Booyaka jungle is massive

A glitch at Amazon is causing numerous websites and apps that rely on the company's Amazon Web Services offering (AWS) to fail or deliver poor performance, especially for users on the East Coast of the United States. AWS is one of the world's largest providers of cloud services, and its currently hiccupping Amazon Simple Storage Service (which launched about a decade ago and is commonly referred to as Amazon S3) is today used by numerous online businesses as part of their critical infrastructure. The outage is, therefore, affecting many companies, including Netflix, Time, Pinterest, Business Insider, and Airbnb. Furthermore, because content from many providers that use AWS is loaded onto pages outside of their own sites, the outage is also affecting sites that do not directly use AWS themselves. Amazon has reported the issue on its AWS dashboard, stating, "We continue to experience high error rates with S3 in US-EAST-1, which is impacting various AWS services. We are working … [Read more...] about Massive Internet Outage Caused By Amazon Cloud Glitch

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE share price of DRB-Hicom Bhd has been on a downward trend since December 2020, when the shortage of semiconductors became apparent the world over. Last Friday, DRB-Hicom was trading at RM1.16 — its lowest since March 23, 2020. This means DRB-Hicom is now trading at the level when stocks tumbled in reaction to the first Movement Control Order (MCO), which was implemented in March 2020 to contain the spread of Covid-19. This is in contrast to other automotive or automotive-based groups listed on Bursa Malaysia. For example, Bermaz Auto Bhd is trading at more than double the level on March 23, 2020, and MBM Resources Bhd is 38% higher than at the start of the pandemic. Shares in Sime Darby Bhd, which is also a conglomerate like DRB-Hicom, were up 43.5% last Friday compared with March 23, 2020. UMW Holdings Bhd, another conglomerate with a huge automotive … [Read more...] about At an almost two-year low, DRB-Hicom is still demonstrating upside uncertainty

A crane operating in the port of Aqaba, Jordan, dropped a tank holding poisonous chlorine gas, killing and injuring several people Monday. A senior health official said the deadly chlorine gas explosion killed at least 13 people and injured 250, reported Sky News. General Security Directorate spokesman, Amer Al Sartawi, said the crane dropped the tank during transportation, releasing the chlorine gas, according to The National News. (RELATED: Russian Hackers May Have Blown Up A Massive Natural Gas Facility In Texas: REPORT) Footage of the incident posted to Twitter shows a crane unloading the tank off the ship. The crane loses its grip, causing it to drop to the ground and explode in a sea of yellow gas. The footage also shows some port workers running away. The deadly chlorine gas explosion forced shipping to stop in Aqaba — Jordan’s only port — and authorities evacuated nearby beaches, The National News reported. Crane drops tank with poisonous gas in … [Read more...] about REPORT: Crane Drops Tank With Poisonous Gas, At Least 13 Dead And Hundreds Injured

Share to Twitter Share to Linkedin Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that's contributed to her fund's steep decline this year while doubling down on her belief that the economy has fallen into a recession—defying a vast majority of experts noting a recession is unlikely this year despite growing odds of one next year. Key Facts “We think we are in a recession,” Wood, the founder and CEO of New York City's Ark Invest, said on CNBC's Squawk Box Tuesday, noting that excess inventory driving up costs and leading to wider-than-expected profit shortfalls for corporations like Walmart and Target is a "big problem" facing the economy. Wood first declared the U.S. had fallen into a recession last week, warning on Twitter that massive inventories (often viewed as a leading indicator for demand) have the potential to unwind and hurt growth for the rest of the year, as consumer … [Read more...] about Cathie Wood Claims Economy Already In A Recession—Warns Inflation And Inventories Pose ‘Big Problem’

Share to Twitter Share to Linkedin Topline Russia on Monday struck a mall in central Ukraine that had more than 1,000 people inside, Ukrainian President Volodymr Zelensky said , sharing a video that appeared to show massive fires at the shopping center, as G-7 leaders are gathered to discuss future plans to punish Russia for its invasion of Ukraine. Key Facts At least 10 people died, while more than 40 were injured in the rocket strike in Kremenchuk, a city of roughly 215,000, Dmytro Lunin, the regional governor, wrote on Facebook . In a post on Telegram, Zelensky said the number of victims is “impossible to imagine,” adding rescuers were attempting to put out the fires. The mall was of “no strategic value” to the Russian army and only concerned people trying to “live a normal life,” Zelensky said. Key Background The rocket strike comes after Russia carried out a host of attacks across Ukraine, including in the capital of … [Read more...] about Russia Strikes Central Ukraine Mall With More Than 1,000 People Inside, Zelensky Says

Share to Twitter Share to Linkedin A failed bid to build a textile marketplace at the height of the dotcom boom taught Felix Capital’s Frederic Court an important lesson about the power of habits. “Consumers can change their lifestyles fast, but in a work environment it takes much longer,” says Court, who has now landed a spot on the Midas List Europe with his investments in consumer-focused brands like Moonbug, Mejuri and Farfetch. The London-based investor which styles itself as the venture fund for the “creative class” has now raised a new $600 million round, doubling its assets under management to $1.2 billion. Court, Felix Capital’s founder and managing partner, says the fund will stick with its “concentrated” focus on making up to 25 investments in European and American startups that tap into changing consumer behavior. “We started very early at Felix to talk about the emergence of a more digital lifestyle and that’s a trend that has only … [Read more...] about Moonbug And Goop Investor Felix Capital Raises $600 Million