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World Business Report: First broadcast 2019/02/14 22:32 GMT: Amazon Cancels NYC Campus Plan

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Amazon Cancels NYC Campus Plan

First broadcast 2019/02/14 22:32 GMT

First broadcast 2019/02/14 22:32 GMT: Amazon Cancels NYC Campus Plan

BBC World Service - World Business Report, Amazon Cancels NYC Campus Plan

The internet giant faced local opposition over more than $2 billion in subsidies

The internet giant faced local opposition over more than $2 billion in subsidies it had been promised.

The internet giant has said it will not build a new headquarters in Long Island City after facing local opposition over more than $2 billion in subsidies it had been promised. Professor Ari Ginsberg from NYU's Stern School of Business thinks it's a lost opportunity. Also in the programme, Germany narrowly avoided a recession during the final three months of last year, registering zero growth during the fourth quarter. Berlin-based businesswoman Stephanie Bschorr gauges the health of the country's economy. We hear from young people in Nigeria about their hopes for a more prosperous future ahead of this weekend's general election. Our regular US economic commentator, Irwin Stelzer of the Hudson Institute, asks what Amazon's board may be making of its chief executive's spat with the US tabloid newspaper the National Enquirer. Plus, on Valentine's Day, our reporter asks whether when it comes to finding a life partner, you should let your heart rule your head, or the other way around.

(Picture: Boxes with the Amazon logo turned into a frown face stacked up after a protest against Amazon in Long Island City; Credit: Drew Angerer/Getty Images)

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