The Daily Update: 5 April

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.