to intervene on the next fiscal deadlines by suspending them wider than the one made so far that concerned only the sectors of the Ateco codes.
We are working for the next decree that will use these eight billion for the postponement of tax deadlines for all economic sectors that have suffered losses', the minister also explained.

"The government's position is always the same: we consider that debts by definition must be repaid and are always repaid. And that the Italian strategy for debt cancellation, and its reduction is through a path of public finance that is focused on growth, on investment and on the financial policies and budget today, with the need for a strong fiscal stimulus, tax but as of course, as indicated by the Nadef, in the medium to long term must put the debt on a path of gradual reduction and sustainable," he added Gualtieri answering a question of journalists.

A postponement of the instalments of the scrapping ter and the balance and excerpt to March 1, 2021: this, according to what is learned, would be the government's guideline to prevent from December 10 those who have debts with the Tax Office vanga called again to pay, after the suspension decided in the first phase of the Covid epidemic. The measure should therefore enter the' menu ' of the decree Ristori quater, although still the text of the measure has not been closed.


The executive would also have assumed the stop until April 30, 2021 to taxes for those who have suffered loss of turnover due to Covid. The measure should come with the decree Ristori quater. The new decree will confirm for December the suspensions already arranged for the month of November for the red zones and will introduce a new fiscal moratorium, linked to the Covid crisis: it should in fact slip to next 30 April the payment of the second Deposit Irpef, Ires and Irap planned for 30 November. The measure should apply to those who suffered a decrease in turnover of 33% over the six months.
"A joint proposal at European level for new support for the sectors most affected by the crisis, in the coming months such as tourism, skiing, bars and restaurants". This is what the Minister of Economy Roberto Gualtieri announced, after the meeting with the French Minister of Finance Bruno Le Maire.

'The budgetary deviation that is being voted on in these minutes will allow us to intervene on the next fiscal deadlines by suspending them wider than the one made so far that concerned only the sectors of the Ateco codes.
We are working for the next decree that will use these eight billion for the postponement of tax deadlines for all economic sectors that have suffered losses', the minister also explained.

"The government's position is always the same: we consider that debts by definition must be repaid and are always repaid. And that the Italian strategy for debt cancellation, and its reduction is through a path of public finance that is focused on growth, on investment and on the financial policies and budget today, with the need for a strong fiscal stimulus, tax but as of course, as indicated by the Nadef, in the medium to long term must put the debt on a path of gradual reduction and sustainable," he added Gualtieri answering a question of journalists.