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:
Amazon reaches a new record profit
More from Business
-
OPEC+ agrees another accelerated oil output hike for June
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
-
UAE and Greece in talks to enhance partnership
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
-
TECOM Group sees solid start to 2025
TECOM Group has kicked off 2025 with strong results, reporting a 21 per cent jump in revenue to AED 680 million for the first quarter.
-
Emirates chairman discusses collaboration with PayPal leadership team
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
-
US tariffs show 'no negative impact' at DXB, says Paul Griffiths
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".
News
-
UAE strongly condemns Israeli attacks on SyriaThe UAE has strongly condemned the repeated attacks by Israel on Syria and reaffirmed its commitment to the country's "unity, stability and territorial integrity".
-
UAE President congratulates Australian Prime Minister on re-electionPresident His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a congratulatory message to Australian Prime Minister Anthony Albanese on his re-election on Saturday.
-
Dubai Police divides emirate into 'rural' and 'urban' zonesDubai Police has approved the division of the emirate into designated “urban” and “rural” zones, aiming to "boost security coverage".
