Tag: Europe

News Tech

Amazon to launch cloud services in Europe

Amazon Web Services on Wednesday, said that it would introduce a sovereign cloud in Europe for use by the government and clients in sectors with strict regulations. According to a statement from Amazon’s cloud computing division, the sovereign cloud will use servers housed in the European Union to store data, and only EU citizens working […]

Global stock markets find balance amid European equities
News

Global stock markets find balance amid European equities

Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns about a proposed bank profit tax. Meanwhile, the dollar experienced a slight decline as new economic data highlighted shifts in the Chinese economy. As Wall Street opened to mixed sentiments, the Nasdaq and […]

Google launches Bard chatbot in Nigeria
News Tech

Google launches AI chatbot in Europe, Brazil

Alphabet on Thursday, announced that it would launch Bard, an artificial intelligence chatbot, in Europe and Brazil. The product’s biggest growth since its February introduction, pitting it against ChatGPT, a rival supported by Microsoft. With the help of generative artificial intelligence, human-sounding programmes like Bard and ChatGPT can converse with users and respond to a […]

Amazon launches general-purpose AI agent Nova Act
Business

Amazon to open more warehouses in Europe

Amazon is planning to increase its presence in Europe by opening new warehouses and hiring more employees, despite the global economic downturn leading to cost-cutting measures and layoffs. According to Reuters, the company has invested €142 billion in Europe since 2010 and has seen growth in the region due to increased online shopping during COVID-19 […]

Ford logo
Business

Ford launches electric Courier van in Europe 

Ford Motor Co has launched a new electric Courier van for European business customers in an attempt to compete with electric van startups such as Arrival SA. According to Ford, the revamped lineup of smaller commercial vans for the European market will also include gasoline and diesel models. The chief of Ford Pro,Ted Cannis explained […]

Workers are participating in industrial action - Strike
Business

Hundreds of flights cancelled over German airport strike

German airport’s strikes over pay and work conditions have resulted in the cancellation of hundreds of flights on Friday. In addition to the most recent industrial action disrupting travel plans for some time now, strikes have taken place at four German airports. Reuters reported that German union Verdi called on security and ground handling personnel […]

People take part in the Global Climate Strike of the movement Fridays for Future, in Berlin, Germany, March 3, 2023. (File/AFP)
Business

Germany may lose €900bn to climate change by 2050

Climate change may cost Europe’s biggest economy, Germany, about 900 billion euros in cumulative economic damage by 2050. This is according to a study that came out on Monday, as Germany seeks climate adaptation measures to cut the damages bill that would be caused by the extreme weather conditions. Reuters reported that this study by […]

What we'll do if Putin cuts gas supply - EU
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What we’ll do if Putin cuts gas supply – EU

The European Union has revealed its next move if Russia’s President, Vladimir Putin, stops the supply of gas to Europe. It would be recalled that Russian gas giant, Gazprom, on Friday said that the Nord Stream pipeline linking Russia to northern Germany, which was due to resume service Saturday after a three-day interruption for maintenance […]