PRESS DIGEST- New York Times business news - January 14

Reuters01-14
PRESS DIGEST- New York Times business news - January 14

Jan 14 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.

- Users of Elon Musk’s Starlink satellite internet service in Iran were able to use the service for free on Tuesday, according to U.S.-based organizations that work on international technology issues.

- Microsoft MSFT.O on Tuesday unveiled an initiative to curb water usage at its U.S. data centers and limit the impact on the general population from any potential surge in power prices.

- Central bankers around the world defended the U.S. Federal Reserve and its chair, Jerome Powell, on Tuesday from attacks by the Trump administration that have been widely seen as trying to erode the central bank's independence.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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