Business

Cost controls, luxury sales help Daimler weather pandemic

Car and truck maker Daimler increased its profits by 48% to 4.0 billion euros ($4.8 billion) in 2020 thanks to extensive cost-cutting and a sales recovery in the second half for its highly profitable Mercedes-Benz luxury ...

Automotive

Ferrari vows to roar back in 2021

Italian luxury car maker Ferrari said on Tuesday it expected sales and margins to bounce back in 2021, following a year marked by a production hiatus due to coronavirus.

Business

ASML earnings up despite pandemic

World leading Dutch microchip machine maker ASML said Wednesday it managed to chalk up strong growth last year despite the coronavirus pandemic as demand for equipment for online services at home kept electronics manufacturers ...

Business

France fines Google, Amazon 135 mn euros

France's CNIL data privacy watchdog slapped 135 million euros in fines on US tech titans Google and Amazon for placing advertising cookies on users' computers without consent.

Machine learning & AI

Spain to invest 600 mn euros in artificial intelligence

Spain is to invest 600 million euros (725 million dollars) in developing artificial intelligence over the next two years as part of plans to transform its national economy, the premier said Wednesday.

Business

Nokia doubles profit, pledges 'to win' at 5G

Finnish telecoms equipment maker Nokia more than doubled its profits in the third quarter as its new chief executive promised on Thursday to do "whatever it takes" to become the 5G market leader.

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