Amazon is preparing to cut tens of thousands of corporate positions as part of a major restructuring effort, according to several media reports. The layoffs could begin as early as this week. Reports from The Wall Street Journal and Reuters state that Amazon plans to remove up to 30,000 jobs. The move is part of a company-wide cost overhaul led by chief executive Andy Jassy, aimed at boosting efficiency after years of rapid expansion. Amazon declined to comment when contacted by international news organizations. Biggest workforce reduction in recent years If confirmed, the layoffs would be among the largest in…
Author: Grace Johnson
Grace Johnson
Grace Johnson is a freelance journalist based in Beijing with over 15 years of experience reporting on Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. She earned her degree in Communication and Journalism from the University of Miami. Throughout her career, she has contributed to major outlets including The Miami Herald, CNN, and USA Today. Known for her clear and engaging reporting, Grace delivers accurate and timely news that keeps readers informed on both national and global developments.
Real Madrid delivered a powerful performance at the Bernabéu. Xabi Alonso’s team defeated Barcelona 2-1 to extend their lead at the top of La Liga to five points. Jude Bellingham returned to form with his first league goal and assist of the season after recovering from shoulder surgery. Kylian Mbappé stayed lethal in front of goal and led the attack with confidence. Alonso’s tactical debut in El Clasico was nearly perfect. Yet, the night ended with tension as Vinicius Jr reacted angrily to his substitution. The Brazilian winger was visibly frustrated when taken off in the 72nd minute. He ignored…
Beijing’s real estate market is showing signs of stabilization after recent policy adjustments, with a modest uptick in transaction volumes. Analysts say renewed buyer confidence and the easing of purchasing restrictions have contributed to the improvement. The increase in activity follows a period of slowdown, during which the city experienced declining sales and lower demand. Adjustments to mortgage policies and relaxed purchase limits have encouraged buyers to re-enter the market. Industry experts note that modest recovery in Beijing’s property market indicates cautious optimism among homebuyers. Many buyers are taking advantage of improved affordability and more flexible lending conditions, prompting a…
US President Donald Trump has announced new tariffs on Canadian goods after Ontario broadcast an anti-tariff advertisement featuring former President Ronald Reagan. Trump condemned the ad as a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he wrote on social media on Saturday. Relations between Washington and Ottawa deteriorate further Trump’s move came just two days after he withdrew from trade talks with Canada,…
China has unveiled its 15th Five-Year Plan, highlighting a strong push for technological self-reliance and domestic growth. The plan focuses on reducing dependence on foreign technology while boosting local industries. Officials say the strategy aims to strengthen China’s position in global trade and innovation. Key sectors in the plan include semiconductors, artificial intelligence, and green energy. By investing in these areas, China hopes to enhance domestic production, improve efficiency, and create high-value jobs. Experts note that technological advancement is central to the country’s economic resilience and long-term growth. The plan also emphasizes stimulating domestic demand. Measures include incentives for local…
Beef prices in the United States have exploded to record highs, sparking frustration among consumers and farmers alike. What began as an economic challenge has now turned into a political storm threatening Donald Trump’s promise to make groceries affordable again. Trump, who once declared inflation “dead,” is now urging ranchers to lower cattle prices. But his calls — and new plans from his administration — have stirred anger across rural America, where ranchers say his approach could destroy livelihoods without helping families at the checkout. The disappearing heart of US cattle country The American cattle industry has been shrinking for…
US President Donald Trump will meet Chinese President Xi Jinping in South Korea on 30 October. The White House confirmed the long-anticipated meeting, set to take place on the sidelines of a major regional summit. The encounter has been in preparation for several weeks but was clouded by rising tensions between Washington and Beijing. It will be the first direct meeting between the two leaders since Trump returned to office. Trump has warned that he will impose a 100% tariff on Chinese goods in November if Beijing refuses to ease restrictions on rare earth exports. White House outlines plans for…
Tesla reached its highest quarterly revenue, yet profits fell sharply. Rising tariffs, growing research costs, and global competition pressured earnings despite strong sales. Record revenue masks profit decline For the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, up 12% from last year. Profits fell 37% due to higher tariffs and increased spending on research and development. Investors reacted cautiously. Tesla shares dropped 3.8% in after-hours trading. Still, the company’s market value remains around $1.4 trillion, driven by confidence in Elon Musk’s long-term ambitions in AI and robotics. US tax credit drives sales surge Tesla reversed a…
Goldman Sachs has projected a 30% rally in China’s stock market by the end of 2027, highlighting confidence in the country’s “slow bull market.” The investment bank attributes the expected growth to supportive government policies, economic expansion, attractive valuations, and increased capital inflows. The forecast indicates strong potential for China’s major indices, including gains across technology, artificial intelligence, and small-cap A-shares. Analysts expect these sectors to benefit the most from structural growth trends and policy incentives. Goldman Sachs emphasized that policy support, including financial reforms and investment-friendly regulations, is a key driver behind the optimistic outlook. Government measures aimed at…
Donald Trump said he did not want a “wasted meeting” after cancelling plans for direct talks with Russian President Vladimir Putin about the war in Ukraine. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to halt fighting along the current front line blocked any chance of real progress. White House shelves Budapest summit A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” The announcement came only days after Trump had said the two leaders would meet in Budapest within two weeks. This week exposed growing differences between…
