Amazon has decided to pause construction activities at its second headquarters in Arlington, Virginia, following a poor 2022 financial performance that saw the company register over $2 billion in losses. The Seattle-based e-commerce giant is developing its Arlington base, HQ2, in two phases—the Met Park and PenPlace. The company has decided to pause construction in…
Amazon Pauses Headquarter Construction in Virginia After Revenue Losses
EU Unveils Plan to Cut Dependency on China, Others
May 5, 2021
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BRUSSELS —The European Union unveiled on Wednesday a plan to cut its dependency on Chinese and other foreign suppliers in six strategic areas like raw materials, pharmaceutical ingredients, and semiconductors after the pandemic-induced economic slump. The 27-nation bloc outlined the urgency of the task citing Europe’s reliance on China for about half of 137 products…
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