Upbeat earnings lift European stocks

Upbeat earnings lift European stocks
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)Oct 25 (Reuters) - European stocks rose on Tuesday after a slew of better-than-expected earnings reports helped offset worries about fast rising interest rates and a slowing euro zone economy.The pan-European STOXX 600 index rose 0.5% by 0717 GMT, with media and technology stocks countering losses in chemical firms.SAP gained 3.9% after the German business software maker reported faster-than-expected revenue growth for the third quarter, while Logitech International rose 4.8% after the computer peripherals maker reaffirmed its full-year forecast.UBS climbed 3.5% after the Swiss bank beat market expectations for quarterly profit due to a rise in new money inflows.Among decliners, German chemicals maker Covestro fell 1.9% after it cut its 2022...

Cloud computing: Microsoft sets out new data storage options for European customers

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Microsoft president Brad Smith has announced a new pledge for EU commercial customers, allowing them to store and process most of their data within the EU by the end of 2022. With the transatlantic Privacy Shield data transfer framwork in tatters, Microsoft is trying a new approach with a promise that European government and commercial customers can keep all their data in Microsoft's core cloud services in data centers located within the EU.  "If you are a commercial or public sector customer in the EU, we will go beyond our existing data storage commitments and enable you to process and store all your data in the EU," said Smith in a blogpost today. "In other words, we will not need to move your data outside the EU," he added. SEE: IT Data Center Green Energy Policy (TechRepublic Premium)Microsoft and other cloud providers...

Why now is the right time to invest in European quantum computing

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John Martinis, the lead scientist who built Google’s first computer to achieve quantum supremacy, recently left the tech giant to join Silicon Quantum Computing, a 2017-founded startup based in Sydney. Meanwhile Terra Quantum, a Swiss-based quantum computing startup, has celebrated another big hire with high-profile physicist Valerii Vinokur from the Argonne National Laboratory in the US. “There is a trend for academics going to startups now, and it is a good sign when the seasoned professionals start joining.” Both moves are a sign that smaller startups are able to compete with the big players in the brewing war for talent in the quantum sector, as the industry begins to get out of the lab towards commercial applications. Markus Pflitsch, cofounder Terra Quantum, says that big shot professors joining startups is a sign that smaller...