The Fed sets the most Aggressive Hike since 1994
Uniic Media Newsletter - Thursday - June 16, 2022
Microsoft is working on Implementing Games for Microsoft Teams
Microsoft has started working on bringing casual games to its Microsoft Teams service. Sources familiar with Microsoft’s plans say that the software maker has started testing games like Solitaire, Connect 4, and Wordament inside Microsoft Teams. The casual games are designed to allow colleagues to play against each other during meetings.
Microsoft is looking at games as another way to improve the meeting experience as businesses continue to balance the needs of hybrid and remote work.
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Turkey details UN plan for Grain Exports without the need to De-Mine Ukraine Ports
Russia said it has offered "safe passage" for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines.
Ukrainian grain shipments have stalled since Russia's invasion and ports blockade, stoking global prices for grains, cooking oils, fuel, and fertilizer. The United Nations is trying to broker a deal to resume Ukraine exports and Russian food and fertilizer exports, which Moscow says are harmed by sanctions.
The Fed Raises Rates by 75bps
The Federal Reserve launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994.
Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of 1.5%-1.75%, the highest since just before the Covid pandemic began in March 2020.
Microsoft’s Internet Explorer Browser hits Retirement after 27 years
Microsoft is ending support for Internet Explorer yesterday, retiring its aging web browser after nearly 27 years. The moment comes more than a year after the company said that its Internet Explorer 11 Windows 10 desktop app would be retired in favor of Microsoft Edge.