Bloomberg Amazon.com Inc. investors have traditionally given it a pass on money-losing quarters and narrow profit margins so long as revenue growth kept surpassing expectations. That dynamic flipped, propelling the 24-year-old company into a potentially steadier phase. Amazon reported a record second-quarter profit of $2.53 billion, or $5.07 per share. The Seattle-based company has generated net income of $4.16 billion ...

HODEIDAH / WAM The Emirates Red Crescent (ERC), has sent an urgent relief convoy to the Tuhaita District and other liberated areas of the historic Zubid city in the governorate of Hodeidah as part of the UAE’s emergency relief response to the humanitarian situation in the Red Sea Coast liberated areas. The ERC said the urgent food assistance includes food ...

Bloomberg Major car-producing nations are due to meet without the US to discuss possibly coordinating their response to President Donald Trump’s threat of tariffs. Representatives of the European Union, Canada, Mexico, South Korea and Japan will convene in Geneva on July 31 to debate how to respond if the US imposes levies on car imports, as well as prospects for ...