Amazon.com Inc. on Tuesday joined Apple Inc. in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months.
If the online retailer’s share price continues at its recent pace, it will be a matter of when not if, Amazon’s market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on Aug. 2.
Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years. While Apple’s iPhone and other devices remain popular and its revenues are growing, it is not keeping up with Amazon’s blistering sales growth.
Amazon has impressed investors by successfully diversifying its business into virtually every corner of the retail industry, altering how consumers buy products and putting major pressure on many brick-and-mortar stores. It also provides video streaming services and bought upscale supermarket Whole Foods. And its cloud computing services for companies have become a major driver of earnings and revenue. — Reuters
San Francisco, USA – The United States tech multinational Amazon announced Thursday that it would protest the Pentagon’s award to Microsoft of a cloud computing contract valued at up to $10 billion.
Amazon’s cloud unit Amazon Web Services had been the favorite to win and already had a contract with the Central Intelligence Agency.
Its founder Jeff Bezos is often a target of US President Donald Trump’s ire. Bezos also the Washington Post – one of the news outlets most critical of the president’s administration and which has been the subject of his outbursts.
The Seattle company said in a statement that “numerous aspects of the JEDI (Joint Enterprise Defense Infrastructure) evaluation process contained clear deficiencies, errors, and unmistakable bias, and it’s important that these matters be examined and rectified.”
“We also believe it’s critical for our country that the government and its elected leaders administer procurements objectively and in a manner that is free from political influence,” AWS said.
The comment appeared to be directed at Trump, who on July 19 called for an investigation of the Pentagon contract.
“I’m getting tremendous complaints about the contract with the Pentagon and Amazon,” Trump told reporters at the time. “I will be asking them to look very closely to see what’s going on,” he added, according to EFE/Dow Jones.
The Pentagon has more than 500 separate clouds. The JEDI contract is designed to serve as an umbrella system to rationalize that number and provide the military with access to services that better keep up with the pace of technology in civilian markets.
In addition to the economic value of the deal itself, its importance goes even further as the Pentagon’s largest technology contract in history is seen as a pioneer that other government agencies would follow.
At the time of announcing the award, the Department of Defense assured that all parties “were treated fairly and evaluated consistently with the solicitation’s stated evaluation criteria.” – EFE-EPA
Firefighters battling raging wildfires in Bolivia were evacuated to hospitals in Santa Cruz on Thursday (September 19) after they collapsed from exhaustion.
Blazes have burned unabated across vast swaths of hilly forest and savannah near Bolivia’s border with Paraguay and Brazil. More than a million hectares, or approximately 3,800 square miles, have been impacted by the fires, officials have said.
The fires have left behind an uncountable death toll of flora and fauna. These animals in this refuge are the lucky ones.
This anteater has its paws bandaged after they were burnt by hot earth.
Bolivia is one of the poorest nations in the western hemisphere, but one of the richest in biodiversity. Swathes of the country has been left charred, barren from the fires and will be unable to sustain animal life for a while to come.
A Human Rights Watch report on Tuesday (September 17) found that more than 300 people have been killed over the past decade in conflicts over the use of land and resources in the Amazon, many by organized criminal networks profiting from illegal deforestation.
Of those cases, only 14 were tried in court, the non-profit said the report was based on 170 interviews.
“This really shows the level of impunity,” Cesar Munoz, a senior investigator at Human Rights Watch told Reuters on the sidelines of an event in Sao Paulo to discuss the report.
About 60% of the Amazon rainforest, considered a crucial barrier against climate change, lies in Brazil. Destruction of the forest has surged this year, and the highest number of fires since 2010 has drawn worldwide condemnation of the policies of President Jair Bolsonaro, who advocates opening the Amazon to development.
Human Rights Watch traveled to several Brazilian states between 2017 and the first half of this year to research the report, which showed that almost half of the murders linked to deforestation took place in the Northern state of Para.
Bolsonaro has weakened Brazil’s environmental enforcement agency Ibama, cut its budget by 25% and restricted the ability of field agents to torch the equipment of those found committing environmental crimes, Reuters has reported.
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