CME Data Center Bolsters Backup Cooling After 10-Hour Outage

Australia has initiated a significant policy to ban social media access for children under 16, a move that has garnered international attention as other nations observe its implications closely. This initiative aims to enhance online safety for minors amid growing concerns about the risks associated with social media usage.

Airbus SE is entering the final weeks of the year with an ambitious aircraft delivery target, but it faces unexpected challenges, including a significant software issue affecting its A320 fleet. This situation has arisen following an incident involving a JetBlue Airways aircraft, which has prompted the company to issue a warning regarding the need for urgent software fixes across more than half of its active A320 jets.

Norway’s $2.1 trillion sovereign wealth fund has expressed its support for Microsoft Corp. in a contentious case regarding the company's human rights vetting processes, highlighting the fund's commitment to ethical investment practices.

Russia is advancing towards a complete block of WhatsApp, following months of service degradation, as part of its strategy to replace Western communication platforms with domestic alternatives. This move reflects the country's ongoing efforts to assert control over digital communication within its borders.

A significant outage at the Chicago Mercantile Exchange (CME) was traced back to a private equity-owned data center, disrupting trading for over 10 hours and affecting global markets. This facility, located west of Chicago, handles an estimated $25 quadrillion in notional trade volume daily, highlighting its critical role in the financial ecosystem.

Nu and Revolut are leading the fintech sector in Mexico, leveraging hard-won banking licenses to pursue payroll deposits from the growing middle-class population. This strategic move highlights the increasing competition among fintech companies to capture a share of Mexico's financial market.

Marshall Wace, a stock-picking hedge fund, has announced that it will begin charging clients for the increasing costs associated with hiring and retaining technology, trading, and risk personnel, amid a competitive talent landscape. This decision reflects the ongoing challenges in attracting skilled professionals in the financial technology sector.

The emergence of AI shopping bots poses a significant challenge to Amazon's e-commerce dominance, as highlighted by Spencer Soper in Bloomberg Technology. These bots are designed to enhance consumer shopping experiences, potentially disrupting traditional online retail models.