ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message …
Read More »Amazon tumbles as profit declines for first time in two years
Bloomberg Amazon.com Inc’s effort to get packages from warehouse to doorstep in a single day helped push the retail giant to its first year-over-year quarterly profit decline since early 2017. The spending binge isn’t over. Amazon Chief Financial Officer Brian Olsavsky said that the costs of the company’s one-day delivery push will total some $1.5 billion during the holiday quarter. …
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