Reuters UK Business

By Samrhitha A and Chavi Mehta (Reuters) -Amazon.com said multiple services at its cloud unit, AWS, were down for customers on Tuesday, and it was working to resolve the errors. “We are continuing to experience increased error rates and latencies for multiple AWS Services in the US-EAST-1 Region,” AWS’ status page showed. Nearly 12,000 users …

Amazon says multiple cloud services down for users Read More »

By Stephen Nellis, Chavi Mehta (Reuters) -Advanced Micro Devices’ production of a new artificial intelligence chip to challenge market leader Nvidia Corp will ramp up in the fourth quarter, the company said on Tuesday. AMD Chief Executive Lisa Su at an event in San Francisco said the new MI300X chip will have 192 gigabytes of …

In challenge to Nvidia, AMD will ramp up AI chip production this year Read More »

(Reuters) – Restaurateur Anton Pinskiy paid around 500 million roubles ($6 million) for assets formerly licensed by Starbucks in Russia, he told the TASS news agency, shedding new light on one of the many corporate exits from Russia over its invasion of Ukraine. Seattle-based Starbucks declined to comment. It had 130 stores in Russia, owned …

Buyer of former Starbucks assets in Russia says he paid about $6 million -TASS Read More »

By Sam Tobin LONDON (Reuters) – Britain’s biggest private pension scheme on Tuesday asked a London court to block a landmark lawsuit over its alleged failure to devise a credible plan to divest from fossil fuels. The 82 billion-pound ($103 billion) Universities Superannuation Scheme (USS) is facing legal action from two of its members over …

UK pension fund fights appeal in landmark fossil fuels lawsuit Read More »

By Sam Tobin LONDON (Reuters) – Allied Irish Banks is fighting a multi-million-pound London lawsuit brought by the son of a fake tycoon who conned the Irish lender out of more than 700 million pounds over a decade ago, a situation the bank says is stranger than fiction. Achilleas Kallakis, who styled himself as a …

Allied Irish Banks battles ‘absurd’ London lawsuit from fraudster’s son Read More »

(Reuters) – SoftBank Group Corp’s Arm is in talks with some of its biggest customers and end users about bringing on one or more anchor investors in the chip designer’s initial public offering (IPO), two sources familiar with the matter said. Arm is talking to at least ten companies, including Intel Corp, Alphabet Inc , …

Arm in talks with big clients about investing in IPO -sources Read More »

By Julia Payne and Tommy Wilkes BRUSSELS/LONDON (Reuters) – The European Union on Tuesday proposed new regulations for firms selling environmental, social and governance (ESG) ratings that could force some to restructure their businesses in a major shake-up of the industry. S&P Global, Moody’s, MSCI> and Morningstar’s Sustainalytics are among the biggest sellers of ratings …

EU proposes new shake-up of ESG ratings agencies Read More »

BERLIN (Reuters) -The European Commission is expected to approve 2 billion euros ($2.2 billion) worth of German state subsidies for Thyssenkrupp’s planned green steel plant in Duisburg, a German economy ministry source said on Tuesday. Approval is expected within the coming weeks, the source said, adding agreement had been reached on how the project is …

Germany expects Brussels to approve $2.2 billion Thyssenkrupp steel subsidies – source Read More »