Amazon surpassed Walmart in quarterly revenue for the first time, with $187.8 billion in the fourth quarter compared to Walmart’s $180.5 billion, marking a shift in their long-standing ranking. While Walmart continues to lead in annual sales, Amazon is projected to close the gap, with revenue expected to reach $700.8 billion in 2025. Amazon’s revenue growth is driven by its retail unit, cloud computing, advertising, and seller services, with third-party seller services accounting for 24.5% of total sales and Amazon Web Services for nearly 17%. Walmart has emulated Amazon’s strategies by launching a third-party marketplace, advertising business, and loyalty program, Walmart+, to compete with Amazon Prime.
Full Article
Trump Has Turned Europe Upside-Down By Siding With Russia. But Is It Just A Distraction?
Donald Trump has stirred controversy by siding with Putin over Ukraine, suggesting concessions and offering military support in exchange for rare minerals. Despite Trump's inflammatory language, Putin's position is not as strong as it seems, with sanctions affecting Russia's oil revenues and economy. While Trump's comments have disrupted western diplomacy, officials advise focusing on underlying issues rather than surface-level statements. Full Article
Read more