Tag Archives: Germany government

Germany says Europe’s largest economy is in ‘troubled waters’ and cuts its growth forecast

FRANKFURT, Germany (AP) — The German government said Europe’s largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects — while a relatively modest set of tax breaks for business remains blocked in the legislature. The …

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German chancellor welcomes Microsoft’s $3.5 billion AI investment in Germany

BERLIN (AP) — German Chancellor Olaf Scholz welcomed an announcement Thursday by Microsoft that it would invest almost 3.3 billion euros ($3.5 billion) in Germany over the next two years to massively expand its data center capacities for applications in the field of artificial intelligence and cloud computing. “This is a really good commitment to progress, to growth, to modernity …

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