Unit

Amazon's cloud unit faces cost-sensitive customers as economic fears rise

Amazon’s cloud unit faces cost-sensitive customers as economic fears rise

Leave a Comment / Economy / By

Amazon Web Services has been its parent company’s biggest growth engine for most of the past decade, taking business with some of the world’s largest technology vendors. But as companies face the most discouraging economic environment since the 2008 financial crisis, those massive checks they send to AWS for their technology infrastructure are coming under …

Amazon’s cloud unit faces cost-sensitive customers as economic fears rise Read More »

As Ukrainian forces retake key town, another elite Russian unit appears to have gone through 'the meat grinder'

As Ukrainian forces retake key town, another elite Russian unit appears to have gone through ‘the meat grinder’

Leave a Comment / Economy / By

Destroyed apartments in the Ukrainian town of Lyman on November 27.Metin Aktas/Anadolu Agency via Getty Images During the Ukrainian counteroffensive this fall, Ukrainian troops surrounded the town of Lyman. Lyman is an important hub in eastern Ukraine, and a larger Russian force was trapped there. Russian troops at Lyman and those that withdrew suffered heavy …

As Ukrainian forces retake key town, another elite Russian unit appears to have gone through ‘the meat grinder’ Read More »

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Leave a Comment / Business / By

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC Read More »

Crypto Broker Genesis Trading Stops Withdrawals at Lending Unit

Crypto Broker Genesis Trading Stops Withdrawals at Lending Unit

Leave a Comment / Business / By

Genesis Trading, a large crypto financial services group, halted withdrawals in its lending unit, blaming “unprecedented market turmoil” caused by the collapse of Sam Bankman-Fried’s business empire. The group said on Wednesday that its decision to suspend redemptions and new loans came after facing “abnormal withdrawal requests that exceeded our current liquidity.” The Genesis troubles …

Crypto Broker Genesis Trading Stops Withdrawals at Lending Unit Read More »