January 28, 2020
Why The Coronavirus May Dwarf SARS’ $40B Economic Toll
Certain events stand out in stark relief for reminding us of just how interconnected the global economy is in the 21st century. Bank runs. Trade wars. And now, most recently, the...
January 27, 2020
MacKenzie Bezos Unloads $400M In Amazon Stock
The ex-wife of Amazon Founder and CEO Jeff Bezos, MacKenzie Bezos, has sold $400 million of her stake in Amazon, according to a report by CNBC. The move was reported...
January 21, 2020
Luxury Brands Vacate Hong Kong Leases
As the retail luster of Hong Kong dissipates, luxury fashion retail brands LVMH and Prada are dropping their leases. At the same time, prime retail rents fell late last year...
January 20, 2020
US-funded VPNs, Apps See Increased Usage In Iran
U.S.-backed virtual private networks (VPNs) are working to help Iranians circumvent internet censorship from their own government. The outreach is intended to help anti-regime protesters get access to free internet...
January 16, 2020
Amazon To Launch Sixth Pop-Up Store In Seattle
Amazon has announced that it is opening a pop-up store at its headquarters in Seattle, according to a report by GeekWire. The store is an expansion of one of Amazon’s...
January 16, 2020
India Unimpressed By Amazon’s $1B Infusion
During a visit to India by Amazon CEO Jeff Bezos and following the announcement of a $1 billion investment, the country’s trade minister Piyush Goyal said the eCommerce giant isn’t...
January 15, 2020
Why India Is Greeting the World’s Richest Person With Protests—and...
By Ravi Agrawal & Kathryn Salam, Foreign Policy Welcome to Foreign Policy’s weekly South Asia Brief. The highlights this week: India hits Amazon and Walmart with an antitrust case, a Pakistani high court overturns...
January 15, 2020
Top News In Payments: Amazon Invests $1B In India SMBs;...
In today’s top payments news, Amazon plans to invest $1 billion in small and medium-sized businesses in India. Plus, in fourth quarter earnings, Wells Fargo reports card spending growth and...
January 15, 2020
India: Amazon invests $1B despite antitrust probe
Amazon CEO Jeff Bezos arrived in India amid protests and an antitrust probe to attend a two-day summit and extend a $1 billion investment to digitize the country, according to...