Related News

Artemis II has entered deep space, marking a new phase in the return of human missions beyond Earth. The mission, led by NASA, has produced new images of Earth captured

Nasa’s Artemis II astronauts, on a historic journey to the Moon, will study its surface with what lead scientist Kelsey Young calls “the best camera that could ever or will

In 1980, when the event occurred, it was labelled Britain’s Roswell. At that point, there were many US Air Force members at the site who had all independently observed a

There is something quietly magical about a full moon. It happens every month without fail, yet it never feels like an ordinary occurrence. In 2026, the night sky will feature

Orion spacecraft’s toilet (Courtesy: X) The crew of Nasa’s historic Artemis II mission, with support from mission control, successfully restored the Orion spacecraft’s toilet system after it experienced a recurring

Nasa on Wednesday (local time) confirmed that the Orion spacecraft had successfully separated from the rocket’s upper stage as part of the Artemis II mission. The agency said that proximity

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

UK CMA finds Microsoft and Amazon are hurting cloud competition

Word Count: 189 | Estimated Reading Time: 1 minute


Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.

Noah Berger | Getty Images

LONDON — Britain’s competition regulator on Thursday declared that Microsoft and Amazon are hurting competition in the cloud computing industry and called for a further probe under the country’s strict new tech rules.

The Competition and Markets Authority said that market concentration and barriers to entry in the cloud services market have enabled both Microsoft and Amazon to hold “significant unilateral market power” and reap financial gain exceeding the cost of capital expenditure over a sustained period.

Tech giants like Amazon, Microsoft and Google have built huge businesses by offering access to computing resources — such as data storage and processing — via the internet using data centers, large facilities that contain dedicated hardware.

The CMA is concerned that certain practices within the space, such as egress fees and unfavorable licensing terms, are creating a “lock-in” effect where businesses are getting trapped into contractual agreements that are difficult to get out of.

This is a breaking news story. Please check back for updates.



Source link

Most Popular Articles