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Google will invest $1 billion on building a data centre just outside of London, the US technology giant said on Thursday, in its latest investment in Britain as it meets growing demand for internet services in the region. The data centre , located on a 33-acre (13-hectare) site bought by Google in 2020, will be located in the town of Waltham Cross, about 15 miles north of central London, the Alphabet-owned company said in a statement. The British government, which is pushing for investment by businesses to help fund new infrastructure, particularly in growth industries like technology and artificial intelligence, described Google's investment as a "huge vote of confidence" in the UK. "Google's $1 billion investment is testament to the fact that the UK is a centre of excellence in technology and has huge potential for growth," Prime Minister Rishi Sunak said in the Google statement. The investment follows Google's $1 billion purchase of a central...

ISTANBUL: Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. It did not specify when the invest ment would be made. Evans also said Alibaba has invest ed $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best known e-commerce platforms, the statement said. Erdogan is in the United States to attend the 78th session of the U.N. General Assembly. Trendyol, whose president Caglayan Cetin also met with Erdogan, said Evans shared details about new invest ments such as a data centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport. Source: https://thefoxposts.com/alibaba-tells-erdogan-it-plans-to-invest-2-billion-in-turkey-TheFOXposts-35890.html?utm_source=blogger_source&utm_medium=blogger_medium...

BERLIN: Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions. The European Union has set a goal to halve CO2 emissions per passenger car over their life cycle by the end of this decade compared to 2020 and is seeking agreement on a 2035 deadline to end the sale of fossil fuel cars. Mercedes has said it will be ready to go electric by the end of the this decade, where market conditions allow. "We are invest ing a three-digit million amount per plant for the run up," production manager Joerg Burzer was quoted as saying by the magazine, adding that these invest ments will be at the plants in Beijing, Rastatt in Germany and Kecskemet in Hungary. The carmaker will start work on the Rastatt plant over the coming months and will produce the first model of the compact vehicle platform MMA ...