Business

Fed won’t start rate cuts until May, traders now bet

The Federal Reserve building in Washington, D.C., Jan. 26, 2022. (Reuters) — The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market co…
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Google to invest $1 billion in UK data centre

(Reuters) — Google will invest $1 billion on building a data center just outside of London, the U.S. technology giant said on Thursday, in its latest investment in Britain as it meets growing demand for internet services in the region. The data center, located on a 33-acre (13-hectare) site bought …
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Amazon lays off about 5% of workforce at Buy with Prime unit

(Reuters) — Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network. Amazon said that the unit remains a top pr…
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