On a call with analysts Thursday, Amazon CFO Brian Olsavsky admitted that there’s “certainly start-up pain in adding new capacity.”
On Tuesday, rumors went viral on China's social media that JD.com was to reduce its staff by 10 percent and its finance affiliate JD Finance (which has recently been renamed as JD Digits) by 15 percent.
On Wednesday, ADP's report on private sector payrolls showed 2.76 million workers lost their job in May. That's higher than any number before the coronavirus pandemic, but rate of increase continued to decline.
On one hand, the country will use taxation and other fiscal policies to facilitate the clearing-up of overcapacity in more industries and the displacement of market entities of low competitiveness with vigorous ones, Liu said.
On the US federal level, the Justice Department and Federal Trade Commission (FTC) are probing Facebook, Google, iPhone maker Apple Inc and online retail king Amazon Inc for potential violations of antitrust law.
On Tuesday, Kim guided a flight drill of the Air and Anti-Aircraft Force of DPRK's army, the KCNA reported.
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On a "business-as-usual" pathway, with little action to limit climate change, it found that amid rising temperatures and extreme weather events, children would be vulnerable to malnutrition and rising food prices, and the most likely to suffer from warmer waters and climates accelerating the spread of infectious diseases such as dengue fever and cholera.
On Tuesday, deputy consul-general at the Chinese Consulate General Ren Faqiang will speak at a hearing of the California State Assembly on the status and continuing economic opportunities with China, one of the Golden State's largest trading partners.
On Tuesday, Huawei unveiled its Mate 10 Pro at CES 2018 in Las Vegas.
On a call with investors Tuesday, FedEx CEO Fred Smith said Amazon is a “good customer of ours.” He went on to say that “we don’t see them as a peer competitor,” referring to Amazon.