Latest news with #Bonn-based
The Star
3 days ago
- Business
- The Star
Deutsche Telekom partnering with Nvida, Brookfield on AI data centre -CEO
(Reuters) -Deutsche Telekom is partnering with Nvidia and Canadian private equity fund Brookfield in a bid to build one of the EU's AI "gigafactories" in North Rhine-Westphalia, Germany, its chief executive said on Thursday. "We have partnerships with Brookfield and also with Nvidia – these are our big partners for this gigabit factory," CEO Tim Hoettges said in a call with reporters following the company's second quarter results. Although discussions with North Rhine-Westphalia about building the data processing center in the state are ongoing, a final decision has yet to be made. "This is where we currently see our factory. But, of course, that could still change during the selection process," Hoettges said, adding that the company would proceed as quickly as possible once a decision is reached. The company is looking at existing production sites where electricity and water regulatory approvals are already in place, Hoettges said. "Discussions are happening here, for example with RWE," he said. In May, the Bonn-based company said it had teamed up with SAP, web hosting firm Ionos, and unlisted retailer Schwarz, but in June it was reported the companies would submit separate EU bids instead. Hoettges dismissed media reports that it had been in talks to join such a consortium. "It's a good thing that there is competition in Germany," he said. (Reporting by Marleen Kaesebier and Maria Rugamer in Gdansk; Editing by Matt Scuffham)
Yahoo
3 days ago
- Business
- Yahoo
Deutsche Telekom partnering with Nvida, Brookfield on AI data centre -CEO
(Reuters) -Deutsche Telekom is partnering with Nvidia and Canadian private equity fund Brookfield in a bid to build one of the EU's AI "gigafactories" in North Rhine-Westphalia, Germany, its chief executive said on Thursday. "We have partnerships with Brookfield and also with Nvidia – these are our big partners for this gigabit factory," CEO Tim Hoettges said in a call with reporters following the company's second quarter results. Although discussions with North Rhine-Westphalia about building the data processing center in the state are ongoing, a final decision has yet to be made. "This is where we currently see our factory. But, of course, that could still change during the selection process," Hoettges said, adding that the company would proceed as quickly as possible once a decision is reached. The company is looking at existing production sites where electricity and water regulatory approvals are already in place, Hoettges said. "Discussions are happening here, for example with RWE," he said. In May, the Bonn-based company said it had teamed up with SAP, web hosting firm Ionos, and unlisted retailer Schwarz, but in June it was reported the companies would submit separate EU bids instead. Hoettges dismissed media reports that it had been in talks to join such a consortium. "It's a good thing that there is competition in Germany," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Etihad
11-06-2025
- Science
- Al Etihad
World sees second-warmest May on record
11 June 2025 14:02 BERLIN (dpa)May 2025 was the second-hottest May on record worldwide, with a global average temperature of 15.79 degrees Celsius, just 0.12 degrees below the record set in May 2024, according to the EU's Copernicus Climate Change temperature was 1.4 degrees Celsius above the estimated pre-industrial average for 1850-1900, the Bonn-based agency said on of north-west Europe experienced an exceptionally dry spring, including March, April and May with the lowest rainfall and soil moisture levels since at least Climate Change Service regularly publishes data on surface temperatures, sea ice cover and findings are based on computer-generated analyses of measurements from satellites, ships, aircraft and weather stations worldwide. Much of the data dates back to 1950, with some records reaching further back.
Yahoo
11-06-2025
- Science
- Yahoo
World sees second-warmest May on record
May 2025 was the second-hottest May ever recorded worldwide, with a global average temperature of 15.79 degrees Celsius, just 0.12 degrees below the record set in May 2024, the EU's Copernicus Climate Change Service reported. The temperature was 1.4 degrees Celsius above the estimated pre-industrial average for 1850-1900, the Bonn-based agency said on Tuesday. Parts of north-west Europe experienced an exceptionally dry spring, including March, April and May with the lowest rainfall and soil moisture levels since at least 1979. Copernicus Climate Change Service regularly publishes data on surface temperatures, sea ice cover and precipitation. Its findings are based on computer-generated analyses of measurements from satellites, ships, aircraft and weather stations worldwide. Much of the data dates back to 1950, with some records reaching further back.
Yahoo
27-05-2025
- Business
- Yahoo
Keep spending on 'top-heavy' German military in check, auditors argue
The German military is set to receive a huge boost in funding in the coming years - but the money must be spent wisely to avoid spiralling costs, the Federal Court of Audit said on Tuesday. In a special report, the Bonn-based agency warned that a "signal of unlimited willingness to incur debt" could lead prices in the defence industry to soar. "Incentives for the industry to charge higher prices for the same services can now be expected due to the almost unlimited availability of financial resources and increased demand," the office said. Germany passed a landmark reform to strict constitutional rules on deficit spending in March, allowing the new government to boost military expenditure. Chancellor Friedrich Merz is also pushing for a new target for NATO members to spend at least 3.5% of their gross domestic product (GDP) on defence, with an additional 1.5% on infrastructure. The developments, linked to Russia's ongoing war in Ukraine and a US foreign policy shift under President Donald Trump, have led defence stocks in Germany to surge. However, the auditors warned that "a permanent and solid financing of Germany's defence capability is not guaranteed by a budget that is heavily financed by debt and therefore structurally unsustainable." The report also warned that the German military - known as the Bundeswehr - has become "top-heavy" and requires a greater number of regular soldiers. While the Bundeswehr in 2024 had 60,000 fewer soldiers than in 2010, a decrease of 24%, the number of officers rose by 5%.
