Duke Energy Enters Into Amazon Cloud Deal

Duke Energy Corp. said it has signed a three-year deal with Amazon.com Inc.’s cloud-computing unit as the electric power and natural gas holding company aims to advance its power grid improvements and clean energy goals. Read More...


Exclusive-China set to fine Ant Group over $1 billion, signalling revamp nears end-sources

Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been driving the revamp at Ant after the Chinese firm’s $37 billion IPO was scuttled at the last minute in 2020, is the regulator that is readying the fine, said five of the sources. The central bank has been in informal communication with Ant about the fine over the past few months, said three of the sources.

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