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The Daily Update: 5 April

Feb. 29, 2024
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FinMeUp
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FinMeUp

The latest updates from the JSE and NYSE over the past 24 hours.

 

South Africa

SARB

  • Interest rates were hiked by 50 bps this week, putting further pressure on both households and institutions.

Industrials REIT Limited

  • Industrials REIT has achieved its goal of becoming a 100% UK multi-let industrial (MLI) business.
  • Industrials REIT now operates over seven million square feet of MLI assets in towns and cities across England, Scotland, and Wales.

 

The U.S.

Amazon

  • Amazon is teaming up with a unit of De Beers Group to grow artificial diamonds, betting that custom-made gems could help revolutionize computer networks.
  • De Beerss Element Six division will be working on the project with Amazon Web Services Center for Quantum Networking, a unit thats seeking next-generation ways to transmit data securely over longer distances.

Apple

  • Apple is gearing up to open its first retail store in India to the public later this month.

Google

  • Google has released new details about the supercomputers it uses to train its artificial intelligence models, saying the systems are both faster and more power-efficient than comparable systems from Nvidia.

Amazon

  • Amazon is teaming up with a unit of De Beers Group to grow artificial diamonds, betting that custom-made gems could help revolutionize computer networks.
  • De Beerss Element Six division will be working on the project with Amazon Web Services Center for Quantum Networking, a unit thats seeking next-generation ways to transmit data securely over longer distances.

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