As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
"We sell the most mission-critical identity security to the largest global enterprises around the world," says Ping Identity CEO Andre Durand.Marketsread more
Nelson Peltz and David Taylor, once adversaries over the direction of Procter & Gamble, met Thursday as allies taking a victory lap for the company's stunning turnaround.Delivering Alpharead more
More than half of the patients have been younger than 25 and 16% are younger than 18, CDC principal deputy director Anne Schuchat said.Health and Scienceread more
Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is "screwing the savers."Delivering Alpharead more
Microsoft has new services that can provide gaming revenue on top of console sales.Technologyread more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm's position in struggling General Electric.Delivering Alpharead more
The new facilities — both in London — are the Chinese tech giant's first in Britain, and will provide its business customers in the region with round-the-clock security and engineering support and real-time monitoring.
A spokesperson for Alibaba Cloud said the move was part of the cloud division's expansion into Europe, the Middle East and Africa (EMEA).
"As part of our commitment to continue expanding into Europe and across EMEA, we are launching two U.K. availability zones in addition to the existing ones in Frankfurt and Dubai," the spokesperson said.
"Our decision on the location is driven by the rapidly growing customer demand in the U.K."
Alibaba said the benefit of having two data centers within one location was the ability to recover or maintain key IT infrastructure in the event of a disaster.
"The United Kingdom is one of the fastest growing European markets for Alibaba Cloud, and many of our customers are in key verticals such as retail, finance, media, education and research, and logistics," the Alibaba spokesperson said.
"We are also working with many global and local partners to make sure we are offering best-in-class technologies, services and consulting to customers."
British software company SDL and media firm Ascential are among Alibaba Cloud's customers in the country. The data centers in London will offer products including elastic computing — essentially a means to manage usage spikes in a network — storage, database, network, application services and big data analytics.
While the firm did not identify the size of its investment in the U.K., nor disclose a figure for the amount of jobs that would be created, a spokesperson said: "We are expanding quickly across Europe, and we are always looking for good talent to join our team."
With the addition of its new London site, Alibaba's cloud unit now has 52 data center zones across 19 different regions, and plans on expanding further.