About: http://data.cimple.eu/news-article/35990276feed39a55336127d5acbea1f565c77d9457cac4e16c588ee

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Deutsche Bank said Tuesday it is planning a partnership with Google where the US technology giant will provide cloud computing capabilities to Germany's largest lender, a market in which Europe is struggling to establish a foothold. The companies have signed a letter of intent and plan to sign "a multi-year contract within the next few months", Deutsche Bank said in a statement. The Frankfurt-based lender said it hopes to use Google's technology to improve cash flow forecasting, risk analytics and account security, and other tasks. The tie-up came just days after German Chancellor Angela Merkel said that building up digital sovereignty would be one of three key goals for Europe's biggest economy while it holds the EU's rotating presidency. Europe must have "world-class skills in key digital technologies" and its own reliable data infrastructure, the official programme for the EU presidency said. The 27-member bloc has been watching in dismay at the growing digital dominance by US giants including Amazon, Google and Microsoft. Fears also grew over questions of privacy when the US congress adopted the so-called Cloud Act, which allows American law enforcement authorities to request data stored by cloud providers even if held outside the US. In a bid to counter US dominance in the field, France and Germany in 2019 launched the Gaia-X cloud project. bur-fec/hmn/spm
schema:headline	Deutsche Bank teams up with Google in cloud services
schema:mentions	Digital media Cloud computing Chancellor of Germany Deutsche Bank USA Gymnastics Prime Video Angela Merkel Google Microsoft Germany European Union Cash flow forecasting CLOUD Act Law of the United States Data infrastructure Presidency of the Council of the European Union Information privacy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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