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May 24, 2020

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Investments

Facebook takes $5.7 bn stake in India's Jio digital platforms

Facebook takes $5.7 bn stake in India's Jio digital platforms

Facebook has taken a $5.7 billion stake in the Jio digital platforms business of India's richest man, Mukesh Ambani, in one of the country's biggest foreign investments, the companies said Wednesday.The deal will give the US social media giant a 10 percent s

Facebook takes $5.7 bn stake in India digital platforms

Facebook takes $5.7 bn stake in India digital platforms

Facebook has taken a $5.7 billion stake in the Jio digital platforms business of India's richest man Mukesh Ambani, the two sides said Wednesday, marking one of the biggest foreign investments in the country.The deal will give the US social media giant a 10 p

Amazon highlights taxes paid in pushback against critics

Amazon highlights taxes paid in pushback against critics

Amazon said Friday it paid more than $1 billion in US federal income taxes in 2019 as it pushed back at criticism over its corporate responsibility.A blog post by Amazon sought to highlight its investments and contributions to the US economy, in a move to fend

US GDP growth unrevised in 3rd quarter at 2.1%

US GDP growth unrevised in 3rd quarter at 2.1%

US officials on Friday confirmed their picture of moderate but steady economic growth in the third quarter of this year, while estimated investments by companies improved slightly.Amid low unemployment and steady job growth, the numbers should offer some comfo