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Deutsche Bank plans trader bonus bump

  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 ...

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Amazon to invest $35bn in Virginia data centers by 2040

  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, ...

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Apple delays AR glasses, plans cheaper mixed-reality headset

  Bloomberg Apple Inc. is still planning to unveil its first mixed-reality headset this year, but an even more important follow-up product — lightweight augmented-reality glasses — has been postponed due to technical challenges. The company had originally hoped to release the AR glasses after the debut of its mixed-reality headset, which combines both AR and virtual reality, but that ...

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