Month: May 2026
Amazon cloud outage
Amazon’s cloud services were largely back online on Friday after overheating at one of its data centers triggered an outage that impacted companies including cryptocurrency exchange Coinbase. The cloud giant said it was making progress in resolving the issue after a rapid spike in temperatures at a single data center in northern Virginia on Thursday
A Chinese military court gave suspended death sentences to two former defence ministers
The court said Wei Fenghe was guilty of accepting bribes and sentenced to death with a two-year reprieve. It said Li Shangfu was guilty of accepting and offering bribes, and handed him the same sentence. Suspended death sentences are often commuted to life in prison in China. The sentences are the latest in Chinese President
US, Iran weigh 30-day ceasefire plan
Iran and the US are discussing a temporary framework that could pause hostilities, reopen the Strait of Hormuz to commercial traffic and create space for broader negotiations on Tehran’s nuclear programme, the New York Times reported, citing three senior Iranian officials familiar with the talks. The proposed interim framework centres on three immediate steps: lifting
Ukrainian forces battlefield success
Ukrainian forces say they’re intercepting roughly 90% of the Russian drones launched in frequent attacks, and the head of the UK Royal Air Force told Business Insider that Britain is learning from Kyiv’s battlefield successes. Britain and its NATO allies, including the US, are using lessons from Ukraine and the latest Middle East conflict to
The UU.S. trade court ruled against U.S. President Donald Trump’s latest 10 per cent global tariffs,
The U.S. trade court on Thursday ruled against U.S. President Donald Trump’s latest 10 per cent global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law. The U.S. Court of International Trade ruled in favour of small businesses that challenged the tariffs, which took effect on February 24. The ruling was 2-1,
Musk to spend $55B on SpaceX AI chip project in Texas
Elon Musk’s SpaceX plans to invest at least $55 billion to build a semiconductor manufacturing facility in Texas, according to a public notice Wednesday, producing chips for artificial intelligence, robotics and data centers in space. The world’s richest person has said the facility, dubbed Terafab, would be run jointly by his electric-vehicle firm Tesla and
Snapchat Moves Beyond Social Media With AI
Snap has announced its Q1 2026 earnings and the numbers alone show a business that is starting to regain balance. Daily active users grew to 483 million, monthly active users touched 956 million, and revenue increased 12% year-over-year to USD 1.53 billion. More importantly, Snap reduced its net loss to USD 89 million while improving
AMD shares hit record high
Advanced Micro Devices’ shares jumped to an all-time high on Wednesday as its strong outlook boosted investor confidence about sustained demand for AI infrastructure, sparking a rally across global semiconductor stocks. AMD jumped 14.9% and was set to add more than $86 billion in market value, if gains hold. Rival Intel also rose 1.9% to
World’s largest nuclear facility could be built in Ontario
The Ontario government is moving ahead on a cost-sharing agreement worth up to $300 million to advance the construction of a new nuclear generating station at the Bruce Power site in Kincardine, Ont., CP24 has learned. The deal between the Independent Electricity System Operator (IESO) – the Crown corporation responsible for operating Ontario’s electricity market
US waits on Iran’s peace deal response
The US is waiting on Iran to respond to its proposal to reopen the Strait of Hormuz and end a war that’s killed thousands of people, with tensions still high in both the Persian Gulf and in Lebanon. Iran’s leaders are yet to indicate whether they’ll accept the terms of the deal, though they’ve previously