عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

Amazon Invests $11 Billion to Expand Cloud and Logistics in Germany

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. (Reuters)
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. (Reuters)
TT
TT

Amazon Invests $11 Billion to Expand Cloud and Logistics in Germany

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. (Reuters)
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. (Reuters)

Amazon will invest 10 billion euros ($10.75 billion) as demand for its cloud services and retail goods in Europe's biggest economy keeps growing, the US technology and retail company said on Wednesday.

The greater part of the sum, 8.8 billion euros, will be spent by 2026 to expand the cloud infrastructure of its computing unit Amazon Web Service (AWS), as it sees rising potential in Artificial Intelligence (AI)-driven technologies in Europe, Reuters reported.

German Chancellor Olaf Scholz praised the investment that would create more than 4,000 jobs this year by saying it underlines the country's attractiveness for investors.

Berlin is dealing with an economic downturn triggered by high energy costs and interest rates, as well as under-investment due in part to red tape.

The announcement brings the total amount of Amazon's planned investments in Germany to 17.8 billion euros.

AWS was considering multi-billion investments in the expansion of its data centres in Italy, Reuters reported in May.

 

 

 

 

 

 

Most Viewed

 
 
Technology

EU to Assess if Apple's iPad OS Complies With Bloc's Tech Rules

30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)
30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)
TT
TT

EU to Assess if Apple's iPad OS Complies With Bloc's Tech Rules

30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)
30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)

EU antitrust regulators will assess whether Apple's operating system for iPads comply with the bloc's landmark rules aimed at reining in the power of Big Tech, the European Commission said on Monday.
The move by the EU executive, which acts as the bloc's competition enforcer, followed Apple's publication of a compliance report for its iPad OS, designated by the commission in April as an important gateway for businesses to reach their customers, Reuters said.
"The Commission will now carefully assess whether the measures adopted for iPad OS are effective in complying with the DMA obligations," the EU antitrust watchdog said in a statement.
"The Commission's assessment will also be based on the input of interested stakeholders," it said.
Apple did not immediately respond to request for comment
The Digital Markets Act (DMA), which came into force earlier this year, requires Apple to allow users to set the default web browser of their choice on iPads, permit alternative app stores on its operating system and allow headphones and smart pens to access iPad OS features.
DMA breaches can cost companies fines as much as 10% of their global annual turnover.