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Amazon pushes Prime Day to September as it returns to normalcy: WSJ

Amazon.com Inc is scheduling its annual Prime Day shopping promotion for September and allowing unlimited shipments of non-essential goods to warehouses, the Wall Street Journal reported, citing people familiar with the matter.

Markets

Starbucks recoups nearly two-thirds of comparable US sales as stores reopen

Starbucks Corp said on Thursday it had regained nearly two-thirds of its comparable U.S. store sales from the prior year, as it reopened stores and modified operations due to the coronavirus-related restrictions.

Markets

Wage subsidies from Jobs Support Scheme will be used to create new jobs: Singapore banks

SINGAPORE: Local banks in Singapore are using the wage subsidies from the Jobs Support Scheme (JSS) to create new jobs during the COVID-19 pandemic, they told CNA on Thursday (May 21) . In response to queries, a DBS spokesperson said that it will use the payouts to continue hiring...

Markets

Exclusive: Baidu considers leaving the Nasdaq to boost its valuation – sources

Chinese search engine giant Baidu Inc is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.

Markets

TJX’s quarterly sales more than halve amid pandemic

TJX Cos Inc's first-quarter sales more than halved on Thursday, as the off-price retailer's stores and online operations remained shut for most of the quarter due to coronavirus-led lockdowns.

Markets

Amazon taps into food delivery services in India

Amazon.com Inc is rolling out services to deliver food in India, pitting it against established players Swiggy and Zomato in a market that has seen explosive growth in the last few years.

Markets

Trump to visit Ford plant in battleground state Michigan amid tensions with governor

U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state's Democratic governor and differences over the speed at which the country is reopening from its COVID-19 shutdown.

Markets

India’s Swiggy, Zomato start booze deliveries during COVID-19 lockdown

India's top two food-delivery startups, Swiggy and Zomato, will begin delivering alcohol in some cities starting from Thursday, as they cash in on the high demand for booze during the country's coronavirus lockdown.

Markets

While US economy slides, heartland auto dealers cry out for more trucks

Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot.

Markets

Focus: Gap rushes in more robots to warehouses to solve virus disruption

U.S. apparel chain Gap Inc is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the coronavirus pandemic, the company told Reuters.

Markets

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