Amazon's revenue surges by 43 per cent pushing shares to record high

Company has become a recurring target for Donald Trump
Amazon’s profits surged past Wall Street predictions for the first quarter of 2018, pushing company shares to an all-time high.
The company’s revenue grew 43 per cent year over year to $51bn (£36.6bn), a figure that includes its earnings from acquiring upscale grocery chain Whole Foods and exceeded projections. Earnings per share came in at $3.27 (£2.3bn), outpacing analysts’ estimates of roughly $1.26 (£0.9bn).
Its cloud-computing unit Amazon Web Services also posted strong gains, registering a 49 per cent in sales over the previous year and generating some $1.4 bn (£1bn) in operating income. CEO Jeff Bezos who said the numbers vindicated a longstanding focus on the service.
Read more Amazon will now deliver packages to the boot of your car Amazon forces people to buy James Comey book if they want to review it Amazon Prime has passed the 100 million customer mark, says Jeff Bezos “AWS had the unusual advantage of a seven-yea..

FULANI WAR DRUMBEATS IN NIGERIA – A CLEAR INVITATION FOR DISINTEGRATION

  As the rascality and untamed decimation spree of the monstrous Fulani killer herdsmen (terrorists) assumes a disastrous dimension in Nigeria, it becomes indisputably necessary for all inhabitants to wholesomely support the call of the Indigenous People of Biafra (IPOB) worldwide, for the total dissolution and disintegration of Nigeria. A common Igbo proverb says: “if…

U.S Releases Damning Human Rights Report On Nigeria Under Buhari 10 days Before Talks With Trump

  Washington D.C. – The United States government on Friday released a damning human rights report on Nigeria, saying grave violations continued to increase in 2017 while officials who perpetrated them were almost never prosecuted by the administration of President Muhammadu Buhari.   Why it matters: President Buhari is scheduled to meet with President Donald Trump…

Unlike in U.S., Facebook Faces Tough Questions in Britain

Unlike in U.S., Facebook Faces Tough Questions in Britain

Video

Facebook’s Tech Chief Faces U.K. Lawmakers

Mike Schroepfer, Facebook’s chief technical officer, had an awkward moment on the subject of Russian disinformation in front of the Digital, Culture, Media and Sport Committee at the British House of Commons.

By PARLIAMENTARY RECORDING UNIT, VIA ASSOCIATED PRESS.

Photo by Peter Nicholls/Reuters.

Watch in Times Video »

embed

LONDON — Facebook’s chief executive, Mark Zuckerberg, escaped tough questioning during congressional testimony this month in part because American lawmakers weren’t well versed about how the social network functions. On Thursday, one of his deputies faced a decidedly sharper inquisition from a panel in Britain.
The dueling experiences highlight the different approaches taken on both sides of the Atlantic toward oversight of personal data and the social media giants who hold it. While the United States has largely eschewed regulating companies li..

Npower and SSE merger could push up gas and electricity bills, says competition watchdog

Energy giants told they have to address competition concerns or deal will be referred for full investigation
A planned merger between Npower and SSE could push up electricity prices for customers, the competition watchdog has warned.
The Competition and Markets Authority (CMA) told the two energy giants they have to address its concerns or it will refer the deal for a full investigation.
Several of UK’s “Big Six” gas and electric companies have come under fire in recent weeks after hiking prices.
Read more SSE and Npower announce merger of UK operations The CMA’s initial inquiry found that a tie-up between NPower and SSE could further reduce competition among utilities leaving some customers worse off.
Rachel Merelie, senior director at the CMA, said: “We know that competition in the energy market does not work as well as it might.
“However, competition between energy companies gives them a reason to keep prices down.
“We have found that the proposed merger between SSE Retai..