Cloud run hits Amazon shares: Stock drops over 7% as AWS trails Microsoft and Google in AI-driven cloud growth; $170bn market cap erased

Amazon shares slumped nearly 7% on Friday after the company’s cloud business, Amazon Web Services (AWS), posted slower growth than rivals Microsoft and Alphabet, prompting fresh concerns over its positioning in the AI-driven cloud race.AWS revenue rose 17.5% in the June quarter, narrowly beating Wall Street estimates, but trailing far behind Microsoft Azure’s 39% growth…

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Bengaluru advocates’ body seeks new Bar Councilrepresentative with English proficiency | Bengaluru News

Bengaluru: The Advocates’ Association of Bengaluru (AAB) has written to the Bar Council of India (BCI) seeking a new Bar Council representative proficient in English for court ceremonies.The association passed a resolution demanding the removal of Karnataka Bar Council (KSBC) chairperson SS Mittala Kod due to his inadequate English language skills and his stance to…

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Donald Trump vs Jerome Powell: US President urges Fed board to overrule Powell on rates; calls him ‘stubborn’ as dissent grows

US President Donald Trump on Friday called on the Federal Reserve’s board of governors to wrest control of monetary policy from Chair Jerome Powell, escalating his public campaign for deep interest rate cuts and directly attacking Powell as “stubborn.”In a post on his Truth Social platform, Trump said, “If Powell doesn’t ‘substantially’ lower rates, THE…

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