Russia and China complement one another economically, according to political scientist Joseph Cheng. He said the two countries’ trade could become even more balanced with the help of the Belt & Road Initiative. Read Full Article at RT.com
The German Ambassador to the United States has asked the US Congress to hold back new sanctions against two of Russia’s biggest gas corporations, as further penalties may put energy security of the European Union in jeopardy. Read Full Article at RT.com
Snack giant PepsiCo’s Indian subsidiary is suing nine farmers in the state of Gujarat, telling them to lay-off growing a type of spud used in its popular brand of potato chips. Advocacy groups, meanwhile, have vowed to bite back. Read Full Article at RT.com
Amazon revealed today that it’s working to offer free one-day shipping as the default for Amazon Prime customers, instead of the free two-day Prime shipping primarily offered today. “We’re currently working on evolving Prime two-day to Prime one-day,” says chief financial officer Brian Olsavsky during the company’s first quarter 2019 earnings call.
The new free one-day shipping method should be different from today’s free same-day and free one-day shipping, which usually require you to order at least $35 worth of items. The free one-day shipping also won’t come at an additional cost to consumers, besides the required Prime membership subscription.
“We’re already starting down...
Amazon wants to continue its dominance over e-commerce, but it can only grow so much. In its first quarter earnings posted today, Amazon revealed record-high profit, more than double what investors predicted, and revenue was in line with Wall Street expectations, at $59.7 billion. But the company is again entering a period of high spending that, coupled with its slow revenue growth, may prove an obstacle down the line.
It’s clear Amazon is still an extremely profitable company, as the third most valuable corporation on the planet after Apple and Microsoft. But CEO Jeff Bezos is continuing to invest heavily in artificial intelligence, the smart home, and physical retail, bets that won’t pay off for quite some time. As a result, Amazon is...
Major creators are continuing to remove their shows from Luminary, the $100 million subscription podcast startup, over its business model, and even more are leaving after the company was exposed for using a proxy server that hides listener data from creators.
Joe Rogan’s popular show was pulled from the platform yesterday, and Barstool Sports CEO Erika Nardini said her network’s shows would be pulled, too. The New York Times was already withholding its blockbuster hit The Daily, and Gimlet Media, Anchor, and Parcast — which are all Spotify-owned companies — also didn’t make their shows available at launch.
Now, smaller creators, including Ben Thompson, Owen Williams, and Federico Viticci, are pulling their podcasts, too. Their withdrawal...
