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Amazon results beat expectations after record holiday sales
Amazon results beat expectations after record holiday sales
Economy
by  AFP

Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season. "This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," CEO Andy Jassy said in a statement.

IMF says central banks should not rush into rate cuts
IMF says central banks should not rush into rate cuts
Economy
by  AFP

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. With inflation now falling in many of the world's advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.

Publicis settles opioid case with US states for $350 mn
Publicis settles opioid case with US states for $350 mn
Economy
by  AFP

Publicis Health will pay $350 million to settle charges from US states that its "predatory and deceptive marketing strategies" worsened the opioid epidemic, New York's top prosecutor said Thursday. Of the $350 million in the settlement, $343 million will go for payments to US states and territories and $7 million for legal feels, Publicis said.