Amazon is returning to China after it was ‘killed’ by JD.com and Alibaba 7 years ago, and the reason is …

Amazon is making a fresh push into China nearly seven years after shutting down its local marketplace, and this time the company is focusing on logistics rather than direct competition with domestic rivals. The e-commerce platform has launched its first Global Warehousing and Distribution (GWD) centre in Shenzhen, marking a new strategy aimed at supporting…

Read More

Indian refiners purchase Iranian oil, pay in yuan

New Delhi: Using the one-month window provided by a temporary US sanctions waiver, Indian refiners purchased Iranian oil and settled payments in Chinese yuan, people aware of the development said on Friday. Iran insists on payment in Chinese yuan for oil to bypass US-led financial sanctions that restrict its access to the dollar-dominated global banking…

Read More