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Business Matters: Amazon shares fall sharply

Amazon shares fall sharply

29/04/2022 GMT

BBC World Service - Business Matters, Amazon shares fall sharply

Amazon sees first loss since 2015 and shares fall 10%

Amazon has announced its first loss since 2015 due to slowing sales and rising costs; we hear more from James Clayton, the BBC's North America tech reporter. Economic activity in the US contracted unexpectedly in the first three months of 2022. The Harvard economist Professor Ken Rogoff tells us whether it signals a possible recession. Indonesia is the world's biggest producer of palm oil and it's a staple of cooking there but prices there have soared and that has led to street protests so the government has reacted by banning exports of palm oil so there's plenty for the domestic market. We hear from the BBC's Asia Editor, Rebecca Henscke. Also in the programme, a mass strike in Sri Lanka has forced the closure of many schools, shops and services. The BBC's Archana Shukla reports from Colombo. Millions of people in India are experiencing a brutal heatwave that is throwing lives and livelihoods out of gear; the India Meteorological Department says some states are recording 120 year highs. We hear more from Dr Vidhya Venugopal, Professor of Occupational and Environmental Health at the Sri Ramachandra Institute of Higher Education and Research in Chennai. Plus, the BBC's Vivienne Nunis explores why sales of brooches have been soaring, and why they can be such a powerful accessory. (Picture description: Amazon logo on phone; Picture credit: Getty Images)

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