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Babette Albrecht, the mother of Nicolay Albrecht, who is suing her and other members of his family. Rolf Vennenbernd/picture alliance via Getty ImagesThe grandson of one of Aldi’s founders is suing his mother and at least two of his sisters, claiming they embezzled millions from a family trust. Nicolay Albrecht said the family withdrew millions of euros from the Jakobus Stiftung, which controls 19.5% of Aldi Nord’s shares. Aldi Nord covers around half of the discount grocer’s 10,000 stores, and acquired Trader Joe’s in 1979. The Jakobus Stiftung has four board members, and three of these are family. Visit Business Insider's homepage for more stories. An heir to the Aldi discount grocery empire is suing his close family, accusing them of embezzling millions of euros. Nicolay Albrecht, the grandson of one of Aldi's founders, filed a criminal complaint against his mother, at least two of his sisters, and their lawyers, Germany newspaper die Süddeutsche Zeitung reported. In his one-page criminal complaint, Nicolay said the family illegally withdrew millions of euros from the Jakobus Stiftung, one of the three foundations that hold his side of the family's shares in the Aldi Nord group. Aldi Nord owns just under half of
Satya Nadella, chief executive officer of Microsoft Corp. Grant Hindsley | Bloomberg | Getty Images Microsoft on Tuesday announced developer tools for enhancing applications with calling and texting capabilities at its Ignite conference for IT workers. The launch demonstrates one of the ways Microsoft is trying to grow its cloud business by entering smaller individual markets. The company might persuade existing customers to try these tools instead of forming relationships with smaller software companies. The collection of Azure Communications Services from Microsoft includes application programming interfaces that make it possible for third-party applications to make voice and video calls, exchange chat messages, send text messages, and create phone numbers for inbound and outbound calls. Companies such as 8x8, RingCentral and Twilio already offer some of these capabilities. Amazon Web Services (AWS), the largest cloud infrastructure provider, offers developer services for embedding text messaging and video calling into customers' applications. Microsoft executives have said the company would not compete with its own customers. Twilio's main cloud provider is not Microsoft. The company relies on AWS for the vast majority of its cloud infrastructure needs. RingCentral uses its own data center infrastructure, while 8x8 draws on a combination of its
Peloton is in a race for its life. Shares of the fitness company tumbled by nearly 4 percent on Tuesday after its rival Echelon announced that it had teamed up with Amazon to sell a new stationary bike, called Prime Bike. The $499 bike represents Amazon’s first foray into a connected fitness product with a price tag that’s about a quarter the cost of a Peloton bike. The Prime Bike is being dubbed as a Peloton knockoff because it includes many of the same features as the luxury bike without the built-in screen. Instead, Echelon customers use their own tablets to follow along with virtual spinning classes. “The Prime Bike was developed in collaboration with Amazon, aiming to create an amazing, connected bike for less than $500 and it’s proven to be a phenomenal match,” said Echelon chief executive, Lou Lentine in a statement. “Amazon looking to us to partner on their first-ever connected fitness product is recognition of our commitment to deliver quality at a reasonable price-point as reflected in our explosive growth over the last year.” Shares of Pelaton are still up more than 200 percent this year on growing demand for its indoor exercise equipment due to the coronavirus. The stock recently traded down 1.5 percent to $93.31. According to TechCrunch, the Prime Bike isn’t exclusive to Amazon. Walmart is selling a version of the same bike under the name Connect Sport Bike, also for $500, TechCrunch said.
NEW YORK (REUTERS) - The death toll from the spread of the coronavirus in the United States exceeded 200,000 on Tuesday (Sept 22), by the far the highest number of any nation. The United States, on a weekly average, is now losing about 800 lives each day to the virus, according to a Reuters tally. That is down from a peak of 2,806 daily deaths recorded on April 15. During the early months of the pandemic, 200,000 deaths was regarded by many as the maximum number of lives likely to be lost in the United States to the virus. On Monday, US President Donald Trump said he had done a phenomenal job on the pandemic that has infected nearly 6.9 million Americans. "It affects virtually nobody. It's an amazing thing," Trump told supporters at a Swanton, Ohio, campaign rally Monday night. "It affects ... elderly people with heart problems and other problems - if they have other problems that's what it really affects, that's it." Trump has admitted to playing down the danger of the coronavirus early on because he did not want to "create a panic". With barely six
Sydney, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Just released, this edition of Paul Budde Communication’s focus report on Germany outlines the major developments and key aspects in the telecoms markets. Read the full report: https://www.budde.com.au/Research/Germany-Data-Center-Market-Investment-Analysis-and-Growth-Opportunities-2020-2025 Germany is among one of the most regulated countries for cloud computing in Europe. The cloud data center spending in Germany is estimated to be over $8 billion in 2020. The spending on IaaS and SaaS is likely to increase by over 20% in 2020 compared to 2019. Moreover, the GDPR is driving investments and the regional cloud network development in Germany. In an attempt to boost digitalization, the German government is likely to spend around $4 billion on artificial intelligence products and services by 2025. Similar investments from private companies are likely to make Germany a leading AI market. Equinix, Interxion, Digital Realty, and NTT Global Data Center are among the major revenue contributors in the market. What is the Impact of the Current COVID-19 Pandemic in the Germany Market? The pandemic has already postponed the construction of new facilities and halted the ongoing construction of facilities across Germany. The data center market in Germany is likely to witness supply chain issues, as many vendors are