The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Meta, Amazon and Twitter.
Financial experts at the summit in Switzerland also say high inflation will slap Europe with 57 percent.
The announcement of job cuts – the largest in Amazon's history – is being made suddenly because one of the teammates "leaked this information externally", says CEO Andy Jassy.
Local consumer groups say the driving range of most electric vehicles drops by up to 40 percent in cold temperatures when batteries need to be heated.
The European Commission had said it could impose a fine of up to 10 percent of Amazon's total annual turnover if the company were to breach its commitments.
The year 2022 was supposed to be a comeback year after Covid crisis but Russia-Ukraine war, record inflation and climate-linked disasters only made the situation worse.
Oil prices have dropped by around $1 a barrel as Covid19 weakens demand from China, and the US dollar rebounds.
The Chinese e-commerce giant earlier this year reported flat quarterly revenue growth for the first time ever.
What does it mean for China that Nepal has now awarded two joint storage projects totalling 1200MW to India?
Analysts predict Iran could boost its oil exports by 1 million to 1.5 million barrels per day, or up to 1.5 percent of global supply, in six months, following international efforts to revive the 2015 nuclear deal.
Stocks across the board tumbled as jitters about an escalation in regional tension with US House Speaker Nancy Pelosi set to begin a trip to Taiwan, adding to fears about the risk of global recession.
Chinese regulators urged banks to extend loans to qualified projects in the latest effort by the country to ease concerns triggered by a widening mortgage-payment boycott on unfinished houses.
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