Good morning, were you affected by the BMO outage? If yes, good news, it’s back online, find out what happened.

In The North today:

• BMO is back online but expect transaction delays.

• WeWork makes a comeback after bankruptcy.

• SpaceX launched Starship, now stage two begins.

• Trump hush-money trail verdict is in.

• 5 tools to boost your productivity.

BANKING

🏦 BMO is back online but expect transaction delays

The Bank of Montreal (BMO) has restored its online banking services after an overnight disruption caused by a false fire alarm at a data center.

The details:

• Overnight technical issues led to a service disruption.

• Some customers may experience delays in transaction processing.

• The bank has not specified the number of affected clients.

• BMO advises customers to check their website and social media for updates.

WORKSPACE

💼 WeWork makes a comeback

A U.S. bankruptcy judge approved WeWork's Chapter 11 bankruptcy plan, enabling the co-working giant to eliminate $4 billion in debt and restructure its equity.

The details:

• The co-working space company plans to operate 337 shared office spaces, with over 170 in the U.S. and Canada.

• Bankruptcy allowed renegotiation of rent and lease cancellations, reducing future rent costs by over $12 billion.

• Top shareholder SoftBank retains a minority stake due to prior loans.

The comeback: CEO David Tolley credits the successful restructuring to the dedicated team and loyal members. WeWork’s successful restructuring allows it to exit bankruptcy debt-free, positioning the company for a more sustainable future in the competitive co-working market.

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SPACE

🚀 SpaceX launched Starship, now stage two begins

SpaceX's Starship rocket is scheduled for its fourth launch on June 5, targeting a milestone achievement of safe atmospheric reentry for its second stage.

The main focus is on evaluating the second stage's reusable heat shield during reentry. Elon Musk emphasized the challenge of creating a resilient orbital return heat shield. The heat shield comprises around 18,000 ceramic hexagonal tiles.

Why this matters: Previous launches ended in mid-air explosions or disintegration, providing crucial data for improvements.

Achieving full reusability for both rocket stages could drastically reduce launch costs and increase payload capacity, pushing space travel and cargo missions to new heights.

• 🍔 Amazon Prime US subscribers will now get Grubhub food delivery for free.

• 📉 Trump media shares drop after former president gets convicted in hush-money trail.

PRODUCTIVITY

🛠️ 5 Tools to Boost Your Productivity

1. 🐙 Decktopus: An AI-powered presentation generator.

2. 🎨 Looka: AI-powered platform to design a logo and build a brand in seconds.

3. ⚙️ Bardeen: A no-code automation tool to enhance workflow productivity.

4. 🔥 Jasper: AI copywriter assistant to generate any kind of marketing copy.

5. 📊 Speak AI: Turn your language data into insights, fast and with no code.

FEEDBACK

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