Tag: China

TechnologyTelecom

Global Internet Services Restored After Major Cloud Outage, Amazon Reports Progress on Recovery

A significant internet outage that impacted numerous global websites and applications has been addressed, with Amazon’s cloud service confirming resolution of the core issue. The incident highlights the critical dependency on cloud infrastructure as services gradually return to normal operation.

Major Cloud Disruption Affects Global Internet Services

A widespread internet outage that disrupted many of the world’s largest websites and applications has been resolved, according to reports from Amazon Web Services, the cloud computing division of Amazon. The company confirmed it has fixed the underlying technical problem responsible for the service interruptions, though sources indicate that a full recovery for all affected platforms may require additional time.

by Darren Holt
BusinessTrade

Nvidia CEO Warns of Mutual Harm in US-China Tech Restrictions as Company Loses Entire Chinese Market

Nvidia’s CEO has revealed the company has gone from 95% to 0% market share in China due to export restrictions. Jensen Huang warned that policies damaging China often harm America as well, emphasizing the importance of maintaining technological collaboration with Chinese AI researchers.

Nvidia CEO Expresses Concern Over US-China Trade Policies

Nvidia CEO Jensen Huang has voiced significant concerns about the ongoing trade restrictions between the United States and China, warning that policies harming China could negatively impact America as well. Speaking at the Citadel Securities Future of Global Markets 2025 conference, Huang revealed that Nvidia has lost its entire market share in China due to current export controls.

by Natalie Brooks
BusinessEconomy

Markets Respond to Trade Comments, Banking Sector Stabilizes

U.S. equities gained as former President Trump signaled a softer stance on China tariffs. Meanwhile, Jefferies recovered from a sharp sell-off after clarifying its exposure to a collapsed auto-parts maker. Investors monitored broader credit conditions.

Trade Relations and Market Impact

Former President Donald Trump reportedly suggested the U.S. would manage its economic relationship with China effectively, according to recent television interviews. Sources indicate he described a proposed 100% tariff on Chinese goods as unsustainable, easing investor concerns about escalating trade barriers. Analysts suggest these remarks contributed to a rally in major stock market indices, with the Nasdaq, Dow Jones, and S&P 500 each closing approximately 0.5% higher.

by Darren Holt