FT News Briefing Microsoft cloud business holds up
Jan 25, 2023
Microsoft's cloud business shows resilience, surpassing expectations despite slower growth. The Qatar Investment Authority amplifies its investment in Credit Suisse, highlighting Gulf nations' strategic focus on Western banks. In New Zealand, Chris Hipkins steps in as prime minister, navigating economic challenges and public trust after Jacinda Ardern. Meanwhile, Germany escalates its involvement in Ukraine by sending tanks, marking a significant commitment in the ongoing conflict. Global financial dynamics shift as Middle Eastern funds become more prominent in Western markets.
AI Snips
Chapters
Transcript
Episode notes
Microsoft Cloud Performance
- Microsoft's cloud computing business performed better than predicted, boosting investor confidence.
- This positive performance suggests other cloud businesses might also withstand the economic slowdown.
Gulf Investment in Credit Suisse
- Gulf countries, flush with cash from the energy boom, are increasing investments in European banks like Credit Suisse.
- While Western investors retreat, Gulf investors see opportunities in these financially stressed institutions.
New Zealand's New PM
- Chris Hipkins, known as "Mr. Fix-It," has replaced Jacinda Ardern as New Zealand's prime minister.
- Unlike Ardern's global spotlight, Hipkins is recognized for his pragmatic, everyman persona.