Amazon web services start to recover after major outage • FRANCE 24 English

[Music] Good to have you with us. Yuka, lots of problems for internet users early today. Amazon’s cloud computing service, it is slowly recovering. It says after a widespread outage, it knocked many sites offline. Roar on Amazon Web Services or AWS says it found significant errors in its domain name system or DNS which translates website names to IP addresses so browsers and apps can load on internet connected devices. No evidence of foul play has been reported and the company says the DNA issue uh has been fully mitigated amid reports of a resurgence in issues. The outage serves as another reminder of just how everyday life has become increasingly reliant on a handful of big tech companies. Here’s Flor Mar with more. Internet users were cut off from their favorite video games, language learning apps, social media outlets, and important online tools as Amazon web service outages knocked them offline. The company says a technical issue which originated in Virginia prevented applications from accessing an interface that connects computers to each other. The head of an internet performance monitoring firm says the malfunction will have major consequences. The financial impact of this outage will easily reach into the hundreds of billions due to loss and productivity for millions of workers that cannot do their job, plus business operations that are stopped or delayed from airlines to factories. While some apps were back up and operational during the day, they experienced a resurgence in the same problems hours later. The incident highlights the dependence of governments, businesses, and individual users on its cloud services. Microsoft Azour, Google Cloud, and Amazon Web Services account for more than 60% of the cloud computing market. Amazon is the industry leader with more than 1 million active monthly users. We live in an era right now where we are very dependent on the cloud providers. So, we need them to be at the top of their game. And today, Amazon was not. It’s the first major global internet disruption since cyber security and tech company Crowdstrike distributed a faulty update last year which crashed millions of systems impacting operations in banks, hospitals and airports. Well, you for those of us who may not be fully across this just talk to us a little bit more about the global cloud market and what exactly that looks like. Well, it is certainly a fast growing sector Sharon particularly now with artificial intelligence driving up data usage. According to a World Bank report published last year, the cloud and data infrastructure market has been growing at an annualized rate of between 20 to 35%. Meanwhile, Goldman Sachs predicts that revenue from cloud computing is set to rise to $2 trillion by the end of this decade. But because cloud computing requires large-scale infrastructure and investment, the market is dominated by just a handful of big tech companies as we heard in that report. Now, despite the outage, Amazon shares rose 1.6% on the market amid a broader tech rally with investors turning their eyes to a slew of corporate earnings reports coming out later this week. All three main uh Wall Street indexes closed the day up more than 1%. And here in France, Yuka banking giant BMPe Paribad had its worst day in months on the stock market. Well, the bank stock took a nose dive on Monday, falling as much as 10% at one point and closed down at 7.7%. This after a jury in the United States found that BNP Pariba had helped Sudan’s government commit genocide by providing banking services in violation of US sanctions. The federal jury in Manhattan on Friday ordered the French bank to pay around $20 million to three Sudin plaintiffs, now US citizens, who testified about human rights abuses under former President Omar and Bashier. The company says it will appeal the verdict. Well, the bank BMP tumbled Yuka. Meanwhile, very good day for caring the luxury group. It was the best performer on the stock exchange here in Paris today on the news that it’s selling its beauty unit to L’Oreal. Well, Karen shares jumped nearly 5% on Monday. The parent company of Gucci, Balenciago, and Alexander McQueen, and host of other luxury fashion brands is letting go of its beauty wing only two years after launching it. The 4 billion euro sale to Loyal is seen as a way to reduce its debt, which rose 24% to 10.5 billion euros at the end of last year. The deal is the first major move by Luca Deo since he took the helm as Carring’s CEO in September after more than three decades working for automaker Renault. Loan will now have the luxury perfume line House of Creed and exclusive licenses to other beauty products. Now earlier on Monday in Tokyo though the Nikay 225 closed at a fresh record high uh jumping more than 3%. this on the announcement that Japan’s ruling liberal democratic party has formally agreed to form a coalition with right-wing populist party Nippon Ishin Nokai paving the way for hardline conservative Sai Takichi to become Japan’s first female prime minister. She was elected the LDP’s new party leader more than two weeks ago but has been struggling to secure a majority vote in parliament to be elected prime minister after a longtime coalition partner the pacifist Kato pulled out. She’s now poised to replace Shigaru Ishiba and become Japan’s first female leader on

Amazon Web Services (AWS) says it found significant errors in its Domain Name System, or DNS, which translates website names to IP addresses so browsers and apps can load on internet-connected devices. No evidence of foul play has been reported and the company says the DNS issue has been “fully mitigated”, amid reports of a resurgence in issues. Also in the segment, Gucci owner Kering is selling its beauty unit to L’Oreal only two years after launching it, as the group aims to reduce debt.   

Read more about this story in our article: https://f24.my/BVkZ.y

🔔 Subscribe to France 24 now: https://f24.my/YTen
🔴 LIVE – Watch FRANCE 24 English 24/7 here: https://f24.my/YTliveEN

🌍 Read the latest International News and Top Stories: https://www.france24.com/en/

Like us on Facebook: https://f24.my/FBen
Follow us on X: https://f24.my/Xen
Bluesky: https://f24.my/BSen and Threads: https://f24.my/THen
Browse the news in pictures on Instagram: https://f24.my/IGen
Discover our TikTok videos: https://f24.my/TKen
Get the latest top stories on Telegram: https://f24.my/TGen

1 comment

Comments are closed.