AcquisitionsBusiness

L’Oreal Acquires Kering’s Beauty Portfolio in €4 Billion Strategic Expansion

In a major luxury sector consolidation, L’Oreal has agreed to acquire Kering’s beauty business for €4 billion. The deal includes the prestigious Creed fragrance house and licensing rights for Gucci, Bottega Veneta, and Balenciaga beauty products, according to company announcements.

Major Luxury Beauty Acquisition

French beauty conglomerate L’Oreal has reached a definitive agreement to acquire the beauty division of rival French company Kering in a transaction valued at €4 billion ($4.66 billion), according to reports released Sunday. The all-cash deal represents one of the most significant consolidations in the luxury goods sector in recent years and is expected to close during the first half of 2026.

CloudTechnology

Major AWS Outage Disrupts Internet Services, Highlights Cloud Infrastructure Vulnerabilities

A significant Amazon Web Services outage disrupted numerous websites, applications, and online services Monday morning. The incident, centered in the US-EAST-1 region, caused widespread connectivity issues affecting major platforms including Disney+, Reddit, and Fortnite.

Widespread Internet Disruption Following AWS Outage

A major Amazon Web Services outage on Monday morning caused significant disruptions across numerous websites, applications, and online services, according to reports. The incident, which began in the early morning hours, affected the US-EAST-1 region and created a cascade of connectivity issues that persisted for several hours.

Cybersecurity

Prosper Lending Platform Hit by Major Data Breach Exposing Millions

Peer-to-peer lending service Prosper has reportedly suffered a significant cyberattack compromising sensitive personal information of millions. The breach exposed Social Security numbers, addresses, and income levels according to data breach notification services.

Massive Data Breach at Leading Peer-to-Peer Lender

Prosper Marketplace, a prominent peer-to-peer lending platform, has reportedly experienced a substantial data breach affecting millions of customers, according to recent cybersecurity reports. Sources indicate that approximately 17.6 million individuals have had their sensitive personal information compromised in what appears to be one of the larger financial data breaches of recent years.

CloudTechnology

Major AWS Disruption Impacts Global Internet Services, Recovery Underway

A significant Amazon Web Services outage disrupted numerous popular online services globally on Monday. The incident, centered in the US-EAST-1 Region, affected platforms from e-commerce to gaming and artificial intelligence tools. AWS has since confirmed mitigation of the underlying DNS issue with services gradually returning to normal operation.

Widespread Service Disruption Hits Major Online Platforms

A major Amazon Web Services outage on Monday caused significant disruption across numerous popular internet services, according to reports. The incident, which began during Pacific Daylight Time morning hours, reportedly affected everything from e-commerce platforms to gaming services and artificial intelligence tools. Sources indicate that services are now in recovery phase after AWS identified and addressed the underlying technical issue.

HealthcareInnovationTechnology

Breakthrough Retinal Implant Shows Promise in Restoring Vision for Macular Degeneration Patients

Researchers have reportedly achieved a significant breakthrough in treating severe macular degeneration using a wireless retinal implant. According to recent findings, the technology has enabled previously blind patients to regain enough vision to read, marking a potential turning point in vision restoration technology.

Vision Restoration Breakthrough

Researchers have reportedly restored partial vision to patients suffering from advanced macular degeneration using an innovative retinal implant technology, according to a study published in The New England Journal of Medicine. Sources indicate that the prosthetic device could potentially help approximately one million people in the United States alone who struggle with geographic atrophy, the most severe form of age-related macular degeneration.