Bloomberg Angola’s central bank carried out the world’s biggest interest rate cut so far this year as it forecasts inflation to slow further. The policy committee dropped the rate to 18% from 19.5%, Governor Jose de Lima Massano told reporters in Luanda, the capital. That’s the steepest cut since July 2018. “This decision was based on the reduction of ...

  Bloomberg Deutsche Bank AG is considering slightly higher bonuses for its traders while drastically shrinking those paid to staff who help issue bonds and stocks, reflecting the strong divergence in performance between the two businesses. The German lender is debating an average increase in variable compensation of about 10% for executives buying and selling fixed-income securities and currencies after ...

  Bloomberg Amazon.com Inc.’s cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination to stay ahead of rivals Microsoft Corp. and Alphabet Inc. The investments at multiple locations will create an estimated 1,000 jobs in Virginia, the state said in a news release. Virginia is Amazon Web Services’ (AWS) most important hub, ...