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Reeves announces £8bn UK investment by Amazon's cloud computing arm
Chancellor says move will create as many as 14,000 jobs at firm's datacentres and in a range of other industries Amazon's cloud computing arm will invest £8bn in the UK to build datacentres that support customers in London and the west of England, Rachel Reeves said on Wednesday. The chancellor
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Amazon to invest GBP8B in UK in boost for new Labour govt
LONDON (AFP) - US tech giant Amazon is to invest GBP8 billion (USD10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced on Wednesday. The announcement is a welcome boon for Britain's recently elected Labour
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Amazon Web Services announces a significant £8 billion investment in the UK's cloud computing infrastructure, marking a major boost for the country's tech sector and the new Labour government.

Amazon Web Services (AWS), the cloud computing arm of tech giant Amazon, has announced plans to invest £8 billion ($10 billion) in the United Kingdom's cloud computing infrastructure by 2025. This significant investment was revealed by the UK Chancellor of the Exchequer, Rachel Reeves, marking a substantial boost for the country's technology sector
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.The investment is expected to create an estimated 4,000 new jobs in the UK, further strengthening the country's position as a leading tech hub in Europe. Chancellor Reeves emphasized that this move would support high-skilled jobs across the country and bolster the UK's status as a global leader in emerging technologies such as artificial intelligence
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.This announcement comes as a welcome development for the new Labour government, which has been seeking to attract major investments to boost economic growth. The timing of AWS's commitment is seen as a vote of confidence in the UK's business environment under the new administration
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.AWS has been steadily increasing its footprint in the UK since launching its first infrastructure region in the country in 2016. The company already operates data centers in London, Essex, and Manchester. This new investment will likely lead to the expansion of existing facilities and the construction of new ones to meet the growing demand for cloud services
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.In line with global efforts to combat climate change, AWS has stated that its UK operations are powered by 100% renewable energy. The company has also committed to achieving net-zero carbon emissions by 2040, demonstrating its dedication to sustainable business practices
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The investment is expected to have a ripple effect across the UK's digital economy. By enhancing the country's cloud computing capabilities, AWS will provide businesses, from startups to large enterprises, with access to advanced technologies and services. This could potentially drive innovation and competitiveness across various sectors of the UK economy
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.This substantial investment in the UK comes amid increasing global competition for tech investments. It underscores the UK's continued attractiveness as a destination for major tech companies, despite challenges such as Brexit and global economic uncertainties
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