Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

2 Sept 2021

Amazon Cloud Service Glitch Caused Disruptions in Japan

The Index Today

After some companies from major online brokerages up to the top mobile phone carriers and a leading airline suffered disruptions to their operations, Japan’s Kyodo news agency finally said that a glitch in Amazon Web Services has been resolved on Thursday.

Amazon spokesperson had said the company was working to restore its system but declined to give a statement on how many customers were affected by this glitch.

Online Brokerages like the SBI Securities and Rakuten Securities were among the companies that reported delays in price data feeds and other major system glitches.

The largest airline company in Japan, ANA Holdings, said some flights were delayed after the system glitch that caused a temporary outage affecting its ticketing and check-in system, which was later restored.

Clay pottery with table linens