Meanwhile the price wars continue. On a conference call with reporters last week, Amazon CFO Brian Olsavsky noted that Amazon made seven AWS price reductions during Q4 — which is one reason the division’s quarterly operating income grew by just 60 percent year-over-year, down from triple-digit growth rates in quarters past.
Mayor of Beijing Cai Qi said that the rich historical and cultural heritage in Beijing should be well protected to improve its construction of Beijing as a national cultural center during an inspection and study on the protection and application for world heritage of the Central Axis of Beijing.
Meanwhile, Chinese Ambassador to Egypt Liao Liqiang said the current visit to Egypt by the CPSSC delegation aims to enhance cooperation between the two countries, noting the Egyptian-Chinese Business Forum has provided an excellent opportunity to reach this aim.
Meanwhile, World Bank President Jim Yong Kim said his organization was committed to bringing capital to the table, to meet the huge financing demand for infrastructure development in the countries participating in the program.
Meanwhile, the Fed said it intends to conclude the reduction of its aggregate securities holdings at the end of September.
Meanwhile, the US affirmed in the agreement that it will expeditiously consider pending requests by Chinese financial institutions, including CITIC Group, China International Capital Corp and China Reinsurance Group.
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Maybe that was the reason, and if you believe that, I have a Great Wall to sell you.
Meanwhile, an electricity transmission expressway has been built in Ethiopia, laying a solid foundation for energy interconnection throughout East Africa. The Grand Ethiopian Renaissance Dam, which was constructed by China Electric Power Equipment and Technology, a subsidiary of State Grid of China, has set the record for the longest transmission path, the highest voltage level, and the greatest output capacity in East Africa.
Meanwhile, businesses will be asked to adopt new technology to forestall risks — facial recognition to examine the identity of drivers and big data to detect hazards, such as deviation from the right path and unreasonable, long stops.
Meanwhile, Yao Jing, China's ambassador to Pakistan, reiterated that China is Pakistan's close friend and steadfast partner, at a meeting with Pakistan's Foreign Minister Shah Mahmood Qureshi on Friday.