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The cloud is big business. AWS recorded almost $20B in the past second quarter and financially supports Amazon’s other b...
07/09/2022

The cloud is big business. AWS recorded almost $20B in the past second quarter and financially supports Amazon’s other businesses. That is because many of the world's enterprises now run their software in the cloud, including most tech companies. However, the operating system they run their software on is 30 years old and based on an even older operating system that is now 50 years old. That system is Linux - the de-facto server side operating system.

Preparations for a possible listing of Volkswagen (ETR:VOWG_p)'s sports car brand Porsche are going according to plan bu...
06/09/2022

Preparations for a possible listing of Volkswagen (ETR:VOWG_p)'s sports car brand Porsche are going according to plan but no decision has been taken yet, Volkswagen chief financial officer Arno Antlitz said in comments published on Monday.

Russia's service sector inched back into contraction in August, with broadly unchanged levels of output, a business surv...
06/09/2022

Russia's service sector inched back into contraction in August, with broadly unchanged levels of output, a business survey showed on Monday, as consumer demand waned and firms reduced workforce numbers.

The S&P Global (NYSE:SPGI) Purchasing Managers' Index (PMI) fell to 49.9 in August, down from 54.7 in July and slipping just below the 50 mark that separates contraction from expansion.

British luxury carmaker Aston Martin confirmed on Monday a 575.8 million pound ($659.75 million) rights issue, with back...
05/09/2022

British luxury carmaker Aston Martin confirmed on Monday a 575.8 million pound ($659.75 million) rights issue, with backing from investors including Saudi Arabia's sovereign wealth fund.

The rights issue is part of a previously announced equity raise of 653.8 million pounds, which makes Saudi Arabia's Public Investment Fund one of the company's largest shareholders.

The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual ...
05/09/2022

The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual country risk and let independent fiscal councils play a bigger role in policy, the International Monetary Fund said on Monday.

European leaders sought to ease the impact of high energy prices across the continent after Ukrainian President Volodymy...
05/09/2022

European leaders sought to ease the impact of high energy prices across the continent after Ukrainian President Volodymyr Zelenskiy warned of a difficult winter, even as he reported progress in a counter-offensive against Russian troops.

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