Author Archives: Syndicated Content
Amazon Web Services Mexico to open ‘local zone’ in Q1 2023
By Valentine Hilaire MEXICO CITY (Reuters) - Amazon Web Services Mexico, a unit of Amazon.com Inc, will open a "local zone" in the first quarter of 2023 to boost bandwidth for its clients, Country Dir...
Sep 21, 2022
UAE central bank raises base rate by 75 bps to 3.15% –statement
(Reuters) - The Central Bank of the United Arab Emirates said on Wednesday it was hiking its base rate by three quarters of a percentage point to 3.15% effective from Thursday, moving in parallel with...
Sep 21, 2022
Meta aims to cut costs by at least 10% within next few months – WSJ
(Reuters) - Meta Inc is looking to trim its costs by at least 10% within the next few months, the Wall Street Journal reported on Wednesday, citing people familiar with the company's plans. The report...
Sep 21, 2022
The Fed’s latest rate hike: five ways Americans may feel the pain
By Lindsay Dunsmuir and Ann Saphir (Reuters) - The Federal Reserve on Wednesday delivered its third straight 75-basis point interest rate hike in its campaign to drive borrowing costs high enough to b...
Sep 21, 2022
U.S. House clears way for passage of election bill spurred by Jan. 6, but fate unclear
By Makini Brice WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday advanced legislation overhauling Congress' certification process for presidential elections, as Democrats hope to ...
Sep 21, 2022
Aggressive Fed hikes rates another 75 bp, surprising no one
NEW YORK (Reuters) - The Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled more large increases to come in new...
Sep 21, 2022
Qatar central bank raises interest rates by 75 bps –statement
DUBAI (Reuters) - Qatar's central bank said on Wednesday it will raise its interest rates by 75 basis points as of Thursday, moving in parallel with the U.S. Federal Reserve's third straight hike of t...
Sep 21, 2022
Kuwait central bank raises discount rate by 25 bps to 3% – statement
(Reuters) - The Central Bank of Kuwait said on Wednesday it will increase its discount rate by 25 basis points to 3% as of Thursday, after the U.S. Federal Reserve's three quarters of a percentage poi...
Sep 21, 2022
Auto suppliers raising prices for Ford – and beyond
By Ben Klayman and Joseph White DETROIT (Reuters) - Automotive industry suppliers are raising prices to their customers across the board, not just with Ford Motor Co, which warned this week it was tak...
Sep 21, 2022
My Pillow CEO, Trump ally faces probe for plot to target 2020 election computers
By Sarah N. Lynch WASHINGTON (Reuters) - Mike Lindell, the My Pillow Inc chief executive and ally to former President Donald Trump, is under U.S. federal investigation for identity theft and for consp...
Sep 21, 2022
