Amazon has doubled its profit in the first three months of this year, according to its latest earnings report.
The company now plans to spend $800 million on speeding up its delivery times.
From Washington, Daniel Ryntjes reports:
Search ARN News Centre
Amazon reaches a new record profit
More from Business
-
UAE-Russia services and investment agreement takes effect
An agreement aimed at boosting trade in services and investment between the UAE and Russia has officially come into force.
-
UAE backs closer tourism cooperation at BRICS meeting
The UAE has backed plans to strengthen tourism cooperation between BRICS countries at a ministerial meeting in Jaipur, India.
-
Abu Dhabi DoE expands tech partnerships during US visit
A delegation from Department of Energy - Abu Dhabi (DoE) has concluded an official visit to the United States aimed at expanding partnerships in energy and water innovation, regulation and advanced technology.
-
US, Canada fail to reach a tariff deal, deepen trade war
The United States and Canada have failed to reach a trade deal late on Friday, and the US said it would impose 50 per cent tariffs on some imports from Canada, an escalation of tensions between the two long-time allies.
-
Hudayriyat Island tops Abu Dhabi property sales
Hudayriyat Island has topped Abu Dhabi’s real estate market in sales value for a second consecutive quarter.
