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2021-03-21
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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1616269740,"share":"https://ttm.financial/m/news/2121145474?lang=&edition=fundamental","pubTime":"2021-03-21 03:49","market":"us","language":"en","title":"Elon Musk is now officially 'Technoking of Tesla'","url":"https://stock-news.laohu8.com/highlight/detail?id=2121145474","media":"Dow Jones","summary":"MW UPDATE: Elon Musk is now officially 'Technoking of Tesla'\n\n\n Tomi Kilgore \n\n\n Musk will maintai","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Elon Musk is now officially 'Technoking of Tesla'\n</p>\n<p>\n Tomi Kilgore \n</p>\n<p>\n Musk will maintain CEO position, while CFO Zach Kirkhorn is now officially 'Master of Coin' \n</p>\n<p>\n Elon Musk may have already been the unofficial king of Tesla Inc., but starting Monday, his title has officially changed to \"Technoking of Tesla.\" \n</p>\n<p>\n The company <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> disclosed in an 8-K filing Monday that the change in title was effective March 15. The company said Musk will maintain his position of chief executive officer. \n</p>\n<p>\n But that's not all. Zach Kirkhorn will maintain his position of chief financial officer, but his official title has changed to \"Master of Coin,\" also effective March 15. \n</p>\n<p>\n The title changes come about a month after the electric vehicle maker disclosed it had acquired $1.5 billion in bitcoins in January, and said it could accept the digital asset for payment in the future. \n</p>\n<p>\n Separately, Tesla disclosed Monday that Jerome Guillen, president of automotive, has transitioned to the role of President, Tesla Heavy Trucking. \n</p>\n<p>\n That shows that Tesla \"plans to double down on its semi and trucking vision over the next few years,\" Dan Ives with Wedbush said in a note Monday. \n</p>\n<p>\n The company over the weekend released a video showing its commercial truck prototype on a test track. The Tesla Semi and its eventual release will likely be discussed more over the coming months, Ives said. \n</p>\n<p>\n As for the \"Technoking\" inclusion, it could hit at \"Musk viewing Tesla moreas a technology disruptor in the future especially with robotaxis, (full self driving capabilities), and massive battery technology advancements on the horizon at Tesla,\" he said. The CFO's \"Master of Coin\" title may allude to Tesla's bitcoin ownership \"which we expect to expand in the coming year.\" \n</p>\n<p>\n The company bought about $1.5 billion in bitcoin in February, a move that some on Wall Street criticized for creating a \"sideshow\" for the electric-vehicle maker. \n</p>\n<p>\n Tesla's stock slipped 1.1% in morning trading. It has advanced 8.3% over the past three months, and soared 527.5% over the past 12 months. In comparison, the S&P 500 index has gained 6.7% over the past three months and rallied 45.4% the past year. \n</p>\n<p>\n Claudia Assis in San Francisco contributed to this report. \n</p>\n<p>\n -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n March 20, 2021 15:49 ET (19:49 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk is now officially 'Technoking of Tesla'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk is now officially 'Technoking of Tesla'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-21 03:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Elon Musk is now officially 'Technoking of Tesla'\n</p>\n<p>\n Tomi Kilgore \n</p>\n<p>\n Musk will maintain CEO position, while CFO Zach Kirkhorn is now officially 'Master of Coin' \n</p>\n<p>\n Elon Musk may have already been the unofficial king of Tesla Inc., but starting Monday, his title has officially changed to \"Technoking of Tesla.\" \n</p>\n<p>\n The company <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> disclosed in an 8-K filing Monday that the change in title was effective March 15. The company said Musk will maintain his position of chief executive officer. \n</p>\n<p>\n But that's not all. Zach Kirkhorn will maintain his position of chief financial officer, but his official title has changed to \"Master of Coin,\" also effective March 15. \n</p>\n<p>\n The title changes come about a month after the electric vehicle maker disclosed it had acquired $1.5 billion in bitcoins in January, and said it could accept the digital asset for payment in the future. \n</p>\n<p>\n Separately, Tesla disclosed Monday that Jerome Guillen, president of automotive, has transitioned to the role of President, Tesla Heavy Trucking. \n</p>\n<p>\n That shows that Tesla \"plans to double down on its semi and trucking vision over the next few years,\" Dan Ives with Wedbush said in a note Monday. \n</p>\n<p>\n The company over the weekend released a video showing its commercial truck prototype on a test track. The Tesla Semi and its eventual release will likely be discussed more over the coming months, Ives said. \n</p>\n<p>\n As for the \"Technoking\" inclusion, it could hit at \"Musk viewing Tesla moreas a technology disruptor in the future especially with robotaxis, (full self driving capabilities), and massive battery technology advancements on the horizon at Tesla,\" he said. The CFO's \"Master of Coin\" title may allude to Tesla's bitcoin ownership \"which we expect to expand in the coming year.\" \n</p>\n<p>\n The company bought about $1.5 billion in bitcoin in February, a move that some on Wall Street criticized for creating a \"sideshow\" for the electric-vehicle maker. \n</p>\n<p>\n Tesla's stock slipped 1.1% in morning trading. It has advanced 8.3% over the past three months, and soared 527.5% over the past 12 months. In comparison, the S&P 500 index has gained 6.7% over the past three months and rallied 45.4% the past year. \n</p>\n<p>\n Claudia Assis in San Francisco contributed to this report. \n</p>\n<p>\n -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n March 20, 2021 15:49 ET (19:49 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121145474","content_text":"MW UPDATE: Elon Musk is now officially 'Technoking of Tesla'\n\n\n Tomi Kilgore \n\n\n Musk will maintain CEO position, while CFO Zach Kirkhorn is now officially 'Master of Coin' \n\n\n Elon Musk may have already been the unofficial king of Tesla Inc., but starting Monday, his title has officially changed to \"Technoking of Tesla.\" \n\n\n The company $(TSLA)$ disclosed in an 8-K filing Monday that the change in title was effective March 15. The company said Musk will maintain his position of chief executive officer. \n\n\n But that's not all. Zach Kirkhorn will maintain his position of chief financial officer, but his official title has changed to \"Master of Coin,\" also effective March 15. \n\n\n The title changes come about a month after the electric vehicle maker disclosed it had acquired $1.5 billion in bitcoins in January, and said it could accept the digital asset for payment in the future. \n\n\n Separately, Tesla disclosed Monday that Jerome Guillen, president of automotive, has transitioned to the role of President, Tesla Heavy Trucking. \n\n\n That shows that Tesla \"plans to double down on its semi and trucking vision over the next few years,\" Dan Ives with Wedbush said in a note Monday. \n\n\n The company over the weekend released a video showing its commercial truck prototype on a test track. The Tesla Semi and its eventual release will likely be discussed more over the coming months, Ives said. \n\n\n As for the \"Technoking\" inclusion, it could hit at \"Musk viewing Tesla moreas a technology disruptor in the future especially with robotaxis, (full self driving capabilities), and massive battery technology advancements on the horizon at Tesla,\" he said. The CFO's \"Master of Coin\" title may allude to Tesla's bitcoin ownership \"which we expect to expand in the coming year.\" \n\n\n The company bought about $1.5 billion in bitcoin in February, a move that some on Wall Street criticized for creating a \"sideshow\" for the electric-vehicle maker. \n\n\n Tesla's stock slipped 1.1% in morning trading. It has advanced 8.3% over the past three months, and soared 527.5% over the past 12 months. In comparison, the S&P 500 index has gained 6.7% over the past three months and rallied 45.4% the past year. \n\n\n Claudia Assis in San Francisco contributed to this report. \n\n\n -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n March 20, 2021 15:49 ET (19:49 GMT)\n\n\n Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359929049,"gmtCreate":1616324424881,"gmtModify":1704792910229,"author":{"id":"3572006306360026","authorId":"3572006306360026","name":"Kohjw94","avatar":"https://static.tigerbbs.com/2a884b6167ae9c285619cb40bb64fc2e","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572006306360026","authorIdStr":"3572006306360026"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359929049","repostId":"2121141812","repostType":2,"repost":{"id":"2121141812","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616320800,"share":"https://ttm.financial/m/news/2121141812?lang=&edition=fundamental","pubTime":"2021-03-21 18:00","market":"us","language":"en","title":"INSIGHT-Pandemic leaves digital laggard Italy scrambling to catch up","url":"https://stock-news.laohu8.com/highlight/detail?id=2121141812","media":"Reuters","summary":"* Italy faces huge digital gap versus rest of Europe * Pandemic prompted sharp digital acceleratio","content":"<html><body><p>* Italy faces huge digital gap versus rest of Europe</p><p> * Pandemic prompted sharp digital acceleration</p><p> * Digital investment core element of EU recovery plan</p><p> * Lifting growth essential to sustain debt burden</p><p> By Valentina Za, Elisa Anzolin and Elvira Pollina</p><p> MILAN, March 21 (Reuters) - Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic.</p><p> But instead of burning through the cash to pay overdue rent and bills, Ecofiltri is investing the money on a technological revamp of its business. Already facing a longer-term switch to electric transport, the company was spurred to act after the virus crisis cut the number of drivers on the road.</p><p> \"We've expanded our facilities, bought high-tech equipment and even created an R&D department where we are working on three projects we hope we can patent to provide more intelligent products and services,\" Ecofiltri co-founder Simone Scafetta told Reuters over a video call.</p><p> Italy ranked fourth to last in the EU for digital competitiveness in 2019, according to the Digital Economy and Society Index (DESI). By forcing a huge technological acceleration on the country, the pandemic is offering Italy a <a href=\"https://laohu8.com/S/AONE\">one</a>-off chance to boost its feeble productivity and economic growth.</p><p> Faster economic expansion is essential for Rome to sustain the world's third-largest public debt which the pandemic has inflated to 1.6 times gross domestic product <a href=\"https://laohu8.com/S/GDP\">$(GDP)$</a>.</p><p> Research by Milan's Politecnico University shows Italy could add 1.9 percentage points a year on average to its GDP growth if its small- and medium-sized enterprises (SMEs) bridged a 40% gap versus Spanish peers measured by indicators ranging from e-commerce capabilities or electronic invoicing to use of big data.</p><p> \"But the trick only works if businesses switch from a (crisis-driven) reactive approach to technology to a strategic <a href=\"https://laohu8.com/S/AONE.U\">one</a>, and the environment where they operate evolves with them,\" said Giorgia Sali who heads Politecnico's research hub on SMEs and digital innovation.</p><p> Italy estimates its businesses in recent years fell behind the rest of Europe in terms of digital investment by an amount roughly equal to 2 percentage points of GDP.</p><p> The pandemic has brought a welcome shift, with 86% of Italian respondents in a survey of mid- to large-sized firms commissioned by Dell Technologies saying they sped up digital transformation plans in 2020, above a 75% European average.</p><p> \"The pandemic has forced Italian companies to confront the country's huge digital gap,\" said Francesca Moriani, CEO of IT services provider VAR Group, adding Europe as a whole lags the United States and China.</p><p> The euro zone's digital economy is only two-thirds the size of that in the United States.</p><p> Encouragingly, 92% of SMEs polled by VAR Group expect to invest in digital capacity in the next two years, despite the blow to sales from the pandemic.</p><p> RECOVERY FUNDS</p><p> Italy's digital deficit has a number of roots.</p><p> In a country where broadband access is below the EU average, large companies which can sustain programmes of technological investment make up only a tiny proportion of businesses.</p><p> Many firms are family-owned and run, meaning they tend to lack managers with the right skills to lead a digital transformation.</p><p> A European Central Bank study also highlighted funding constraints when businesses rely mostly on bank financing like in Italy, saying traditional lenders often struggle to evaluate the risk involved in projects based on complex technologies.</p><p> Add to that an ageing population, and a very low share of ICT graduates - around 5,000 a year compared with around 18,000 in smaller Spain, according to Eurostat figures </p><p>- and Italy has fallen behind in the digital race.</p><p> To support the adoption of cutting-edge technologies by its companies and ultra high-speed connectivity, Rome has earmarked 46 billion euros in yet-to-be disbursed EU recovery funds for digital investments.</p><p> It also offers tax breaks to firms seeking to boost digital spending and appointed former Vodafone CEO Vittorio Colao as its technology czar to oversee efforts in coming years.</p><p> Like in Greece, the modernisation push also targets public services which Ecofiltri's Scafetta said set a bad example.</p><p> \"We've given our staff palmtops and screens to share information non-stop and interact with customers ... people don't add value by walking next door to carry paper documents, like you see state employees do,\" he said.</p><p> Located in the central Abruzzo region, Ecofiltri has found success by developing a process which gives a second life to diesel particulate filters.</p><p> To fund its projects, which include sensors to more easily detect issues with its filters and a digital warehouse management system to feed information to its website and liaise with e-sellers such as Amazon, Ecofiltri last September borrowed 100,000 euros from Credimi, a fintech lending firm.</p><p> Credimi says digital innovation is an important driver of credit demand it faces from SMEs.</p><p> \"With a few exceptions, the pandemic has caught small- and mid-sized Italian businesses unprepared, sending them scrambling to catch up with digital progress,\" Fabio Troiani, CEO Italy and Global digital services at Milan-based BIP Consulting, said.</p><p> \"For some it's become a matter of life and death.\"</p><p> FALLING FURTHER BEHIND</p><p> Many smaller Italian businesses are rising to the challenge.</p><p> The share of SMEs using e-commerce in 2020 rose 50% to a third of the total, as first-time e-shoppers surged by 2 million during a nationwide lockdown last spring, according to data by Politecnico and e-commerce lobby Netcomm.</p><p> Politecnico data also point to a 42% jump in cloud services for SMEs as remote workers increased by 11.5 times to 6.6 million.</p><p> So far, Italian government programmes aimed at fostering digital investments have been mostly taken up by larger companies.</p><p> The challenge is to bring onboard companies like Ecofiltri, which is one of more than 4 million Italian businesses with fewer than 10 staff, or 95% of the total.</p><p> Small firms find it hard to attract people with the necessary skills in a country where ICT graduates make up only 1% of the total, the lowest in the EU, contributing to Italy scoring last in the DESI human capital index.</p><p> \"It wasn't easy but we've brought in an engineer and the next person we hire must also be an engineer or they wouldn't fit our development plans,\" Scafetta said. </p><p> Diego Ciulli, senior public policy manager at Google, warned that a failure to fill Italy's digital gap when consumers globally have turned to online channels would be more than a missed opportunity. </p><p> \"The real risk is falling further behind,\" he said.</p><p> \"If Italian wine producers wait for trade exhibitions to resume to find new foreign customers, while French ones get really good at selling their wine online you don't just lose a chance to grow, you lose market share.\"</p><p> <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ DESI index 2020 SMEs selling online DESI Index Connectivity </p><p> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^></p><p>(Additional reporting by Giuseppe Fonte in Rome; Graphics by Stefano Bernabei; Editing by Toby Chopra)</p><p>((valentina.za@thomsonreuters.com; +39 02 6612 9526;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>INSIGHT-Pandemic leaves digital laggard Italy scrambling to catch up</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nINSIGHT-Pandemic leaves digital laggard Italy scrambling to catch up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-21 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* Italy faces huge digital gap versus rest of Europe</p><p> * Pandemic prompted sharp digital acceleration</p><p> * Digital investment core element of EU recovery plan</p><p> * Lifting growth essential to sustain debt burden</p><p> By Valentina Za, Elisa Anzolin and Elvira Pollina</p><p> MILAN, March 21 (Reuters) - Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic.</p><p> But instead of burning through the cash to pay overdue rent and bills, Ecofiltri is investing the money on a technological revamp of its business. Already facing a longer-term switch to electric transport, the company was spurred to act after the virus crisis cut the number of drivers on the road.</p><p> \"We've expanded our facilities, bought high-tech equipment and even created an R&D department where we are working on three projects we hope we can patent to provide more intelligent products and services,\" Ecofiltri co-founder Simone Scafetta told Reuters over a video call.</p><p> Italy ranked fourth to last in the EU for digital competitiveness in 2019, according to the Digital Economy and Society Index (DESI). By forcing a huge technological acceleration on the country, the pandemic is offering Italy a <a href=\"https://laohu8.com/S/AONE\">one</a>-off chance to boost its feeble productivity and economic growth.</p><p> Faster economic expansion is essential for Rome to sustain the world's third-largest public debt which the pandemic has inflated to 1.6 times gross domestic product <a href=\"https://laohu8.com/S/GDP\">$(GDP)$</a>.</p><p> Research by Milan's Politecnico University shows Italy could add 1.9 percentage points a year on average to its GDP growth if its small- and medium-sized enterprises (SMEs) bridged a 40% gap versus Spanish peers measured by indicators ranging from e-commerce capabilities or electronic invoicing to use of big data.</p><p> \"But the trick only works if businesses switch from a (crisis-driven) reactive approach to technology to a strategic <a href=\"https://laohu8.com/S/AONE.U\">one</a>, and the environment where they operate evolves with them,\" said Giorgia Sali who heads Politecnico's research hub on SMEs and digital innovation.</p><p> Italy estimates its businesses in recent years fell behind the rest of Europe in terms of digital investment by an amount roughly equal to 2 percentage points of GDP.</p><p> The pandemic has brought a welcome shift, with 86% of Italian respondents in a survey of mid- to large-sized firms commissioned by Dell Technologies saying they sped up digital transformation plans in 2020, above a 75% European average.</p><p> \"The pandemic has forced Italian companies to confront the country's huge digital gap,\" said Francesca Moriani, CEO of IT services provider VAR Group, adding Europe as a whole lags the United States and China.</p><p> The euro zone's digital economy is only two-thirds the size of that in the United States.</p><p> Encouragingly, 92% of SMEs polled by VAR Group expect to invest in digital capacity in the next two years, despite the blow to sales from the pandemic.</p><p> RECOVERY FUNDS</p><p> Italy's digital deficit has a number of roots.</p><p> In a country where broadband access is below the EU average, large companies which can sustain programmes of technological investment make up only a tiny proportion of businesses.</p><p> Many firms are family-owned and run, meaning they tend to lack managers with the right skills to lead a digital transformation.</p><p> A European Central Bank study also highlighted funding constraints when businesses rely mostly on bank financing like in Italy, saying traditional lenders often struggle to evaluate the risk involved in projects based on complex technologies.</p><p> Add to that an ageing population, and a very low share of ICT graduates - around 5,000 a year compared with around 18,000 in smaller Spain, according to Eurostat figures </p><p>- and Italy has fallen behind in the digital race.</p><p> To support the adoption of cutting-edge technologies by its companies and ultra high-speed connectivity, Rome has earmarked 46 billion euros in yet-to-be disbursed EU recovery funds for digital investments.</p><p> It also offers tax breaks to firms seeking to boost digital spending and appointed former Vodafone CEO Vittorio Colao as its technology czar to oversee efforts in coming years.</p><p> Like in Greece, the modernisation push also targets public services which Ecofiltri's Scafetta said set a bad example.</p><p> \"We've given our staff palmtops and screens to share information non-stop and interact with customers ... people don't add value by walking next door to carry paper documents, like you see state employees do,\" he said.</p><p> Located in the central Abruzzo region, Ecofiltri has found success by developing a process which gives a second life to diesel particulate filters.</p><p> To fund its projects, which include sensors to more easily detect issues with its filters and a digital warehouse management system to feed information to its website and liaise with e-sellers such as Amazon, Ecofiltri last September borrowed 100,000 euros from Credimi, a fintech lending firm.</p><p> Credimi says digital innovation is an important driver of credit demand it faces from SMEs.</p><p> \"With a few exceptions, the pandemic has caught small- and mid-sized Italian businesses unprepared, sending them scrambling to catch up with digital progress,\" Fabio Troiani, CEO Italy and Global digital services at Milan-based BIP Consulting, said.</p><p> \"For some it's become a matter of life and death.\"</p><p> FALLING FURTHER BEHIND</p><p> Many smaller Italian businesses are rising to the challenge.</p><p> The share of SMEs using e-commerce in 2020 rose 50% to a third of the total, as first-time e-shoppers surged by 2 million during a nationwide lockdown last spring, according to data by Politecnico and e-commerce lobby Netcomm.</p><p> Politecnico data also point to a 42% jump in cloud services for SMEs as remote workers increased by 11.5 times to 6.6 million.</p><p> So far, Italian government programmes aimed at fostering digital investments have been mostly taken up by larger companies.</p><p> The challenge is to bring onboard companies like Ecofiltri, which is one of more than 4 million Italian businesses with fewer than 10 staff, or 95% of the total.</p><p> Small firms find it hard to attract people with the necessary skills in a country where ICT graduates make up only 1% of the total, the lowest in the EU, contributing to Italy scoring last in the DESI human capital index.</p><p> \"It wasn't easy but we've brought in an engineer and the next person we hire must also be an engineer or they wouldn't fit our development plans,\" Scafetta said. </p><p> Diego Ciulli, senior public policy manager at Google, warned that a failure to fill Italy's digital gap when consumers globally have turned to online channels would be more than a missed opportunity. </p><p> \"The real risk is falling further behind,\" he said.</p><p> \"If Italian wine producers wait for trade exhibitions to resume to find new foreign customers, while French ones get really good at selling their wine online you don't just lose a chance to grow, you lose market share.\"</p><p> <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ DESI index 2020 SMEs selling online DESI Index Connectivity </p><p> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^></p><p>(Additional reporting by Giuseppe Fonte in Rome; Graphics by Stefano Bernabei; Editing by Toby Chopra)</p><p>((valentina.za@thomsonreuters.com; +39 02 6612 9526;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","DELL":"戴尔","QNETCN":"纳斯达克中美互联网老虎指数","09086":"华夏纳指-U","AMZN":"亚马逊"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121141812","content_text":"* Italy faces huge digital gap versus rest of Europe * Pandemic prompted sharp digital acceleration * Digital investment core element of EU recovery plan * Lifting growth essential to sustain debt burden By Valentina Za, Elisa Anzolin and Elvira Pollina MILAN, March 21 (Reuters) - Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic. But instead of burning through the cash to pay overdue rent and bills, Ecofiltri is investing the money on a technological revamp of its business. Already facing a longer-term switch to electric transport, the company was spurred to act after the virus crisis cut the number of drivers on the road. \"We've expanded our facilities, bought high-tech equipment and even created an R&D department where we are working on three projects we hope we can patent to provide more intelligent products and services,\" Ecofiltri co-founder Simone Scafetta told Reuters over a video call. Italy ranked fourth to last in the EU for digital competitiveness in 2019, according to the Digital Economy and Society Index (DESI). By forcing a huge technological acceleration on the country, the pandemic is offering Italy a one-off chance to boost its feeble productivity and economic growth. Faster economic expansion is essential for Rome to sustain the world's third-largest public debt which the pandemic has inflated to 1.6 times gross domestic product $(GDP)$. Research by Milan's Politecnico University shows Italy could add 1.9 percentage points a year on average to its GDP growth if its small- and medium-sized enterprises (SMEs) bridged a 40% gap versus Spanish peers measured by indicators ranging from e-commerce capabilities or electronic invoicing to use of big data. \"But the trick only works if businesses switch from a (crisis-driven) reactive approach to technology to a strategic one, and the environment where they operate evolves with them,\" said Giorgia Sali who heads Politecnico's research hub on SMEs and digital innovation. Italy estimates its businesses in recent years fell behind the rest of Europe in terms of digital investment by an amount roughly equal to 2 percentage points of GDP. The pandemic has brought a welcome shift, with 86% of Italian respondents in a survey of mid- to large-sized firms commissioned by Dell Technologies saying they sped up digital transformation plans in 2020, above a 75% European average. \"The pandemic has forced Italian companies to confront the country's huge digital gap,\" said Francesca Moriani, CEO of IT services provider VAR Group, adding Europe as a whole lags the United States and China. The euro zone's digital economy is only two-thirds the size of that in the United States. Encouragingly, 92% of SMEs polled by VAR Group expect to invest in digital capacity in the next two years, despite the blow to sales from the pandemic. RECOVERY FUNDS Italy's digital deficit has a number of roots. In a country where broadband access is below the EU average, large companies which can sustain programmes of technological investment make up only a tiny proportion of businesses. Many firms are family-owned and run, meaning they tend to lack managers with the right skills to lead a digital transformation. A European Central Bank study also highlighted funding constraints when businesses rely mostly on bank financing like in Italy, saying traditional lenders often struggle to evaluate the risk involved in projects based on complex technologies. Add to that an ageing population, and a very low share of ICT graduates - around 5,000 a year compared with around 18,000 in smaller Spain, according to Eurostat figures - and Italy has fallen behind in the digital race. To support the adoption of cutting-edge technologies by its companies and ultra high-speed connectivity, Rome has earmarked 46 billion euros in yet-to-be disbursed EU recovery funds for digital investments. It also offers tax breaks to firms seeking to boost digital spending and appointed former Vodafone CEO Vittorio Colao as its technology czar to oversee efforts in coming years. Like in Greece, the modernisation push also targets public services which Ecofiltri's Scafetta said set a bad example. \"We've given our staff palmtops and screens to share information non-stop and interact with customers ... people don't add value by walking next door to carry paper documents, like you see state employees do,\" he said. Located in the central Abruzzo region, Ecofiltri has found success by developing a process which gives a second life to diesel particulate filters. To fund its projects, which include sensors to more easily detect issues with its filters and a digital warehouse management system to feed information to its website and liaise with e-sellers such as Amazon, Ecofiltri last September borrowed 100,000 euros from Credimi, a fintech lending firm. Credimi says digital innovation is an important driver of credit demand it faces from SMEs. \"With a few exceptions, the pandemic has caught small- and mid-sized Italian businesses unprepared, sending them scrambling to catch up with digital progress,\" Fabio Troiani, CEO Italy and Global digital services at Milan-based BIP Consulting, said. \"For some it's become a matter of life and death.\" FALLING FURTHER BEHIND Many smaller Italian businesses are rising to the challenge. The share of SMEs using e-commerce in 2020 rose 50% to a third of the total, as first-time e-shoppers surged by 2 million during a nationwide lockdown last spring, according to data by Politecnico and e-commerce lobby Netcomm. Politecnico data also point to a 42% jump in cloud services for SMEs as remote workers increased by 11.5 times to 6.6 million. So far, Italian government programmes aimed at fostering digital investments have been mostly taken up by larger companies. The challenge is to bring onboard companies like Ecofiltri, which is one of more than 4 million Italian businesses with fewer than 10 staff, or 95% of the total. Small firms find it hard to attract people with the necessary skills in a country where ICT graduates make up only 1% of the total, the lowest in the EU, contributing to Italy scoring last in the DESI human capital index. \"It wasn't easy but we've brought in an engineer and the next person we hire must also be an engineer or they wouldn't fit our development plans,\" Scafetta said. Diego Ciulli, senior public policy manager at Google, warned that a failure to fill Italy's digital gap when consumers globally have turned to online channels would be more than a missed opportunity. \"The real risk is falling further behind,\" he said. \"If Italian wine producers wait for trade exhibitions to resume to find new foreign customers, while French ones get really good at selling their wine online you don't just lose a chance to grow, you lose market share.\" <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ DESI index 2020 SMEs selling online DESI Index Connectivity ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Additional reporting by Giuseppe Fonte in Rome; Graphics by Stefano Bernabei; Editing by Toby Chopra)((valentina.za@thomsonreuters.com; +39 02 6612 9526;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359920130,"gmtCreate":1616324358920,"gmtModify":1704792908920,"author":{"id":"3572006306360026","authorId":"3572006306360026","name":"Kohjw94","avatar":"https://static.tigerbbs.com/2a884b6167ae9c285619cb40bb64fc2e","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572006306360026","authorIdStr":"3572006306360026"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359920130","repostId":"2121141812","repostType":2,"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":359929442,"gmtCreate":1616324568586,"gmtModify":1704792911211,"author":{"id":"3572006306360026","authorId":"3572006306360026","name":"Kohjw94","avatar":"https://static.tigerbbs.com/2a884b6167ae9c285619cb40bb64fc2e","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572006306360026","idStr":"3572006306360026"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359929442","repostId":"2121145474","repostType":2,"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359929049,"gmtCreate":1616324424881,"gmtModify":1704792910229,"author":{"id":"3572006306360026","authorId":"3572006306360026","name":"Kohjw94","avatar":"https://static.tigerbbs.com/2a884b6167ae9c285619cb40bb64fc2e","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572006306360026","idStr":"3572006306360026"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359929049","repostId":"2121141812","repostType":2,"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359920130,"gmtCreate":1616324358920,"gmtModify":1704792908920,"author":{"id":"3572006306360026","authorId":"3572006306360026","name":"Kohjw94","avatar":"https://static.tigerbbs.com/2a884b6167ae9c285619cb40bb64fc2e","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572006306360026","idStr":"3572006306360026"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359920130","repostId":"2121141812","repostType":2,"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
