Business
- BusinessBloomberg
Turkey Pauses Rate Hikes Ahead of Inflation Peak Near 70%
(Bloomberg) -- Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a big hike and delivering additional tightening since then.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadHow to Get a Meeting With the UAE’s
3 min read - BusinessReuters
Amazon to invest $11 billion in Indiana to build data centers
The announcement by Amazon Web Services on Thursday builds on the online retail giant's already strong presence in the state, where it employs 26,000 full- and part-time staff. The new facilities will be build in St Joseph County in north-central Indiana and house computer equipment used to power cloud computing and generative artificial intelligence. Amazon did not specify how many data centers would be established.
1 min read - BusinessBloomberg
BHP Makes $39 Billion Anglo Approach to Create Mining Giant
(Bloomberg) -- BHP Group Ltd. proposed a takeover of Anglo American Plc that valued the smaller miner at £31.1 billion ($38.9 billion), in a deal that would create the world’s top copper producer while sparking the industry’s biggest shakeup in over a decade.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s
6 min read - BusinessKansas City Star
Car dealership made millions from deceptive contracts and language divide, suit says
The Minnesota Attorney General filed a consumer protection lawsuit against the company on April 23.
2 min read - BusinessReuters
IBM falls as enterprise-spending constraints choke consulting demand
Weakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help reaccelerate the business through 2024. "Although software acceleration is encouraging, this was offset by more significant-than-expected deterioration of Consulting, along with incremental FX headwinds expected for the rest of the year," analysts at J.P.Morgan said. IBM's software business grew 5.5% in the quarter and the company announced a $6.4 billion deal to b
1 min read - Businessdpa international
Mercedes head ready to take on Chinese competition
Mercedes-Benz chief executive Ola Källenius expressed confidence that the company could cope with competitive conditions in the Chinese market in remarks to journalists at the 2024 Beijing International Automotive Exhibition on Thursday. "We are not standing still," Källenius said. Mercedes-Benz could keep up with the rapid pace of technical progress in China, he added. The German company maintains development centres in Beijing and in Shanghai, both of which are integrated into its global netwo
2 min read - US PoliticsThe Des Moines Register
Des Moines lawyer doubts noncompete agreement ban will have much effect in Iowa
A Des Moines attorney with experience in litigating noncompete agreement cases said a federal ruling will likely have little impact in Iowa
6 min read
