Month: October 2025

GamingInfrastructureTechnology

Major Gaming Outage Hits Roblox and Fortnite as Industry Faces Multiple Disruptions

Millions of gamers faced disruption as Roblox and Fortnite experienced widespread outages. Meanwhile, the gaming industry grapples with security concerns at major events and significant unionization movements among development staff.

Widespread Gaming Service Disruptions

Major online gaming platforms including Roblox and Fortnite are experiencing significant service outages, according to reports from multiple gaming communities. The simultaneous downtime has affected millions of players worldwide, with sources indicating that the issues began during peak gaming hours across multiple time zones.

by Liam Dorsey
AcquisitionsBusiness

Kering Divests Beauty Division to L’Oreal in €4 Billion Strategic Debt Reduction Move

Gucci owner Kering has reportedly reached a €4 billion agreement to transfer its beauty operations to cosmetics giant L’Oreal. The deal marks new CEO Luca de Meo’s first significant strategic move to reduce the luxury group’s substantial debt burden while refocusing on core fashion labels.

Major Beauty Business Transfer

French luxury conglomerate Kering has agreed to sell its beauty division to cosmetics leader L’Oreal for approximately €4 billion ($4.66 billion), according to reports confirmed Sunday. The transaction represents a significant strategic pivot under newly appointed CEO Luca de Meo as he moves to address the company’s substantial debt load and refocus on core fashion operations.

by Liam Dorsey
EnergySustainability

China’s Wind Sector Proposes Ambitious Expansion to Accelerate Clean Energy Transition

China’s leading wind turbine manufacturers are pushing for a significant acceleration in renewable energy deployment. According to industry reports, companies are lobbying for installation targets that would more than double wind power capacity by the end of the decade, marking a major step in the country’s energy transition efforts.

Wind Industry Proposes Accelerated Expansion Path

China’s wind power sector is reportedly advocating for a substantial increase in installation targets that would more than double the country’s wind capacity by 2030. According to reports from the annual China Wind Power conference in Beijing, major turbine manufacturers have proposed installing at least 120 gigawatts of wind power capacity annually over the next five years.

by Liam Dorsey
BusinessFinance

Global Finance Chiefs to Convene in Hong Kong Amid Renewed US-China Tensions

Top executives from Goldman Sachs, Morgan Stanley, and Citadel are reportedly scheduled to attend Hong Kong’s premier financial gathering in November. The summit comes as global banks navigate renewed US-China tensions and mounting credit challenges, according to sources familiar with the matter.

Major Financial Leaders Set for Hong Kong Gathering

The chief executive officers of Goldman Sachs Group Inc. and Morgan Stanley are reportedly scheduled to attend Hong Kong‘s key annual financial summit in November, according to sources familiar with the matter. The event comes at a critical juncture for global finance as institutions face renewed geopolitical tensions and credit market challenges.

by Liam Dorsey