Category Archives: Blog

Amazon shutting down wholesale distribution in third business exit in India

Amazon is shutting down its wholesale distribution business in India, the latest in a series of retreats for the retailer in the key overseas market where it has deployed over $7 billion in the past decade. The American e-commerce giant said Monday that it is discontinuing Amazon Distribution, its wholesale e-commerce website available in small…

Oil prices dip to their lowest level in 2022 as Covid protests in China intensify

Protests against draconian Covid-zero measures have spread in China as frustrations build after three years of pandemic restrictions. Kevin Frayer/Getty Images Crude-oil prices tumbled on Monday over COVID-19 protests in China. The fear of unrest in the world’s second-largest economy hit market sentiment, sending shares in Hong Kong and China tumbling. China reported 40,052 new…

Iran state media wants the US banned from the World Cup after the team posted photos meant to show solidarity with Iranian protestors

Girls carry the flag of Iran in the stadium during the FIFA World Cup Qatar 2022 Group B match between Wales and Iran at Ahmad Bin Ali Stadium on November 25, 2022 in Doha, Qatar. Marvin Ibo Guengoer – GES Sportfoto/Getty Images Iran state media has said it wants the US kicked out of the…