The sale plan, which is subject to certain conditions, was adopted on 8 Nov last year and will be completed by 31 Jan 2025, according to the company's latest annual report.
An investigation last year showed that Amazon gave preferential treatment for years to a small group of sellers, including Appario, and used them to bypass Indian laws.
Musk, now one of four centibillionaires in the world, has seen his fortune grow by $73.6 billion this year, a jump still smaller than Bezos’s, who is up by $87.1 billion.
Ambani’s JioFiber seeks to tap a burgeoning business where firms from mobile carriers to Netflix Inc. & Amazon.com Inc. are butting heads to offer content.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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