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German business urges 'new beginning' after election
German business urges 'new beginning' after election
by  AFP

German business leaders called Monday for the swift formation of a new ruling coalition to usher in a "new beginning" for Europe's crisis-wracked top economy after the conservatives' election win. After political paralysis under the last government, there are hopes that conservative election winner Friedrich Merz can quickly build a more stable coalition capable of driving much-needed reform.

China's Alibaba to invest $50 bn in AI, cloud computing
China's Alibaba to invest $50 bn in AI, cloud computing
by  AFP

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Alibaba plans to "invest at least 380 billion yuan ($53 billion) over the next three years to advance its cloud computing and AI infrastructure", a company statement said.

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