Tag Archives: Central

Alex McLenon With another partner onboard at Michigan Central, a team of Detroit city officials has been set up to help companies seeking approval for mobility testing. Google says it will join Ford as a tenant at Michigan Central Station in Corktown when restoration of Detroit’s largest monument to blight is complete. Ford Motor Company officials say that work could be finished by early 2023. The announcement comes as City of Detroit and Michigan… Source link

Google has announced a $1bn (£871m) deal to buy the London development Central Saint Giles, calling the move a show of confidence in the return to more office working. The US tech firm currently rents space in the brightly coloured development designed by the architect Renzo Piano, which is located in the centre of the capital, near Oxford Street. The building – with its distinctive red, green, orange and yellow facade – includes 408,000 sq ft (38,000 sq metres) of office space, as well… Source link

The Sun Bowl is back on. After its originally scheduled opponent Miami dropped out because of a reported COVID-19 outbreak on the team, Washington State will now face Central Michigan in the Dec. 31 bowl. A day after Miami canceled, CMU lost its bowl opponent on Monday when Boise State had to withdraw from the Arizona Bowl because of its own COVID-19 outbreak. With two teams in need of a bowl partner, it didn’t take long for the natural conclusion to play out. The Arizona Bowl, with a… Source link

Earlier this month, Benoit Coeure, a well-known central bank policymaker, sounded an alarm for central banks to act now on minting their own central bank digital currencies (CBDCs).  In a speech, the former European Central Bank economist who leads innovation at the Bank of International Settlements (BIS) warned that rapidly mushrooming cryptocurrencies will challenge the business models of international banking — if monetary authorities don’t quickly act. As China moved on Friday to… Source link

Some of the world’s most powerful central bankers will convene virtually this week, with the focus on any commentary suggesting a pullback in pandemic-era easy money policies from the Federal Reserve.  One challenge: the timeline for slowing the central bank’s $120-billion-a-month pace of asset purchases will be different depending on which Federal Open Market Committee member you ask. The divergence on the FOMC will draw attention to the Fed’s Jackson Hole meeting (which was again moved… Source link

NEW ALBANY, Ohio (WCMH) — Search engine giant Google is planning to invest an additional $1 billion to expand its data center in New Albany. The company made the announcement in a press release Thursday. Amazon looking to Ohio as a site for retail department stores, WSJ reports In addition, the company says it has acquired 618 more acres of land in Columbus and Lancaster for potential future data center locations. Google broke ground on the New Albany site at the… Source link

Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal activities of virtual currency” this year and will continue supervising financial platforms operating in the country. Decrypt reports that the… Source link

The Federal Reserve on Wednesday held interest rates at near-zero, but hinted that the U.S. economic recovery is getting closer to a place where it may not need as much monetary support. The Federal Open Market Committee on Wednesday kept its benchmark interest rate in the range of 0% to 0.25%, but provided an update on its December 2020 commitment to purchasing at least $120 billion a month in U.S. Treasuries and agency mortgage-backed securities until the recovery looked like it was making… Source link

The New York Times A Fourth of July Symbol of Unity That May No Longer Unite SOUTHOLD, N.Y. — The American flag flies in paint on the side of Peter Treiber Jr.’s potato truck, a local landmark parked permanently on County Route 48, doing little more, he thought, than drawing attention to his family’s farm. Until he tried to sell his produce. At a local greenmarket where he sells things such as wild bergamot, honey and sunflowers, he had trouble striking a deal until, he said, he let his… Source link

A former financial regulator says the United States needs to step up its research into a central bank-issued digital currency, as the Federal Reserve explores the viability of a digital dollar. Christopher Giancarlo, who ran the Commodity Futures Trading Commission (CFTC) as its chairman from 2017 to 2019, is working with consulting firm Accenture on pilot programs that will test different use cases for a digital dollar in the United States. “What’s not being done, and what needs to be… Source link