Business articles

Amazon shutting down unprofitable Quidsi unit

Amazon on Wednesday confirmed that it is shutting down its Quidsi unit, which runs websites and, due to a persistent lack of profitability there.

India’s parliament passes key tax reform bills

India’s lower house of parliament on Wednesday passed four supporting bills that will pave the way for a landmark tax reform and transform the world’s fastest growing economy into a common market.

Samsung unveils S8 smartphones with virtual assistant

Samsung on Wednesday unveiled its new Galaxy S8 smartphones, incorporating its virtual assistant Bixby, as the market leader seeks to rebound from a chaotic handset recall and a corruption scandal.

China coal imports from North Korea surge in February

The value of China’s coal imports from North Korea surged nearly 40 percent in February, official data shows — the same month Beijing vowed to suspend the trade over Pyongyang’s nuclear and missile tests.