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US, Australia sign rare earths deal as Trump promises submarines
US President Donald Trump signed a deal on rare earth minerals Monday with Australian Prime Minister Anthony Albanese, and said Washington's key ally would get its coveted nuclear-powered attack submarines.
Crisis-hit Argentina inks $20 bn rescue with US
Argentina and the United States signed off on a $20 billion financial lifeline Monday, hoping to avert economic meltdown and boost President Javier Milei ahead of tough legislative elections. President Donald Trump has plied Argentina with political and economic support ahead of the October 26 vote, which will decide whether his close ally Milei can force through labor, tax and pension reforms.
Servers, software and data: how the cloud powers the web
The outage that hit the world's leading cloud provider Amazon Web Services on Monday has highlighted global reliance on the technology, which offers businesses on-demand IT resources without heavy investment in expensive server farms.
Brazil greenlights oil drilling in sensitive Amazon region
Brazil's Petrobras said Monday it has permission to drill for oil near the mouth of the Amazon River, casting a shadow over the country's green ambitions as it prepares to host UN climate talks. Brazil will host COP30 climate talks in the Amazon city of Belem next month.
US stocks rise to open big earnings week
Wall Street stocks rose early Monday as markets looked ahead to a heavy week of corporate earnings and monitored the positioning of political leaders on the US government shutdown. Markets are watching the back-and-forth in Washington as the government shutdown drags on.
Shares in French bank BNP Paribas plummet after US verdict
Shares in France's biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed in Sudan. The big drop in BNP Paribas's shares in afternoon Paris trading outstripped a decline for other French banks, which sank around one percent.
Internet services cut for hours by Amazon cloud outage
Many popular internet services, from streaming platforms to messaging services and some banks, went offline for hours on Monday due to an outage in Amazon's crucial cloud network. The disruption affected streaming platforms, including Amazon's Prime Video service and Disney+, as well as Perplexity AI, the Fortnite game, Airbnb, Snapchat and Duolingo.
Trial opens in Klarna's $8.3-bn lawsuit against Google
A Swedish court began hearing arguments Monday in a lawsuit brought by Swedish price comparison site Pricerunner, owned by Klarna, against tech giant Google for over $8 billion for promoting its own shopping comparisons in search results. It also said that prior to Google launching its own price comparison service, independent price comparison sites were shown high up in search results.
Amazon's cloud services hit by global outage
A global outage hit Amazon's cloud services on Monday, the subsidiary of the US tech giant said, disrupting many websites and services including Amazon Prime, Perplexity, Fortnite, Alexa, Snapchat and Duolingo. Downdetector, a website monitoring internet problems, showed the outage took down many online services.
AFP
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