Aswat Asharq Al-Awsat :

Aswat Asharq Al-Awsat : 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)
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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.

 

 

 

 

 

 



Aswat Asharq Al-Awsat : Russian Cybersecurity Firm Kaspersky to Exit US

3D printed models of people working on computers and padlock are seen in front of a displayed Kaspersky logo in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/File Photo Purchase Licensing Rights
3D printed models of people working on computers and padlock are seen in front of a displayed Kaspersky logo in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/File Photo Purchase Licensing Rights
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Russian Cybersecurity Firm Kaspersky to Exit US

3D printed models of people working on computers and padlock are seen in front of a displayed Kaspersky logo in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/File Photo Purchase Licensing Rights
3D printed models of people working on computers and padlock are seen in front of a displayed Kaspersky logo in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/File Photo Purchase Licensing Rights

Russia's Kaspersky Labs will leave the United States, according to a pop-up seen by users on the anti-virus software maker's US website, nearly a month after the Biden administration announced plans to bar sales of the company in the country.

Last month, US Commerce Secretary Gina Raimondo announced plans to bar the sale of anti-virus software made by Kaspersky in the country, citing security risks posed by Russia's influence on the cybersecurity company.

Kaspersky did not immediately respond to a Reuters request for comment.

The government also slapped sanctions in June on Kaspersky's senior leadership, including the chief business development officer, chief operating officer, legal officer and corporate communications chief, citing cybersecurity risks.

CNN on Monday reported that Kaspersky Labs will "gradually wind down" its US operations and lay off US-based employees, starting July 20.

Kaspersky's US website did not allow consumers to purchase any products, citing "purchase is unavailable for US customers".

The new restrictions by the US government on inbound sales of Kaspersky software, which would bar downloads of software updates, resales and licensing of the product, will come into effect on Sept. 29.

New US business for Kaspersky are to be blocked 30 days after the restrictions were first announced on June 20.