Amazon abruptly dropped plans for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly US$3bil (RM12bil) in incentives promised to what is already one of the world's richest, most powerful companies.
"We are disappointed to have reached this conclusion – we love New York," the online giant from Seattle said in a blog post announcing its withdrawal.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!