Business

Amazon becomes second company to hit $1 trillion value

Amazon becomes second company to hit $1 trillion value

Apple Inc. may have gotten there first, but Amazon.com's rapid ascent to a $1 trillion market value should put the iPhone maker on notice that its days as the world's most valuable company are numbered. "Amazon's cloud business is an extra growth driver that Apple doesn't have", said Daniel Morgan, portfolio manager at Synovus Trust in Atlanta who describes Amazon's cloud services as its "crown jewel".


Amazon Won’t Be Second to Apple for Long

Amazon Won’t Be Second to Apple for Long

The Seattle-based company has secured their customers loyalty through smart devices like Alexa and the Prime membership - a service that offers free next day deliver as well as music and video streaming perks. According to a report in CBS News, Amazon shares hit $2,050.49 - climbing 1.5 per cent in the morning trade - bringing the company's market value above $1 trillion.


Petrol, diesel prices hit all-time high

Petrol, diesel prices hit all-time high

Last time petrol prices touched an all-time high on May 29, 2018 at Rs 78.43 per litre and Rs 81.06 per litre, Rs 86.24 and Rs 81.43 in Delhi, Kolkata, Mumbai and Chennai, respectively. State oil companies barely import petrol or diesel for the local market but charge customers prices based on the global rates. Officials said the spike in rates is on account of exchange rate falling to a record ₹71 to a dollar, depreciating by ₹2.5 in a month.


California close to enacting nation's strongest net neutrality law

California close to enacting nation's strongest net neutrality law

The bill would prohibit promotions of free streaming for apps, a practice that can stifle the businesses of other websites that don't have the resources to offer such promotions. Wiener said in a statement. The legislation also includes a controversial aspect that allows utility companies like PG&E to raise electric bills to cover the costs associated with wildfires.


China game block over, but new regulations are on the way

China game block over, but new regulations are on the way

The reason for the block on approvals was not clear, though it's been suggested the restructuring of the government body could be why. China is addressing the rising problem of myopia in its children - by cutting games. But as CNN notes , the company has not been allowed to collect revenue from the game in China . Tencent has been amassing a lot of pull in the Chinese market of gaming and especially esports, acquiring rights to publish games like Arena of Valor and ...


Britain's Prime Minister touts for trade in Nigeria

Britain's Prime Minister touts for trade in Nigeria

She also visited British troops in Nairobi where they help to train peacekeepers... Mrs May said Brexit would increase opportunities to extend existing commercial links with Nigeria - the UK's second largest trading partner in Africa - particularly in the area of financial services.