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US stocks rise to open big earnings week
US stocks rise to open big earnings week
by  AFP

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 French bank BNP Paribas plummet after US verdict
by  AFP

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
Internet services cut for hours by Amazon cloud outage
by  AFP

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
Trial opens in Klarna's $8.3-bn lawsuit against Google
by  AFP

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
Amazon's cloud services hit by global outage
by  AFP

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.

Thyssenkrupp spins off warship unit to tap defence boom
Thyssenkrupp spins off warship unit to tap defence boom
by  AFP

Shares in Thyssenkrupp's naval unit surged Monday as it was spun off from the German industrial giant, highlighting the buzz around European defence firms as the continent rearms amid a growing Russian threat.

Kering shares jump on sale of beauty division to L'Oreal
Kering shares jump on sale of beauty division to L'Oreal
by  AFP

The share price of Kering, the French luxury group that owns Gucci and other brands, jumped sharply Monday after it announced the $4.6-billion sale of its beauty products division to L'Oreal. Proceeds of the sale of its beauty division, which includes its leading perfume brand Creed, will go to alleviate the 9.5 billion euros ($11 billion) in debts it has racked up.