investments

    • Google spends €1bn over German cloud centres

      Google spends €1bn over German cloud centres

      The technological conglomerate Google announced it intended to invest some one billion euros by 2030 to upgrade its cloud computing infrastructure in Germany and further boost the usage of renewable energy sources. Google noted it planned to raise new cloud computing centres in the Berlin region and in the town of Hanau, close to the DE-CIX data exchange in Frankfurt, AP reported.

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    • Samsung vows to invest $206bn by 2023

      Samsung vows to invest $206bn by 2023

      The technological conglomerate Samsung announced it would invest some 206 billion dollars by 2023 to boost the its post-pandemic recovery. The company confirmed it would expand its influence in areas like biopharmaceuticals, artificial intelligence, semiconductors and robotics, Reuters reported.

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    • Barclays pays out over $1bn to investors

      Barclays pays out over $1bn to investors

      The UK Baclays announced it would give out more than one billion dollars to investors following a strong rebound in its financial results. The earmarked sum will be disbursed in the form of dividents and stocks buybacks, Reuters elaborated. The investment bank easily beat all forecasts related to its performance in the first half of 2021.

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    • Norway to spend $1.2bn on renewable projects abroad

      Norway to spend $1.2bn on renewable projects abroad

      Norway announced it would channel some 10 billion crowns ($1.16 billion) in the next five years to fund renewable energy investments based in developing countries. The initiative is aimed to to cut greenhouse gas emissions worldwide, Reuters reported. The Norwegian climate fund, administered by the Norwegian Investment Fund for developing countries, from 2022 will back projects to reduce dependence on fossil-fuels, especially coal.

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    • Biden passes $1.2tn infrastructure plan

      Biden passes $1.2tn infrastructure plan

      US Senate reached a long awaited deal that will pour massive funds in the infrastructure development of the country, BBC reported. The $1.2tn infrastructure plan is considered to be a key political victory for the President Joe Biden. "We have a deal," said the president after meeting the cross-party group of senators at the White House. Under the eight-year a finance scheme targeted at road construction, bridges, the power grid, public transport and internet will be implemented.

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    • European Innovation Fund equity investments exceed €500m

      European Innovation Fund equity investments exceed €500m

      The European Commission announced the second round of direct equity investment through the European Innovation Council (EIC) Fund. Since it was launched in 2020, the EIC Fund has already approved 111 investments in highly innovative start-ups and small and medium-sized businesses (SMEs) totalling more than €500 million to scale up breakthrough innovations in areas such as health, circular economy, and Internet of Things (IoT).

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    • US seeks European allies to curb Chinese investments

      US seeks European allies to curb Chinese investments

      The US Secretary of State Antony Blinken noted that not all doors for Chinese capital and investment flows to the United States and Europe should be left open. US will further seek European backing to reduce the influence of China in key sectors related to hi-tech and defense. Blinked confirmed that the West had to be very careful about the exact nature of Chinese investment in Western economies and think very carefully about investments in strategic assets.

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    • Intel vows another $600m investment in Israeli chip R&D

      Intel vows another $600m investment in Israeli chip R&D

      Intel earmarked further investments amounting at 600 million dollars to finance its Research and Development plans in Israel and confirmed further 10bn in a new chip enterprise, Reuters reported. The announcement was done by Intel Chief Executive Pat Gelsinger. At present Intel is implementing a $400m investment plan to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.

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