Jeff Bezos unloads $4b of Amazon stock in a week

Washington: Jeff Bezos continued his selling spree. Amazon.com Inc.’s founder and chief executive officer disposed of 2 million shares in the past week, collecting more than $4 billion (Dh14.6 billion), according to regulatory filings. His latest sales were disclosed on Friday as the company’s stock hit fresh highs. The transactions are part of a pre-arranged […]

Economic impact of virus widens as Ericsson exits trade show

BEIJING (AP): More than a month after the outbreak of China’s deadly virus, the economic damage is being felt by more businesses and is threatening the outlook for the global economy. In a report Friday, the Federal Reserve warned that the virus represents an international risk. “The recent emergence of the coronavirus,” the Fed said […]