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Amazon Web Services to launch European sovereign cloud

Amazon Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will store data on servers located in the European Union, and only EU-resident AWS employees will have control of the operations and provide support, the cloud-computing division of Amazon said in a statement. The European Union has been at the forefront of privacy and security legislation and its privacy watchdog launched a pro...
Christopher Cushing Supantha Mukherjee European Union Amazon Web Services Web Services European Union
Source: yahoo.com

China's new bonds to help economic recovery, official says, as budget deficit rises

BEIJING (Reuters) -China's new sovereign bonds will help bolster the economic recovery, China's vice finance minister Zhu Zhongming said on Wednesday, as the government's stepped-up fiscal stimulus sharply raises its budget deficit. China's top parliament body has approved a 1 trillion yuan ($137 billion) in sovereign bond issuance to help rebuild areas hit by this year's floods and improve urban infrastructure to cope with future disasters, state media said on Tuesday...
Ting Lu Zhu Zhongming Ellen Zhang Christopher Cushing Shri Navaratnam Kevin Yao Christopher Cushing
Source: yahoo.com

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