Major Shifts in Business: Cloud Outages, Strategic Sales, and Leadership Changes

Financial Times headlines cover Amazon's cloud outage resolution, Kering's 4 billion euro deal with L'Oréal, B&M CFO resignation, and UK PM Starmer's COP30 plans. Amazon faced connectivity issues, Kering's sale aims to reduce debt, B&M revises profit outlook, and Starmer focuses on green growth.

Amazon announced that its cloud services are recovering following significant "errors and connectivity issues" that led to a widespread outage, disrupting various apps and websites.

Meanwhile, Gucci's parent company, Kering, has finalized a 4 billion euro agreement to sell its beauty division to L'Oréal, marking the first major move by newly appointed CEO Luca de Meo to reshape the luxury group and manage debt.

In other news, B&M's Chief Financial Officer, Mike Schmidt, is stepping down, and the company has cut its profit forecast for fiscal year 2026. Additionally, UK Prime Minister Keir Starmer is set to attend the COP30 summit in Brazil to strengthen the country's commitment to net-zero emissions and green growth strategies.

(With inputs from agencies.)