Evening Scan

A Google Cloud zone in London went down and took a chunk of UK banking and logistics with it. The kind of outage nobody plans for.

Google Cloud's London zones takes a nap, multiple services disrupted

Lloyds, HSBC, Royal Mail and Revolut all went offline when europe-west2-b failed, with "no workarounds for now" and no recovery time in sight. (The Register)

Ant-backed Mynt, which runs mobile wallet app GCash, rose as much as 2.4% in Manila after raising $841M in the Philippines' largest-ever IPO (paywall)

A roughly $7B valuation and a modest first-day gain. A modest win in a week when IPO news has turned gloomy. (Wall Street Journal)

Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound

Prop 40's one-time 5% billionaire tax goes to a vote in a couple of weeks. The timing of exits is notable. (Fortune)

“No workarounds for now.” — The Register, on Google Cloud's europe-west2-b outage