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Amazon says drones damaged three facilities in UAE and Bahrain
Posted onThe incidents occurred on Sunday morning, with Amazon Web Services (AWS) saying at the time that ”objects” had hit a data centre in the UAE, creating ”sparks and fire”. Also on Sunday, AWS said it was investigating power and connectivity issues at a facility in Bahrain.
How nervous are investors about the stock market?
Posted onEvery week it seems US financial markets are hit by another bout of fear. The latest worries spread this week from the banking sector in the US, after two regional lenders warned they would be hit by losses from alleged fraud. But before that, markets swooned over signs of rekindled US-China tensions, as the two…
Trump tariffs: Swiss companies target alternative export markets
Posted onImogen FoulkesBern, Switzerland AFP via Getty Images So far President Karin Keller-Sutter has failed to reduce US tariffs on Swiss goods President Trump’s tariffs have caused shock worldwide, with governments scrambling to find a deal to placate him. Some have managed: the UK got in first, with a sweet deal of just 10%, the European…
Oil market faces super glut as supply surge hits prices
Posted onTrial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel or change your plan anytime during your trial. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters…
China’s electric cars are cheaper, but is there a deeper cost?
Posted onTheo Leggett International Business Correspondent BBC Listen to Theo read this article In China, they call it the Seagull, and it has looks to match. It is sleek and angular, with bright, downward-slanting headlights that have more than a hint of mischievous eyes about them. It is, of course, a car. A very small one,…
