News
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Amazon lost over $200 billion in market value!
More than $200 billion of Amazon’s U.S. stock market value was wiped out in extended trading on Thursday, Reuters reported. Amazon shares plunged 17% after the opening bell, wiping out $190 billion in market value, after the retail and tech giant forecast a sales decline on promotional days...Read more -
“The birds are free,” Musk said as he laid off Twitter’s management.
Elon Musk completed the acquisition of Twitter on Thursday afternoon in San Francisco. His first move after the acquisition was to fire CEO Parag Agrawal, CFO Ned Segal, and legal officer Vijaya Gadde, who received multimillion-dollar payoffs and Musk officially became the company’s top exe...Read more -
Euro Zone inflation hits 70-year high, ECB still set for another big rate
Economic growth in the euro area is reported to be slowing markedly, but the European Central Bank is poised to raise interest rates sharply again. Now central banks in Latvia, the Netherlands and Germany are sounding the alarm as inflation in those countries reaches double-digit levels, the high...Read more -
Latest trend: 60% of these products will be sold online by 2025.
According to the 2021 Pitney Bowes Package Shipping Index, which was released in October, global package volumes hit a new high: A total of 1.59 trillion packages were shipped globally in 2021. That’s a 21% increase from the 1.31 trillion units shipped globally in 2020. On the revenue side,...Read more -
With high inflation in the euro zone, gas prices are negative?
It was reported that operators in the Dutch market were trading gas at a negative price. At noon on the 24th, gas was trading at -15.78 euros /MWh before returning to positive territory. That’s what happened to oil prices at the beginning of the pandemic. In the first few months of the pand...Read more -
Even the Germans who got off work at 5 o ‘clock began to roll madly!
The euro area’s public debt has been piling up, rising to a record 13.11 trillion euros this quarter, as the economy continues to sink amid rising inflation caused by the energy crisis. Prices have soared and the quality of people’s lives has generally declined. German workers are wor...Read more -
Fakes rampant: Wish, an e-commerce platform, has been completely banned by France.
On Friday, October 21, the Constitutional Council reported that French authorities confirmed the effectiveness of severe sanctions imposed on the affordable shopping platform Wish at the end of 2021: The Wish e-commerce site confirmed its exclusion from the regional Google and Apple app stores in...Read more -
Euro area public debt tops 13 trillion euros! Another record high!
Public debt in the eurozone is reported to have hit a new record. Public debt in the euro area rose to a record high of €13.11 trillion in the second quarter of 2022, after topping €12 trillion for the first time in the second quarter, Eurostat reported. Compared with the last quarter of 2019, th...Read more -
That I’m not green? I’ll show you! SHEIN launches used resale feature.
On October 19, SHEIN reportedly announced the launch of “SHEIN Exchange,” an online resale module for consumers to buy and sell used SHEIN products. Following requests from SHEIN fans on social networks to create a space to sell used products, the SHEIN Exchange aims to meet the needs...Read more -
Inside job? Amazon’s own brand accused of plagiarism!
According to the report, Amazon is accused of copying original products from small and medium-sized enterprises, producing bulk copies and selling them at a steep discount, and this practice leads to the branded products it copies being copied. Amazon has been accused of abusing its dominant mark...Read more -
Three billion euros in subsidies for you! Spanish local small and medium-sized enterprises to apply!
The third and final phase of the Kit Digital grant is reportedly already underway. The subsidy can be applied for by phone from Oct 20 and is valid for one year. According to the National statistics office (INE), about 2.8 million self-employed people with up to three employees in a company can a...Read more -
Amazon has just opened a new e-commerce blue ocean in Europe!
According to reports, Amazon Belgium finally opened on October 18. The market is Amazon’s tenth active site in Europe, the latest in a long line of markets that include Poland, Sweden and the Netherlands. Amazon now has sites in 21 countries. It is understood that almost all of the current ...Read more