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China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

Industries

Google Cloud London outage knocks out Revolut and UK banks

A power failure at a Google data centre in London disrupted banking apps and websites across Europe on Tuesday morning.

News | 20 October 2026

Google Cloud London outage knocks out Revolut and UK banks

A power failure at a Google data centre in London disrupted banking apps and websites across Europe on Tuesday morning.

It shows how much of Europe’s finance runs on a single cloud zone. One power failure in London, and Europe’s banking apps went dark.

A “power event” in a single Google Cloud zone took down card payments, transfers and logins at Revolut early on Tuesday, and ING Germany customers were locked out of online banking. Users of Lloyds, HSBC and Bank of Scotland also reported problems, though those links are unconfirmed.

Google says the power issue is fixed. For businesses, the bigger story is concentration risk: when many institutions rent the same infrastructure, one failure becomes everyone’s outage.