‘Signs of recovery’ claims Amazon Web Services after internet outage hits many websites and apps – business live

Amazon Web Services faced a significant service disruption that impacted various platforms, including Coinbase, where users reported difficulties in trading and logging in. This incident highlights the vulnerabilities in cloud services that can ripple across multiple industries. On a different note, Kering has announced its decision to sell its beauty division to L’Oreal for €4.7 billion, marking a major shift in its business strategy. This move is significant as it reflects the evolving landscape of the beauty market and Kering's focus on its core luxury brands.

US equity futures are on the rise as investors are shifting their attention from trade tensions and credit concerns to upcoming earnings reports. President Trump has outlined key trade demands with China, focusing on rare earths, fentanyl, and soybeans, just as crucial trade talks approach. Meanwhile, Paul Donovan from UBS is weighing in on the Federal Reserve's interest rate strategy amid a prolonged government shutdown. This shift in focus could signal a more optimistic outlook for the markets, making it an important moment for investors.

UBS has upgraded its outlook on global equities, suggesting that the bull market still has significant potential for growth. This is important as it indicates confidence in the market's resilience and could encourage more investors to participate, potentially leading to further economic recovery.

A significant internet outage has disrupted major platforms, including Amazon Web Services, causing widespread service interruptions. This incident highlights the vulnerabilities in our digital infrastructure and the reliance on a few key providers for online services. As businesses and users alike grapple with the fallout, it raises questions about the resilience of cloud computing and the need for more robust systems to prevent such outages in the future.

Several major websites, including Amazon, Coinbase, and Roblox, experienced significant outages due to a disruption in Amazon Web Services (AWS). This incident highlights the vulnerability of online platforms that rely heavily on cloud services, affecting millions of users and raising concerns about the reliability of digital infrastructure.

Recently, several major online services, including Amazon, Snapchat, Roblox, and Venmo, experienced significant outages, causing frustration for users worldwide. This disruption highlights the reliance on these platforms for communication, entertainment, and financial transactions, raising concerns about the stability of digital infrastructure. As people increasingly depend on these services for daily activities, such outages can lead to widespread inconvenience and impact businesses that rely on them.

UBS has decided to maintain its EUR/CHF forecast at 0.94, reflecting the ongoing demand for the Swiss franc as a safe-haven currency. This decision is significant as it indicates the bank's confidence in the stability of the Swiss franc amidst global economic uncertainties, which could influence investor behavior and market trends.

UBS has initiated coverage on Zoom Video stock with a neutral rating, indicating a cautious approach towards the company's future performance. This matters as it reflects the investment bank's assessment of Zoom's market position and potential growth, which could influence investor decisions and stock performance.

Cleveland-Cliffs is experiencing a surge in demand for its steel products, thanks in part to favorable trade policies from the Trump administration that support U.S. manufacturing. The company is also looking to diversify its operations by exploring the production of rare-earth minerals, which are crucial for various high-tech applications. This move not only strengthens its market position but also highlights the growing importance of domestic production in the face of global supply chain challenges.

Kering has announced a significant $4.7 billion deal to sell its beauty business to L’Oréal, marking a strategic move by the new CEO, Luca de Meo, to rejuvenate the company's performance. This sale is crucial as it allows Kering to focus on its core luxury brands while L’Oréal expands its portfolio in the beauty sector. Such a transaction not only reflects the evolving landscape of luxury and beauty but also highlights Kering's commitment to strengthening its market position.

Amazon's AWS experienced significant disruptions, leading to outages for hundreds of websites for several hours. This incident highlights the vulnerability of online services that rely on cloud infrastructure, affecting businesses and users alike. The impact of such outages can be far-reaching, causing loss of revenue and frustrating users who depend on these platforms for daily activities.

Crude oil prices are continuing to decline due to concerns over supply and demand. Factors such as weak growth projections, the ongoing energy transition in China and the EU, and tensions from U.S.-China tariffs are contributing to this negative outlook. This matters because fluctuations in oil prices can significantly impact global economies and consumer behavior.

Merck has released long-term data demonstrating that its cancer treatment, KEYTRUDA, continues to provide significant survival benefits for patients with lung cancer. This is important because it reinforces the effectiveness of KEYTRUDA as a vital option in cancer therapy, potentially improving the quality of life for many patients facing this challenging disease.

Abbvie's stock price target has been raised to $258 from $240 by BMO Capital, reflecting growing confidence in the company's future performance. This adjustment is significant as it indicates analysts' optimism about Abbvie's potential for growth and profitability, which could attract more investors and positively impact the stock market.