Sustainability entrepreneur helps Asia business combat climate change

When Stephanie Dickson landed her dream job straight out of college, she thought she had it made. But then one day the veil fell, and Dickson realized the job she had dreamed of was not what it seemed. “I got my dream job,” Dickson told CNBC Make It. In fact, alongside commonly cited culprits like the energy, transport and agriculture sectors, the fashion industry is today considered one of the world’s largest polluters. “I felt completely blindsided,” said Dickson, whose disillusionment led her


When Stephanie Dickson landed her dream job straight out of college, she thought she had it made. But then one day the veil fell, and Dickson realized the job she had dreamed of was not what it seemed. “I got my dream job,” Dickson told CNBC Make It. In fact, alongside commonly cited culprits like the energy, transport and agriculture sectors, the fashion industry is today considered one of the world’s largest polluters. “I felt completely blindsided,” said Dickson, whose disillusionment led her
Sustainability entrepreneur helps Asia business combat climate change Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: karen gilchrist, green is the new black asia, green is the new black
Keywords: news, cnbc, companies, climate, job, working, dickson, combat, asia, entrepreneur, sustainability, change, issue, work, industry, fashion, dream, helps, business, worlds, watching


Sustainability entrepreneur helps Asia business combat climate change

When Stephanie Dickson landed her dream job straight out of college, she thought she had it made.

She had fantasized her whole life about working in fashion and, suddenly, she had a job that allowed her to do that, organizing some of the industry’s biggest events across Asia.

But then one day the veil fell, and Dickson realized the job she had dreamed of was not what it seemed.

“I got my dream job,” Dickson told CNBC Make It. “But about three and a half years in, I just became really disconnected with the work I was doing.”

It was then 2015, and climate change was gaining increasing attention on the international stage. To Dickson’s surprise, she found there was one industry lurking at the center of the issue: Her own.

In fact, alongside commonly cited culprits like the energy, transport and agriculture sectors, the fashion industry is today considered one of the world’s largest polluters.

“I felt completely blindsided,” said Dickson, whose disillusionment led her to start watching documentaries and reading up on the issue. “I’d been working in this industry and I had no idea what actually was going on.”


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: karen gilchrist, green is the new black asia, green is the new black
Keywords: news, cnbc, companies, climate, job, working, dickson, combat, asia, entrepreneur, sustainability, change, issue, work, industry, fashion, dream, helps, business, worlds, watching


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AstraZeneca chief says the US drugs market is under pressure and changes are coming

Health care was the top issue for Americans voting in Tuesday’s midterm elections. AstraZeneca is a biopharmaceutical company with a market capitalization of around $100 billion. It derives 31 percent of its product sales from the U.S.”It is clear the (U.S.) market is under pressure, changes are coming. During the 2016 presidential campaign, Trump pledged his commitment to lowering prescription drug prices. In July 2018, the president tweeted that drugmakers “should be ashamed” for raising price


Health care was the top issue for Americans voting in Tuesday’s midterm elections. AstraZeneca is a biopharmaceutical company with a market capitalization of around $100 billion. It derives 31 percent of its product sales from the U.S.”It is clear the (U.S.) market is under pressure, changes are coming. During the 2016 presidential campaign, Trump pledged his commitment to lowering prescription drug prices. In July 2018, the president tweeted that drugmakers “should be ashamed” for raising price
AstraZeneca chief says the US drugs market is under pressure and changes are coming Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: julianna tatelbaum, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, issue, changes, drugs, prices, trump, astrazeneca, soriot, voters, won, work, pressure, voting, market, president, coming, chief


AstraZeneca chief says the US drugs market is under pressure and changes are coming

Health care was the top issue for Americans voting in Tuesday’s midterm elections.

Based on exit polls by NBC News, more U.S. voters cited it as their top concern on the ballot than any other issue — marking the first time in at least a decade that’s happened.

Pascal Soriot, the CEO of European pharma giant AstraZeneca, believes that now the Democrats have won back control of the House of Representatives, they will “have to work collaboratively with the (President Donald Trump) administration.

“We will see what they come up with,” he told CNBC’s “Squawk Box Europe” on Thursday.

AstraZeneca is a biopharmaceutical company with a market capitalization of around $100 billion. It derives 31 percent of its product sales from the U.S.

“It is clear the (U.S.) market is under pressure, changes are coming. (It) is really hard to imagine what will happen to prices. But I think one of the things that I would say, as far as the U.S. marketplace goes, is it needs to gain transparency,” Soriot said.

During the 2016 presidential campaign, Trump pledged his commitment to lowering prescription drug prices. In July 2018, the president tweeted that drugmakers “should be ashamed” for raising prices.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: julianna tatelbaum, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, issue, changes, drugs, prices, trump, astrazeneca, soriot, voters, won, work, pressure, voting, market, president, coming, chief


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Health care topped the economy as the biggest issue for voters now, here’s why

Spending on medical care is the highest it has ever been. The United States spends 18.2 percent of gross domestic product on health care, up slightly from 2017, according to Statista. That amount has jumped more than 260 percent since 1960, when the U.S. spent 5 percent of GDP on health costs. The average life expectancy is nearly three years lower than other high-income countries, such as the United Kingdom, France and Australia. The U.S. also has lower rates of coverage than other high-income


Spending on medical care is the highest it has ever been. The United States spends 18.2 percent of gross domestic product on health care, up slightly from 2017, according to Statista. That amount has jumped more than 260 percent since 1960, when the U.S. spent 5 percent of GDP on health costs. The average life expectancy is nearly three years lower than other high-income countries, such as the United Kingdom, France and Australia. The U.S. also has lower rates of coverage than other high-income
Health care topped the economy as the biggest issue for voters now, here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: kate rooney, liz moyer
Keywords: news, cnbc, companies, voters, economy, care, states, costs, highincome, biggest, heres, medical, according, topped, issue, americans, countries, health, united


Health care topped the economy as the biggest issue for voters now, here's why

Spending on medical care is the highest it has ever been.

The United States spends 18.2 percent of gross domestic product on health care, up slightly from 2017, according to Statista. That amount has jumped more than 260 percent since 1960, when the U.S. spent 5 percent of GDP on health costs. In the past decade alone, the percentage of costs to GDP has risen roughly 10 percent.

Americans spend twice as much as any other high-income country in the world on medical care.

Yet utilization rates in the United States were largely similar to those in other nations, according to a recent academic paper published by the Journal of the American Medical Association. High prices for doctors and nurses, pharmaceuticals and administrative costs were major reasons for the disconnect in overall cost between the United States and other high-income countries, according to the research.

Even with the higher spending, Americans are certainly not healthier. Americans smoke less than other high-income countries but have a higher rate of obesity and infant mortality. The average life expectancy is nearly three years lower than other high-income countries, such as the United Kingdom, France and Australia.

The U.S. also has lower rates of coverage than other high-income countries. More than 90 percent of Americans have health care after the enactment of the Affordable Care Act, or ACA, but every other top 10 nation by comparison has at least 99 percent coverage for its population, according to the study.

Source: PwC Health Research Institute analysis of CMS national health expenditure data and Bureau of Economic Analysis data.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: kate rooney, liz moyer
Keywords: news, cnbc, companies, voters, economy, care, states, costs, highincome, biggest, heres, medical, according, topped, issue, americans, countries, health, united


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Passengers stranded as Heathrow Airport faces runway lighting issues

Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday. Heathrow Airport confirmed there was “a technical issue with the lighting system for the airport’s runways,” and warned that flights may be canceled or delayed in the morning. Heathrow Airport apologized to passengers in a tweet, asking travelers affected to check their flight status. Heathrow is Europe’s busiest airport, with a daily average of 213,668 pass


Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday. Heathrow Airport confirmed there was “a technical issue with the lighting system for the airport’s runways,” and warned that flights may be canceled or delayed in the morning. Heathrow Airport apologized to passengers in a tweet, asking travelers affected to check their flight status. Heathrow is Europe’s busiest airport, with a daily average of 213,668 pass
Passengers stranded as Heathrow Airport faces runway lighting issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: joanna tan, getty images
Keywords: news, cnbc, companies, stranded, lighting, runways, heathrow, flight, flights, airport, issues, travelers, passengers, runway, issue, faces


Passengers stranded as Heathrow Airport faces runway lighting issues

Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday.

One traveler @TomPodolec said his flight at John F. Kennedy International Airport in New York had to return to the gate after reaching the runway.

Heathrow Airport confirmed there was “a technical issue with the lighting system for the airport’s runways,” and warned that flights may be canceled or delayed in the morning.

“We have activated our contingency plans and both runways are currently open and operational, although we anticipate there will be some delays at the airport throughout this morning,” the airport said in an email to CNBC.

“We are working to fix this issue as quickly as possible,” it said.

“Stuck on a @britishairways plane on runway at @JFKairport,” tweeted another passenger, ShaanKhan.

British Airways did not immediately respond to CNBC’s request for comments.

Heathrow Airport apologized to passengers in a tweet, asking travelers affected to check their flight status.

Heathrow is Europe’s busiest airport, with a daily average of 213,668 passengers in 2017. The number of passengers that came through Heathrow last year came up to 78 million, according to the airport.

The airport services 81 airlines and 204 destinations in 85 countries. New York’s JFK Airport is one of its most popular destinations, Heathrow’s website said.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: joanna tan, getty images
Keywords: news, cnbc, companies, stranded, lighting, runways, heathrow, flight, flights, airport, issues, travelers, passengers, runway, issue, faces


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Trade was not the ‘defining’ issue in the midterms: BNP Paribas

Trade was not the ‘defining’ issue in the midterms: BNP Paribas8 Hours AgoSteven Friedman of BNP Paribas Asset Management says to expect “more pain before there’s scope for a compromise” when it comes to U.S.-China trade tensions.


Trade was not the ‘defining’ issue in the midterms: BNP Paribas8 Hours AgoSteven Friedman of BNP Paribas Asset Management says to expect “more pain before there’s scope for a compromise” when it comes to U.S.-China trade tensions.
Trade was not the ‘defining’ issue in the midterms: BNP Paribas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06
Keywords: news, cnbc, companies, defining, midterms, bnp, pain, paribas8, uschina, tensions, paribas, scope, issue, theres, trade


Trade was not the 'defining' issue in the midterms: BNP Paribas

Trade was not the ‘defining’ issue in the midterms: BNP Paribas

8 Hours Ago

Steven Friedman of BNP Paribas Asset Management says to expect “more pain before there’s scope for a compromise” when it comes to U.S.-China trade tensions.


Company: cnbc, Activity: cnbc, Date: 2018-11-06
Keywords: news, cnbc, companies, defining, midterms, bnp, pain, paribas8, uschina, tensions, paribas, scope, issue, theres, trade


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It’s going to be raining all day on the East Coast, and history shows that favors Republicans

Studies have shown that bad weather can depress turnout, particularly among groups likely to vote for Democrats. Researchers found that bad weather can actually increase turnout — but just among those voting for Republicans. The bad weather will stretch from from south of New York City to Georgia, Alabama and the Florida Panhandle, according to Jonathan Erdman, a senior meteorologist at weather.com and IBM. Parts of the Upper Midwest will be dealing with “some raw, windy, cold, wet weather,” sai


Studies have shown that bad weather can depress turnout, particularly among groups likely to vote for Democrats. Researchers found that bad weather can actually increase turnout — but just among those voting for Republicans. The bad weather will stretch from from south of New York City to Georgia, Alabama and the Florida Panhandle, according to Jonathan Erdman, a senior meteorologist at weather.com and IBM. Parts of the Upper Midwest will be dealing with “some raw, windy, cold, wet weather,” sai
It’s going to be raining all day on the East Coast, and history shows that favors Republicans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: tucker higgins, andrew caballero-reynolds, afp, getty images
Keywords: news, cnbc, companies, bad, wet, day, voting, voter, shows, today, history, going, issue, turnout, raining, republicans, favors, east, weather, voters, coast, competitive


It's going to be raining all day on the East Coast, and history shows that favors Republicans

Health care. Immigration. Rain?

With voters along the Eastern Seaboard getting wet heading to the polls this Election Day, political scientists and meteorologists are attempting to game out whether the inclement weather could be an issue affecting voters this cycle.

The forecast Tuesday is for scattered, severe thunderstorms. The weather has taken on unusual significance, because it can be a quiet determinant of voter behavior. Studies have shown that bad weather can depress turnout, particularly among groups likely to vote for Democrats.

A recent study published in the journal American Politics Research rebuts some of those findings, but its results are no better for those on the left. Researchers found that bad weather can actually increase turnout — but just among those voting for Republicans.

The bad weather will stretch from from south of New York City to Georgia, Alabama and the Florida Panhandle, according to Jonathan Erdman, a senior meteorologist at weather.com and IBM. In Tennessee, the wind gusts were severe enough to damage homes and knock a fire truck off the road.

Starting around 2 p.m., more precipitation will move through Maine, beginning in the south of the state and heading eastward.

Parts of the Upper Midwest will be dealing with “some raw, windy, cold, wet weather,” said Erdman. In North Dakota, voters will have to tread through some snow, but the roads will stay open.

But, experts caution, the effect of the weather on voting this cycle could be erased by high voter enthusiasm.

“I just don’t see it being an issue,” said Al Roker, a meteorologist and the weather anchor on NBC’s “TODAY.” “At least, today. I don’t think the weather is bad enough. I think people on both sides are motivated enough to go out and vote.”

Roker said when he voted earlier, there was a long line at the polls. Long lines, particularly amid a trend toward fewer polling locations, could be more of an issue than the weather.

Massive early voting numbers point to record turnout this year, with more than 35 million people casting their votes before Election Day even began.

Science backs up the idea that competitive elections are less susceptible to the effects of precipitation.

In 2011, researchers affiliated with Harvard University found that “while rain decreases turnout on average, it does not do so in competitive elections.”

With Democrats aiming to take back the House of Representatives, and Republicans hoping to hold onto control of the government for the remainder of President Donald Trump’s first term in office, the elections this cycle are as competitive as ever.

Democrats need to gain 23 seats in Republican-held districts in order to take the lower chamber. While pollsters believe the outcome is likely, it is far from certain.

Erdman said that despite the mucky weather on Tuesday, there is some silver lining to the storm clouds.

“If there is some good news to this, at least it’s not cold,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: tucker higgins, andrew caballero-reynolds, afp, getty images
Keywords: news, cnbc, companies, bad, wet, day, voting, voter, shows, today, history, going, issue, turnout, raining, republicans, favors, east, weather, voters, coast, competitive


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Chinese central bank to issue bills in Hong Kong for the first time

China’s central bank said on Wednesday that it will issue a total of 20 billion yuan ($2.87 billion) of bills out of Hong Kong next month, its first issuance in the former British colony, the world’s biggest offshore yuan clearing center. The People’s Bank of China (PBOC) said it will issue 10 billion yuan in three-month bills and 10 billion yuan in one-year bills in Hong Kong on Nov. 7. Authorities say the issuance is aimed at expanding the range of yuan-denominated products of high credit rati


China’s central bank said on Wednesday that it will issue a total of 20 billion yuan ($2.87 billion) of bills out of Hong Kong next month, its first issuance in the former British colony, the world’s biggest offshore yuan clearing center. The People’s Bank of China (PBOC) said it will issue 10 billion yuan in three-month bills and 10 billion yuan in one-year bills in Hong Kong on Nov. 7. Authorities say the issuance is aimed at expanding the range of yuan-denominated products of high credit rati
Chinese central bank to issue bills in Hong Kong for the first time Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: vcg, visual china group, getty images
Keywords: news, cnbc, companies, hong, billion, issuance, central, bills, pboc, bank, chinese, oneyear, issue, offshore, market, yuan, kong


Chinese central bank to issue bills in Hong Kong for the first time

China’s central bank said on Wednesday that it will issue a total of 20 billion yuan ($2.87 billion) of bills out of Hong Kong next month, its first issuance in the former British colony, the world’s biggest offshore yuan clearing center.

The People’s Bank of China (PBOC) said it will issue 10 billion yuan in three-month bills and 10 billion yuan in one-year bills in Hong Kong on Nov. 7.

Authorities say the issuance is aimed at expanding the range of yuan-denominated products of high credit rating in Hong Kong and improve the yuan yield curve. The issuance will also help the PBOC manage the yuan’s liquidity in the offshore market and guide market expectations.

The onshore yuan ended domestic trading on Tuesday at 6.9613 per dollar, the weakest such close since May 20, 2008. The Chinese currency has lost more than 6.5 percent of its value to the dollar since the beginning of this year.

“While the volume is quite small — 10 billion yuan at the 3-month tenor and 10 billion yuan at the one-year tenor – this clearly signals that China’s central bank is very keen to stabilize its currency especially at 7.00 hurdle,” said Zhou Hao, senior emerging market economist at Commerzbank in Singapore.

By soaking up yuan funds in Hong Kong, the issuance of PBOC bills can help increase interest rates in the offshore yuan market and the cost of shorting the yuan.

The PBOC issued its first offshore bills ever in 2015, when it sold 5 billion yuan of one-year bills in London.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: vcg, visual china group, getty images
Keywords: news, cnbc, companies, hong, billion, issuance, central, bills, pboc, bank, chinese, oneyear, issue, offshore, market, yuan, kong


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Founder of ride-hailing service Careem says funding and investment ‘will not be an issue’

The co-founder and CEO of Middle Eastern taxi app Careem told CNBC that bad press surrounding Saudi Arabia won’t quell investor appetite for the region. The Dubai-based ride-sharing service was founded in 2012 and has successfully launched in more than 100 cities in the Middle East, Africa and South Asia. The cash was the first close of a funding round in which it expects to raise more than $500 million, Careem said in a statement. Speaking to CNBC’s Hadley Gamble on Tuesday, Careem’s CEO and co


The co-founder and CEO of Middle Eastern taxi app Careem told CNBC that bad press surrounding Saudi Arabia won’t quell investor appetite for the region. The Dubai-based ride-sharing service was founded in 2012 and has successfully launched in more than 100 cities in the Middle East, Africa and South Asia. The cash was the first close of a funding round in which it expects to raise more than $500 million, Careem said in a statement. Speaking to CNBC’s Hadley Gamble on Tuesday, Careem’s CEO and co
Founder of ride-hailing service Careem says funding and investment ‘will not be an issue’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: david reid
Keywords: news, cnbc, companies, founder, arabia, middle, ridehailing, sources, investment, funding, criticism, issue, careem, opportunity, million, service, saudi


Founder of ride-hailing service Careem says funding and investment 'will not be an issue'

The co-founder and CEO of Middle Eastern taxi app Careem told CNBC that bad press surrounding Saudi Arabia won’t quell investor appetite for the region.

The Dubai-based ride-sharing service was founded in 2012 and has successfully launched in more than 100 cities in the Middle East, Africa and South Asia. Earlier this month the firm announced it had secured $200 million in fresh funds from existing investors, including Saudi billionaire Prince Alwaleed bin Talal.

The cash was the first close of a funding round in which it expects to raise more than $500 million, Careem said in a statement. Speaking to CNBC’s Hadley Gamble on Tuesday, Careem’s CEO and co-founder Mudassir Sheikha, said he is not concerned about investment from Saudi Arabia, which has been the target of sharp criticism over the last month.

“There is opportunity and there is a platform like Careem that is realizing this opportunity, and funding and investment will not be an issue, whether from regional sources or global sources,” he said before adding: “Money will chase opportunity, and this is a lot of opportunity.”

Saudi Arabia has fallen under criticism since the killing of journalist Jamal Khashoggi in Turkey early in October.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: david reid
Keywords: news, cnbc, companies, founder, arabia, middle, ridehailing, sources, investment, funding, criticism, issue, careem, opportunity, million, service, saudi


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More than 50% of US workers have had a mistake on their paycheck—here’s what to do

But when you look at your paycheck, you realize that something doesn’t add up. Were your wages recorded correctly? (For hourly workers, were you paid for all hours worked, and for salaried employees, was your salary was recorded correctly for the pay period?) Are other benefits, such as healthcare, cafeteria plans, life insurance, disability or commuter benefits being withheld correctly? If there is a mistake on your paycheck, there are steps you can take to right the error quickly and prevent a


But when you look at your paycheck, you realize that something doesn’t add up. Were your wages recorded correctly? (For hourly workers, were you paid for all hours worked, and for salaried employees, was your salary was recorded correctly for the pay period?) Are other benefits, such as healthcare, cafeteria plans, life insurance, disability or commuter benefits being withheld correctly? If there is a mistake on your paycheck, there are steps you can take to right the error quickly and prevent a
More than 50% of US workers have had a mistake on their paycheck—here’s what to do Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: carmen reinicke, jamie grill, getty images
Keywords: news, cnbc, companies, issue, mistake, withheld, bill, workers, paycheck, recorded, pay, correctly, paycheckheres, look, worked, 50


More than 50% of US workers have had a mistake on their paycheck—here's what to do

Payday is finally here and you’re ready to collect your hard-earned cash. But when you look at your paycheck, you realize that something doesn’t add up.

More than half of workers in the United States have experienced an issue with their paycheck at some point in their career, according to a 2017 survey from The Workforce Institute at Kronos Incorporated.

“Errors are going to happen,” Bill Dunn, director of government relations for the American Payroll Association, tells CNBC Make It. “They are not common, but they do happen.”

Instead of missing out on money you’ve worked hard for, or getting hit with a painful bill come tax time, review your pay stub regularly, and look closely at the following:

Were there changes in gross or net pay?

Were your wages recorded correctly? (For hourly workers, were you paid for all hours worked, and for salaried employees, was your salary was recorded correctly for the pay period?)

Were taxes withheld, both federal and state?

Are your 401(k) (or other retirement account) contributions correct?

Are other benefits, such as healthcare, cafeteria plans, life insurance, disability or commuter benefits being withheld correctly?

If there is a mistake on your paycheck, there are steps you can take to right the error quickly and prevent any future mistakes from becoming a larger issue.


Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: carmen reinicke, jamie grill, getty images
Keywords: news, cnbc, companies, issue, mistake, withheld, bill, workers, paycheck, recorded, pay, correctly, paycheckheres, look, worked, 50


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Amazon move off Oracle caused Prime Day outage in warehouse

“Also, it appears they would have been able to diagnose the problem sooner if they were using Oracle’s database, which could possibly have reduced the outage duration.” An Amazon spokesperson played down the issue in an emailed statement and said there was no outage, even though the internal document states that the database “degradation resulted in lags and complete outages.” The Ohio warehouse is the largest of the 13 warehouses that moved its database off Oracle prior to Prime Day. During the


“Also, it appears they would have been able to diagnose the problem sooner if they were using Oracle’s database, which could possibly have reduced the outage duration.” An Amazon spokesperson played down the issue in an emailed statement and said there was no outage, even though the internal document states that the database “degradation resulted in lags and complete outages.” The Ohio warehouse is the largest of the 13 warehouses that moved its database off Oracle prior to Prime Day. During the
Amazon move off Oracle caused Prime Day outage in warehouse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: eugene kim, getty images
Keywords: news, cnbc, companies, day, outage, spokesperson, warehouse, database, oracle, issue, prime, packages, amazon, period, resulted, shipping, caused


Amazon move off Oracle caused Prime Day outage in warehouse

“It’s quite possible the outage would not have occurred if Amazon had stuck with Oracle,” said Matt Caesar, a computer science professor at the University of Illinois at Urbana-Champaign, after CNBC shared the details of the document. “Also, it appears they would have been able to diagnose the problem sooner if they were using Oracle’s database, which could possibly have reduced the outage duration.”

An Amazon spokesperson played down the issue in an emailed statement and said there was no outage, even though the internal document states that the database “degradation resulted in lags and complete outages.”

“It is important to point out that there was never an outage at the facility, and the issue only resulted in delaying shipping of about one percent of packages for a short period of time,” the spokesperson said. “This issue was quickly diagnosed and resolved.”

The Ohio warehouse is the largest of the 13 warehouses that moved its database off Oracle prior to Prime Day. During the Prime Day period, it handled over 1.1 million packages per day, the documents say. All services and software that handle inventory and shipping data had been migrated to Aurora in those warehouses.

The outage, which lasted for hours on Prime Day, resulted in over 15,000 delayed packages and roughly $90,000 in wasted labor costs, according to the report. Those costs don’t include all the lost hours spent by engineers troubleshooting and fixing the errors or any potential lost sales.


Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: eugene kim, getty images
Keywords: news, cnbc, companies, day, outage, spokesperson, warehouse, database, oracle, issue, prime, packages, amazon, period, resulted, shipping, caused


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