Deutsche Telekom (DTE GY) and Alphabet's (GOOGL) Google are distancing themselves from the sovereign cloud partnership for the German government and firms, Handelsblatt reports citing sources. Google said to be in talks with a new partner for the deal.
The distancing of Deutsche Telekom and Alphabet's Google from the German government's sovereign cloud partnership signals potential disruptions to key tech infrastructure initiatives.
CNB says headline inflation has picked up and will be between 2-3% for the remainder of 2026 due to the Middle East conflict; policy is restrictive despite the recent rise
US MBA Mortgage Applications (May/08) 1.7%
Deutsche Telekom (DTE GY) and Alphabet's (GOOGL) Google are distancing themselves from the sovereign cloud partnership for the German government and firms, Handelsblatt reports citing sources. Google said to be in talks with a new partner for the deal.
US intelligence reportedly indicates that Iran has restored operational capacity at 30 missile sites across the Strait of Hormuz, Semafor reports citing NYT
NBP's Litwiniuk says a rate rise is more likely than a rate cut this year
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If Google secures a new partner, it could reshape competitive dynamics in the German market, impacting investor sentiment towards both companies and potentially affecting share prices in the broader telecommunications and tech sectors.
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