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Oil prices added Thursday to steep gains fuelled by OPEC's deal to cut crude output, but analysts doubted the cartel's ability to seriously tackle a supply glut. Following a meeting that included Russia, the Organization of the Petroleum Exporting Countries stunned markets Wednesday by saying it planned to trim total production by some 750,000 barrels per day. The cartel's announcement of a first official reduction in eight years sent crude prices surging six percent Wednesday, while energy firms across the globe have seen their share prices soar.
Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google's enterprise business, said the company has made good progress courting customers and improving its technology. Cloud computing uses remote internet servers to store, manage and process data, and Google offers a range of apps like word processing and email, as well as the ability to host data and offer resources for developers.