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PUTRAJAYA: Household spending via e-commerce platforms comprised 23.3% of total household expenditure in Malaysia last year, compared with 11.3% in 2016, according to the Department of Statistics Malaysia (DoSM).
Amazon.com Inc plans to create at least US$100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant.
KUALA LUMPUR: Wholesale and retail trade rose by RM17.5 billion or 26.3 per cent month-on-month (m-o-m) to RM84.4 billion in May 2020 compared to April 2020.
TOKYO: Nissan Motor Co has raised US$7.8bil in financing from its creditors since April as it tries to shore up its cash position in the face of falling sales due to the coronavirus pandemic, its latest annual securities report shows.
NEW YORK: Shares of Tesla Inc surged 13% to a record high on Monday, extending their rally to over 40% in five sessions after analysts raised their price targets on the electric car maker following its strong quarterly deliveries
NEW YORK: After surpassing Toyota Motor Corp as the world’s most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company’s naysayers – with sales of red satin shorts.
SEOUL: At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.
Jobless rate at 3-year high, job availability at 5-year low
TOKYO: Nissan chief executive Makoto Uchida told shareholders yesterday he was giving up half his pay after the Japanese automaker sank into the red amid plunging sales and plant closures in Spain and Indonesia.