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Turkey Hikes Rates to 30 to Strengthen Hawkish Turn

ISTANBUL, Sept 21 Reuters Turkey39;s central bank raised its key interest rate by a lofty 500 basis points to 30 on Thursday, marking a second month of aggressive tightening after President Tayyip Erdogan set aside his long opposition to tight policy. The bank reiterated it is ready to raise rates further as needed to rein in inflation […]
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Oil Prices Rise as Supply Concerns Outweigh Demand Fears

SINGAPORE, Sept 22 Reuters Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further U.S. interest rate hikes could dent demand, but they were still headed for their first weekly loss in four weeks. Brent futures climbed 46 cents, or 0.5, to 93.76 […]
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Amazon to Roll Out Ads on Prime Video in 2024

Sept 22 Reuters Amazon Prime Video users will see ads on shows and movies from early next year unless they subscribe for an adfree tier that would be at a higher cost, the tech giant said on Friday. Amazon39;s move follows similar rollouts by rivals Netflix and Walt Disney. The streaming industry has been facing a slowdown […]
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Apples Flagship Shanghai Store Buzzes as iPhone 15 Goes on Sale

SHANGHAIBEIJING, Sept 22 Reuters Over a hundred customers queued inside Apple39;s flagship store in the Chinese financial hub of Shanghai on Friday, waiting to pick up their iPhone 15 orders on the first day of instore availability. How Apple39;s latest iPhone sells in China is under close scrutiny by fans and market watchers alike, after widening curbs on […]
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Britain Set to Clear Fresh MicrosoftActivision Deal

Microsoft agreed to sell cloud gaming rights to Ubisoft UK39;s CMA divestment addresses its concerns CMA says better if remedy had been put on table earlier Deal set to clear one of last hurdles LONDON, Sept 22 Microsoft39;s restructured 69 billion acquisition of Activision Blizzard opens the door to the biggest ever gaming deal being cleared, Britain39;s […]
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Indias Sensex Logs Worst Week in 15 Months on Rate Worries

Indian shares closed lower on Friday, with the benchmark Sensex logging its worst week in over 15 months on lingering worries over a higher global interest rate environment following the U.S. Federal Reserve39;s hawkish tone. The main Nifty 50 index closed down 0.34 at 19,674.25 points, while the SP BSE Sensex fell 0.33 to 66,009.15 points. […]
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