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Amazon post biggest profit in history as pandemic fuels online shopping

31Jul

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Amazon post biggest profit in history as pandemic fuels online shopping

Image Source : AP Amazon post biggest profit in history as pandemic fuels online shopping Riding on surging online sales during the pandemic as people stayed home, Amazon reported solid second-quarter results, registering a 40 per cent increase in net sales to $88.9 billion, compared with $63.4 billion in the same period last year. Net income increased to $5.2 billion in the second quarter, compared with net income of $2.6 billion in second-quarter 2019, the company said in a statement on Thursday. Amazon shares rose 5 per cent in the after-hours trade. "This was another highly unusual quarter, and I couldn't be more proud of and grateful to our employees around the globe," said Jeff Bezos, Amazon founder and CEO. "As expected, we spent over $4 billion on incremental COVID-19-relate...

Important For India, EU To Work Together To Use Technology Benefits: PM

"The future belongs to technology," PM Modi said at the India-EU Summit 2020 (File)New Delhi: Prime Minister Narendra Modi on Wednesday said that it is important for India and the European Union (EU) to work together to fully use the benefits of technology.The Prime Minister said that the 15th India-EU summit was "extremely fruitful" and discussions on COVID-19, multilateralism, trade and investment, among others.The EU was represented by European Council President Charles Michel and European Commission President Ursula von der Leyen."Today's India-EU Summit was an extremely fruitful one. @eucopresident @CharlesMichel, @EU_Commission, President @vonderleyen and I interacted on a variety of subjects including the COVID-19 situation, multilateralism, environment, trade, investment, digita...

COVID-19 Can Last for Several Months

For Vonny LeClerc, day one was March 16.Hours after British Prime Minister Boris Johnson instated stringent social-distancing measures to halt the SARS-CoV-2 coronavirus, LeClerc, a Glasgow-based journalist, arrived home feeling shivery and flushed. Over the next few days, she developed a cough, chest pain, aching joints, and a prickling sensation on her skin. After a week of bed rest, she started improving. But on day 12, every old symptom returned, amplified and with reinforcements: She spiked an intermittent fever, lost her sense of taste and smell, and struggled to breathe.When I spoke with LeClerc on day 66, she was still experiencing waves of symptoms. “Before this, I was a fit, healthy 32-year-old,” she said. “Now I’ve been reduced to not being a...