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Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

16 Sept 2021

Ryanair Increased Passengers, says No Need for large deal from Boeing

The Index Today

Wells Fargo & Co announced on Wednesday that it will be choosing Microsoft Corporation and Google Inc to become its public cloud service providers.
This multi-cloud approach will help the business provide additional services such as business-critical public cloud. Microsoft Azure will however still remain as the banks main cloud provider.
The new digital infrastructure strategy aims to progress the organization towards growth. Wells Fargo will acquire further third party owned data centers as it continues to predominantly rely on public cloud in the long run. More and more businesses are moving towards cloud-computing services as it is cost-effective in comparison to renting a public center or developing their own.
Wells Fargo is one of the latest banking corporations to adopt third party data centers for cloud services. Details of the agreement between Google, Microsoft and Wells have not been made public.

Clay pottery with table linens
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