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BoE becomes first major central bank to raise rates since the pandemic

The Bank of England became the world’s first major central bank. They have raised the interest rates since the pandemic hammered the global economy....

Outage shows how Amazon’s complex cloud makes backup plans difficult

Major companies using Amazon.com’s data services got a lesson, about how the complexity and market dominance of the company’s cloud unit make it difficult...

UniCredit shines on Orcel’s $18 BLN

Investors welcomed a pledge by new UniCredit Chief Executive Andrea Orcel to return at least 16 billion euros to them under his new strategy...

Citigroup pauses buybacks briefly due to new capital rule

Chief Financial Officer Mark Mason stated that the Citigroup Inc is pausing buybacks of its stock this quarter. This is because of the expected...

Thyssenkrupp restructure halfway complete, expecting 2022 higher margin

Thyssenkrupp’s radical restructuring involving a string of disposals and cost cuts is about halfway complete. This is with the group on track for higher...

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