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Germany needs crisis mentality to close digital gap: Merkel ally

6 hours ago DieselGasoil Comments Off on Germany needs crisis mentality to close digital gap: Merkel ally
BERLIN/FRANKFURT (Reuters) – Germany’s thriving economy has lulled the country into a false sense of security that is hindering government efforts to close a digital technology gap with other leading economies, Chancellor Angela Merkel’s digital czar said on Tuesday. FILE PHOTO – Dorothee Baer, German Minister of State for Digitalization, attends a Reuters interview in Read More

Germany plans 3 billion in AI investment: government paper

6 hours ago DieselGasoil Comments Off on Germany plans 3 billion in AI investment: government paper
BERLIN (Reuters) – The German government has set aside around 3 billion euros for research and development of artificial intelligence, as Europe’s economic powerhouse seeks to close a gap in software-led innovation between it and America and Asia. The sum to be spent up to 2025, outlined in a draft paper seen by Reuters on Read More

More pain in store for Italian bonds: NN IP CIO

8 hours ago DieselGasoil Comments Off on More pain in store for Italian bonds: NN IP CIO
LONDON (Reuters) – Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment Partners’ chief investment officer said on Tuesday. Head of asset allocation at NN Investment Partners, Valentijn van Nieuwenhuijzen, speaks Read More

New Vodafone boss to cut costs, make more of masts

17 hours ago DieselGasoil Comments Off on New Vodafone boss to cut costs, make more of masts
LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would cut costs and seek to maximize the value of its masts and towers to drive higher returns at the world’s second largest mobile operator after taking charge last month. FILE PHOTO: A woman holds a phone as she passes a Vodafone store in London, Read More

Germany has set aside 1 billion euros to support battery cell production: minister

18 hours ago DieselGasoil Comments Off on Germany has set aside 1 billion euros to support battery cell production: minister
German Economy Minister Peter Altmaier arrives for a news conference of German Chancellor Angela Merkel following the Hesse state election in Berlin, Germany, October 29, 2018. REUTERS/Hannibal Hanschke BERLIN (Reuters) – Germany’s economy minister said on Tuesday his ministry had set aside around 1 billion euros ($1.12 billion) to support battery cell production in Europe’s Read More

Vodafone's new CEO to cut costs, review tower assets

19 hours ago DieselGasoil Comments Off on Vodafone's new CEO to cut costs, review tower assets
A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would reduce operating costs by 1.2 billion euros by 2021 and review its tower assets to drive returns after its organic revenue grew by 0.8 percent in the Read More

Rabobank explores sale of U.S. retail, wealth operations: sources

1 day ago DieselGasoil Comments Off on Rabobank explores sale of U.S. retail, wealth operations: sources
The Rabobank logo is seen at the entrance of its headquarters in Utrecht, Netherlands August 21, 2018. REUTERS/Eva Plevier (Reuters) – Dutch cooperative lender Rabobank is exploring the sale of its retail and wealth management operations in the United States in a deal that could top $1 billion, people familiar with the matter said on Read More

Selfie-inflicted wound: France will scour social media to catch tax cheats

2 days ago DieselGasoil Comments Off on Selfie-inflicted wound: France will scour social media to catch tax cheats
Posing with luxury goods could soon land you in hot water in France as tax authorities are set to start trawling through citizens’ social media accounts, scouring for evidence of tax avoidance and fraud. Budget Minister Gerald Darmanin announced that the pilot project will begin early next year. “(The fiscal administration) will be able to Read More

VW capable of building 50 million electric vehicles: CEO in Automobilwoche

2 days ago DieselGasoil Comments Off on VW capable of building 50 million electric vehicles: CEO in Automobilwoche
FILE PHOTO: FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018./File Photo/File Photo FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) electric vehicle platform and battery procurement plans are being readied to handle production of 50 million vehicles, Chief Executive Herbert Diess told German trade publication Read More

'King dollar' benefits from European risks, growth fears

2 days ago DieselGasoil Comments Off on 'King dollar' benefits from European risks, growth fears
LONDON (Reuters) – The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the highly liquid and high-yielding currency against a backdrop of global growth worry and rising political risk in Italy and Britain. People walk past the entrance of the London Stock Exchange in London, Read More