Business

India’s business hardest hit by Covid-19 outbreak, Amazon says

[ad_1] Amazon said Friday that the biggest impact it faced due to the Covid-19 pandemic was in India. During the company’s earnings call on Friday, Brian T. Olsavsky, Amazon’s senior vice president and chief financial officer, said the e-commerce company was only delivering essential goods, such as groceries, cutting many …

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Elon Musk stated that he is selling ‘almost all’ his physical belongings and ‘will not own a house’, and that Tesla’s stock price is ‘too high’

[ad_1] Elon Musk announced Friday that he is selling “almost all” of his physical belongings, including his homes. The billionaire CEO of Tesla added that “he will not own a house” in a tweet on Friday morning. Musk also used Twitter to continue to criticize government shutdowns amid COVID-19, adding …

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ExxonMobil Reports Its First Quarterly Loss Since 1999

[ad_1] ExxonMobil (NYSE: XOM) reported a surprise first-quarter loss on Friday as a result of strong writedowns amid falling oil prices, recording its first quarterly loss since the Exxon and Mobil merger in 1999. Exxon posted a loss of $ 610 million for the first quarter of 2020, compared to …

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India hit hardest among global markets: Amazon

[ad_1] BENGALURU: Amazon has seen the ‘biggest impact’ of the virus outbreak in India in its international markets due to the Indian government allowing the sale of essential products only through e-commerce, its chief financial officer Brian Olsavsky said during the earnings call Friday, even when Your global sales led …

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