Public clouds hit a wall in innovation

As it opens this week, AWS re:Invent is not taking place in Vegas but is virtual and free. Virtual events are a silver lining of the pandemic because they keep me off airplanes and eliminate seven miles of walking each day at the bigger public cloud conferences. Maybe I’m getting lazy in my old age, but the time that virtual events save seems to be more productive.

Not to pick on AWS, but when we look at the announced innovations at public cloud events during the past year, few were game changers. Yes, most vendors will continue to move toward the intelligent edge, providing more points of presence, and they will continue to exploit artificial intelligence. However, these are mostly evolutionary steps rather than revolutionary ideas.

It doesn’t matter if we’re talking about moving from containers to serverless containers or from relational databases to purpose-built cloud-based databases or from outdated

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Cyber Monday Online Sales Hit $10.8 Billion [Infographic]

When Americans first started celebrating Thanksgiving in the 19th century, it served as an opportunity for people to cherish the year’s blessings, especially the harvest. While the modern iteration of the holiday certainly serves as an important family get-together, it has also grown into a massive shopping extravaganza. This year’s splurge has once again broken all sorts of e-commerce records with shoppers opting to spend their money online and avoid physical stores due to the Covid-19 pandemic. An analysis by Adobe
ADBE
Insights has found that e-commerce spending amounted to a whopping $34.4 billion during the five-day Thanksgiving break including $10.8 billion on Cyber Monday.

That marks a 15.1% increase on last year’s $9.4 billion, making Cyber Monday 2020 the largest online shopping day in U.S. history. Adobe noted that FOMO – “fear of missing out” – hit consumers hard with the golden hour of retail between 7pm and 11pm

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Factory Floors Keep Global Economy Chugging Along Amid Virus Hit

(Bloomberg) — The world’s factories are powering along, providing vital support for economies as renewed virus restrictions in some countries take a toll on growth.

Indexes of manufacturing activity in the U.S., China and parts of Asia improved in November, and Germany saw solid expansion, according to reports on Tuesday. In South Korea, a bellwether for global trade, exports rose 4%, supported by surging demand for tech devices.

The JPMorgan Global Manufacturing PMI expanded at one of best rates in almost a decade. The composite index produced with IHS Markit increased for a seventh month, climbing 0.7 point to 53.7 as measures of output, new orders and export bookings all increased. The gauge of employment signaled expansion for the first time in a year.



chart, line chart: Manufacturing is holding up the global economy amid virus damage


© Bloomberg
Manufacturing is holding up the global economy amid virus damage

The strength of trade activity in recent months is giving a lifeline to the

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Industrial computer manufacturer Advantech hit with a ransomware attack

Industrial computer manufacturer Advantech Co. Ltd. has been hit with a ransomware attack, and those behind the attack are demanding a ransom of 750 bitcoin ($13.8 million).

Based in Taiwan, Advantech is the world’s largest supplier of industrial computers, with a 34% market share as of 2018. The company also manufactures network devices, servers, industrial “internet of things” devices and healthcare solutions.

The attack took place on Nov. 19, according to Taiwanese media with Bleeping Computer, which reported separately Saturday that it involved Conti ransomware. Those behind the Conti ransomware attack are said to have offered full data decryption and a promise to delete the data they had stolen if the ransom was paid with a threat to start releasing stolen data if payment was not made.

By Nov. 26, no payment had been made and those behind the attack released a 3.03-gigabyte archive of Advantech data that they claim

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Crypto exchange Coinbase hit by connection, latency problems as bitcoin plummets

FILE PHOTO: Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) – Cryptocurrency exchange Coinbase said on Thursday its retail and professional-focused platforms were hit by tech problems, with users reporting difficulty trading as bitcoin plunged towards its biggest one-day drop since September.

California-based Coinbase said on its website at 14:14 GMT it was investigating connectivity problems, adding at 14:42 GMT that it had identified the problem and implemented a solution.

In a separate post at 15:21 GMT on its Coinbase Pro site it said “increased latencies impacting order entry and settlement” for its Coinbase Pro service, adding it was investigating the problem.

A spokesman for Coinbase, one of the biggest cryptocurrency exchanges, declined to comment.

Coinbase users on Twitter reported problems trading.

One Coinbase Pro user told Reuters by message:

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Amazon Web Services outage now over, hit Roku, Adobe, Shipt

  • Amazon Web Services has recovered after a massive outage on Wednesday.
  • The outage only affected one of AWS’s 24 regions, its US-East-1 Region, but it took down many popular web-based services.
  • Roku, Adobe, and Target-owned Shipt were among the sites impacted by the outage.
  • Visit Business Insider’s homepage for more stories.

Amazon Web Services (AWS) is back up after being down for most of Wednesday.

“We have restored all traffic to Kinesis Data Streams via all endpoints and it is now operating normally,” the company said early Thursday morning.

Scores of websites rely on the internet infrastructure to function. The outage only affected one of AWS’s 24 regions, its US-East-1 Region, but it took down many popular web-based services that utilize its servers, like Roku, Flickr, and Adobe Spark, which were among those that have reported issues. The Verge first reported the outage.

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India import hurdles hit Apple iPhone, Xiaomi devices from China, say sources

By Sankalp Phartiyal and Aditya Kalra



logo: FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino


© Reuters/STEPHEN LAM
FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino

NEW DELHI (Reuters) – India’s tight control of quality clearances for electronic goods from China slowed the import of Apple’s new iPhone model last month and held up other products made by companies like Xiaomi, according to two industry sources.



a man standing in front of a sign: FILE PHOTO: Attendants are silhouetted in front of Xiaomi's logo in Beijing


© Reuters/Kim Kyung Hoon
FILE PHOTO: Attendants are silhouetted in front of Xiaomi’s logo in Beijing

Applications to the quality control agency, the Bureau of Indian Standards (BIS), typically used to be processed within 15 days, but some are now taking up to two months or longer.

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BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.

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‘Cyberpunk 2077’ Spoilers Are Starting To Hit The Internet

Cyberpunk 2077 isn’t coming out for a little while now, but things have a way of leaking out. Physical copies have apparently started popping up in the wild, and that means that gameplay has started to leak out on the internet as well: it seems like CD Projekt Red and Warner Brothers are taking various mirrors down as fast as they can spot them, but it’s only a matter of time before major spoilers start to circulate.

So, consider this a warning. If you’re the super-sensitive type, maybe time to start muting words and avoiding the sort of forums that tend to post that sort of thing. We all remember when basically the entirety of The Last of Us Part 2 spilled out over the internet, and it was a bummer for both the developers and fans that didn’t want the story spoiled before

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Hit by Cryptocurrency Curbs, Chinese Fund Managers Look Elsewhere to Ride Bitcoin Bull | Technology News

By Samuel Shen and Alun John

SHANGHAI/HONG KONG (Reuters) – As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home.

Cryptocurrency-focused hedge funds have grown assets under management and registered hefty gains this year thanks to bitcoin’s recent surge to over $18,000, close to its 2017 high.

At the same time, Beijing has been tightening already strict scrutiny over cryptocurrencies as the People’s Bank of China (PBOC) prepares to launch its own digital currency, partly a response to the threat from currencies like bitcoin, officials say.

Beijing banned virtual currency trading in 2017, stopping a free-wheeling emerging crypto industry, and causing China’s share of global bitcoin trading to slump to less than 4%, from nearly 17% in 2017, according to CoinShare, Europe’s biggest digital asset manager.

Consequently, Chinese businessmen are looking elsewhere

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Massachusetts grants inject $68M in economic development to towns hit hard by coronavirus

Cities and towns hit hardest by the coronavirus pandemic were the big winners of this year’s round of MassWorks economic development grant funding — totaling more than $68 million from Nantucket to Pittsfield.



Charlie Baker wearing a suit and tie: 19CoronaMain Boston, MA 11/18/20  With Secretary of Health and Human Services Marylou Sudders (cq) and Department of Elementary and Secondary Education Commissioner Jeffrey Riley (cq), Governor Charlie Baker (cq) gives a coronavirus update during the continuing pandemic. They speak in Gardner Auditorium in the Massachusetts State House. POOL PHOTO


© Provided by Boston Herald
19CoronaMain Boston, MA 11/18/20 With Secretary of Health and Human Services Marylou Sudders (cq) and Department of Elementary and Secondary Education Commissioner Jeffrey Riley (cq), Governor Charlie Baker (cq) gives a coronavirus update during the continuing pandemic. They speak in Gardner Auditorium in the Massachusetts State House. POOL PHOTO

“This year we’ve prioritized projects in the advanced stage of planning and design and permitting in communities hardest-hit by COVID-19 to help stimulate their recovery from the pandemic,” said Gov. Charlie Baker during a virtual ceremony on Zoom on Thursday morning.

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The state awarded funding for 36 projects in 35 cities and towns, and will help build 35,000 new housing units

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