Amazon documents reveal company’s secret strategy to dodge India’s regulators

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. The former press secretary to U.S. President Barack Obama, Carney was scheduled to talk with India’s ambassador to the United States in Washington, D.C. In Delhi, the Indian government had just announced foreign direct investment regulations that threatened […]

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China’s Baidu beats revenue estimates on strong cloud, AI demand

China’s Baidu Inc reported quarterly revenue above Wall Street expectations on Wednesday, helped by a recovery in advertising and an uptick in demand for its cloud services and artificial intelligence platforms. The results come as Baidu beefs up its autonomous and smart transport technology to tap into the fast-growing electric-vehicle market and diversify revenue sources. […]

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