:Amazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The term loan will mature in 364 days with an option to extend for another 364 days, and the proceeds would be used for general corporate purposes.The online re
:Amazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan.
The online retailer has been bracing for likely slower growth as soaring inflation forces businesses and consumers to cut back spending. That, coupled with a strong greenback, dragged Amazon's shares about 50 per cent lower in 2022.
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Amazon secures $8 billion loanAmazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The term loan will mature in 364 days with an option to extend for an additional 364 days and the proceeds would be used for general corporate purposes, Amazon said
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Assassin's Creed Showrunner Jeb Stuart departs from Netflix seriesAs the trend of video game adaptations continues to pick up steam, various streaming services are laying claim to more exclusive projects. Amazon has the live-action God of War and Fallout series under its arm, while Netflix is currently working on its share of the pie, which includes a series adaption of Ubisoft’s flagship game franchise Assassin’s Creed. Three years...
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South Korea fines Tesla $2.2 million for exaggerating driving range of EVsSEOUL : South Korea's antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures.The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the
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Vietnamese boy trapped in concrete pit still out of reach after nearly three daysLocal authorities said the prognosis of the boy’s health is poor. Read more at straitstimes.com.
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AFF Cup: Teerasil doubles up as Thailand and Indonesia reach semi-finalsDefending champions Thailand and last year's beaten finalists Indonesia advanced to the semi-finals of the 2022 ASEAN Football Federation (AFF) Mitsubishi Electric Cup on Monday (Jan 2) with wins over Cambodia and the Philippines respectively. The Thais sealed top spot in Group A as Te
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NFL-Bills safety Hamlin overcame childhood adversity to reach NFLDamar Hamlin was living the NFL dream this season with the Super Bowl-contending Buffalo Bills until suffering cardiac arrest on the field during a nationally televised prime time game on Monday against the Cincinnati Bengals.Hamlin, 24, had his heartbeat restored on the field and remains in critical cond
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