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

ASML stock tanks after posting drop in sales, orders

Shares in ASML plunged Wednesday after the Dutch tech giant posted a decline in third-quarter sales and orders, as the semiconductor industry battles headwinds from a trade spat between the West and China.

Business

Air France to cut 40% of domestic flights after bailout

Air France-KLM will slash 40 percent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, the company's chief ...

Business

Why is the ECB eyeing a 'digital euro'?

The European Central Bank will on Monday launch a public consultation and start experiments to help it decide whether to create a "digital euro" for the 19-nation currency club.

Automotive

Former boss to pay Volkswagen record sum over Dieselgate

Former Volkswagen chief executive Martin Winterkorn will pay the auto giant a record mulimillion sum to settle a negligence claim surrounding the "Dieselgate" emissions scandal, informed sources said Sunday.

Business

Inside the ECB's secret lab to sniff out fake euro bills

On the 23rd floor of the European Central Bank's towering Frankfurt headquarters, on the other side of a security door, anti-counterfeiting experts are poring over some of the best fake banknotes in the eurozone.

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