Tag Archives: Light

Eurobites: Russia's Yandex to set up cloud shop in Germany – Light Reading

Also in today’s EMEA regional roundup: Truphone expands its IoT reach with Sony; mobile money booms in sub-Saharan Africa; Orange extends 4G in French Guiana. Yandex, Russia’s answer to Amazon, is planning to launch its cloud business in Germany in 2022, with an initial investment of $30 million, Reuters reports (paywall may apply). Yandex currently claims 12,400 cloud clients, and its cloud revenue is expected to reach around 3 billion roubles ($41 million) in 2021. According to the report,… Source link

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Strong August jobs report will be green light for taper

Federal Reserve Governor Christopher Waller said Friday that if the August jobs report next week shows more than 850,000 payroll gains, he would advocate taking the first steps in pulling back the Fed’s easy money policies. “I would like to go early this fall,” Waller told Yahoo Finance in an exclusive interview on Friday. “I don’t see any reason that we would need to wait until next year. That’s my own view, unless something really bad comes out in the job market report next… Source link

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Eviction moratorium battle sheds light on struggling landlords who ‘still have to find a way to pay’

The Biden administration’s move to extend an eviction moratorium has done little to resolve a looming crisis — or rising tensions between tenants and landlords, with both camps stuck in a cycle of mounting confusion and despair. For now, evictions are again on hold across the U.S.: tenants have until October 3 to obtain government help to pay their rent. However, the extension is already being challenged in court — spearheaded by — where it may not survive legal scrutiny. A growing… Source link

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Wells Fargo account closures cast light on vague cost of a credit score hit

This month Wells Fargo (WFC) announced it was shutting down personal lines of credit, a lending product consumers could use to consolidate debt, pay for surprise expenses, or even use as a checking overdraft safety net.  The decision was made after an early 2020 review of its businesses, where the bank found that personal lines of credit weren’t as popular as loans, and only 40% of account holders had balances, a bank spokesperson told Yahoo Finance. (The main difference between a personal… Source link

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Yandex launches new smart speaker Station Light – Telecompaper EN

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Naomi Osaka’s sister sheds light on media boycott

Hours after Naomi Osaka was fined $15,000 and warned of stiffer consequences for shirking French Open media responsibilities, her older sister shed light on what prompted the tennis phenom’s press boycott.  Mari Osaka posted a message on Reddit Sunday afternoon explaining that Naomi’s refusal to speak with media started with criticism over her performance on clay surfaces. Mari, a retired tennis player, deleted the post after it gained traction on social media, but not before The New York… Source link

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J&J single-dose COVID-19 vaccine gets green light from FDA

Johnson & Johnson’s (JNJ) single-dose COVID-19 vaccine was given an emergency use authorization (EAU) Saturday evening by U.S. Food and Drug Administration (FDA), making it the third vaccine available in the U.S. The Vaccines and Related Biologics Products Advisory Committee (VRBPAC) voted unanimously Friday to recommend use of the vaccine on adults aged 18 and older, based on all the data submitted by the company, and the vaccine was endorsed by FDA staff earlier in the week. J&J’s vaccine,… Source link

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A Ray of Light or a False Dawn?

For most people across the globe, the movie going experience appears a dim memory from a different era. However, New York cinema lovers will once again soon be sitting opposite the silver screen after Governor Andrew Cuomo announced that Big Apple theatres can re-open in the first week of March. As the biggest movie theatre operator in New York City, this is great news for AMC Entertainment (AMC). The beleaguered theatre chain has 13 locations in NYC, which it plans to open on March 5 in… Source link

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