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Germany, France hope cloud data project to boost sovereignty

Germany and France on Thursday launched a project to set up a European cloud computing platform that they hope will enhance European economic sovereignty in the wake of the coronavirus crisis and break the continent's dependence ...

German car sales slashed in half in May: official data

German new car registrations plummeted by almost 50 percent year-on-year in May, official data showed Thursday, with virus lockdowns hitting the vital industry hard ahead of a massive new economic stimulus package.

CES global gadget fest on track despite pandemic

Consumer Electronics Show organizers said Wednesday that they are going ahead with plans to bring together people from around the world at a massive annual gathering in Las Vegas.

Warner Music surges in Nasdaq debut after IPO raises $1.9 bln

Warner Music Group, one of the globe's "big three" recording companies, jumped in its market debut Wednesday after raising more than $1.9 billion in an initial public offering that underscores how streaming has reinvigorated ...

Zoom booms as pandemic drives millions to its video service

Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic.

Lufthansa reports net loss of 2.1 bn euros in Q1

German airline giant Lufthansa said Wednesday it will undergo "far-reaching" restructuring as it posted a first-quarter net loss of 2.1 billion euros ($2.3 billion) on Wednesday, hammered by the coronavirus pandemic.

France slams Ryanair 'blackmail' over job ultimatum

France on Tuesday denounced as "blackmail" an ultimatum from low-cost carrier Ryanair for its French employees to choose between a five-year pay cut or a number of redundancies in an escalating labour dispute.

AI stock trading experiment beats market in simulation

Researchers in Italy have melded the emerging science of convolutional neural networks (CNNs) with deep learning—a discipline within artificial intelligence—to achieve a system of market forecasting with the potential ...

France approves five billion euro emergency loan for Renault

The French government said Tuesday that it had signed off on a state-backed loan of five billion euros ($5.6 billion) for carmaker Renault, where the coronavirus crisis has compounded months of management turbulence and prompted ...

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