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West Ham's Antonio in hospital after road traffic incidentAmazon India is racing to launch its quick commerce delivery service, codenamed Tez, by late December or early next year as it looks to join the booming sector that notched up gross sales of about $5.5-6 billion this month led by Blinkit, Zepto and Swiggy Instamart, multiple people aware of the details told ET. Earlier, the US giant was aiming to roll out the service in the first quarter of 2025 but is now keen to accelerate the process, they added. More so, as it is the only large ecommerce firm without a presence in what is India’s fastest growing online business. The launch of Tez in India—which is only a working title for the proposed business—will mark Amazon’s first foray into the quick commerce business globally. According to people briefed on the plans, the matter will be discussed in the next monthly review slated for the first week of December—ahead of its annual Smbhav event. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The ecommerce firm is also making fresh hires for the high-priority project in addition to having a core team of employees working on it. Amazon’s India grocery and essentials team described the project as a ‘greenfield, grounds-up initiative for an upcoming and fast-growing ecommerce space in India’, according to a job post. The final name for the quick commerce service is yet to be decided, sources added. ET first reported about Amazon’s plans on a quick commerce offering in its edition of August 28. “They (Amazon) want to launch it sooner than the end of first quarter in India. Quick commerce is where all the action is if you are a meaningful consumer internet platform. They are also following the same model as others—setting up dark stores, figuring out the details of stock-keeping units (SKUs) and categories, and putting logistics infrastructure in place,” another person aware of the matter said. The company is expected to start the service with groceries and daily essentials. An email sent to Amazon India did not elicit any response till press time Sunday. While Amazon India has its own delivery network in India, it has also engaged with other logistics players for quick delivery services. ETtech Quick moves Flipkart—Amazon’s arch-rival in India—launched its quick service, Minutes , before the start of this year’s festive season sales during September-October and has since scaled the service in major cities. Also in the fray is Tata-owned BigBasket, which has made a shift to the quick model, and has clocked over Rs 900 crore in gross sales last month, people in the know said. Meanwhile, Tata Digital—which runs Tata Neu—has also rolled out its own quick commerce service Neu Flash , which was first reported by ET on October 28. Amazon had discussed a potential deal with Swiggy Instamart before the food delivery company listed on the bourses in early November. The rush of capital into the quick commerce sector has only added to all the platforms scaling their operations aggressively. Last week, Zepto raised another $350 million , adding to its over $1 billion cash-pile while Zomato , parent of Blinkit, has also secured shareholder nod to raise another $1 billion through QIP. “We expect the quick commerce market size to overtake that of food delivery in 2026 in terms of gross order value (GOV). Given a larger addressable market, despite high competition, we see scope for each player to grow materially over the next 3-5 years. The challenge of growth and market share loss comes when the overall market itself has matured,” Morgan Stanley said in a note earlier this month on quick commerce and Zomato-Blinkit. “Overall download share of quick commerce apps has increased in the last 6 and 12 months relative to ecommerce apps, as per third party data,” it said. The report estimated a bear and bull case for the quick commerce market at $25 billion and $55 billion, respectively, by 2030. The projections indicate a similar rise in key metrics like households using ultra-fast delivery, monthly transacting users and their frequency of quick orders. Quick commerce is expected to be just under $7 billion in size for 2024. “In our assumptions, we have assumed that high frequency or high value users would increase from one third to almost half of the total platform and they would account for almost 75-80% of the total value of the business by 2030,” the Morgan Stanley note added on its outlook for 10-30 minute delivery services. Amazon India changes Meanwhile, Amazon India has seen a change of guard at the top with company veteran Samir Kumar taking over the India head role following Manish Tiwary’s exit . The local arm of the US firm is also moving its Bengaluru headquarters in January closer to the airport in the city where the total rent outgo will be less. This is in line with the broader changes in Amazon India where it is looking to curtail costs at various operating metrics. Walmart-owned Flipkart continues to be the market leader in the ecommerce sector besides others like Meesho, Tata Neu and Reliance JioMart also operating in the sector. In FY24, Amazon’s India marketplace unit posted a 14% jump in operating revenue at Rs 25,406 crore while also cutting losses by 28% during the year to Rs 3,469 crore. While this is higher than the 3% revenue increase in FY23, it still lagged growth rates seen during the pandemic period, when revenue grew by 32% and 49% in FY22 and FY21 respectively. Its other India units—payments, transportation— saw a modest 7-9% revenue growth while there was a marginal dip in its wholesale business.
Pakistani, Chinese varsities sign MoU to boost partnership in education sectorThe Dallas Cowboys are shutting down CeeDee Lamb for the rest of the season after the star wideout played through a shoulder injury for nearly two months. Lamb initially sprained the AC joint in his right shoulder on Nov. 3 but has not missed any of the Cowboys' first 15 games this season. "Additional examinations and scans this week on CeeDee Lamb's shoulder have determined that his injury has now progressed to a point that he will be listed as ‘Out' for the remaining two games of the season," a team spokesperson said in a statement to media outlets. "He will undergo a process of treatment and rehabilitation for his shoulder, is not currently expected to require surgery and is projected to make a full recovery." The Cowboys (7-8), eliminated from playoff contention, face two division rivals to close the season. They visit the Philadelphia Eagles on Sunday and will host the Washington Commanders in Week 18. Lamb, 25, hauled in 101 receptions for 1,194 yards and six touchdowns this season. It marked his fourth straight 1,000-yard season, and he may be selected to a fourth straight Pro Bowl for his efforts. Lamb signed a four-year, $136 million contract extension in August, covering the 2025-28 seasons. --Field Level MediaCincy, Cleveland, Denver NWSL expansion finalists
Amazon and Starbucks workers are on strike. Trump might have something to do with it Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. Strikes during busy periods like the holidays can help unions exercise leverage during negotiations or garner support from sympathetic consumers. One expert says he thinks workers at both companies are “desperate” to make progress before President-elect Donald Trump can appoint a Republican majority to the National Labor Relations Board. Workers at Starbucks, Amazon and some other prominent consumer brands are fighting for their first contracts after several locations voted to unionize. Bluesky finds with growth comes growing pains — and bots Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter and was eventually intended to replace it. While this is still very much a pie in the sky, Bluesky’s growth trajectory could make it a serious competitor to other social platforms. With growth, though, comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. Farmers are still reeling months after Hurricane Helene ravaged crops across the South LYONS, Ga. (AP) — Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber. Agribusinesses in other Southern states saw costly damage as well. The University of Georgia estimates the September storm inflicted $5.5 billion in direct losses and indirect costs in Georgia alone. In rural Toombs County, Chris Hopkins just finished harvesting his ravaged cotton crop and figures he lost half of it, costing him about $430,000. Poultry grower Jeffrey Pridgen in Georgia's Coffee County had four of his 12 chicken houses destroyed and others badly damaged. Farmers say more government disaster assistance is needed. Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI’s strongest contributors who was essential to developing some of its products. But he grew disillusioned with the company and told The Associated Press this fall he would “try to testify” in copyright infringement cases against it. Federal Reserve's preferred inflation gauge shows price pressures eased last month WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Prices rose just 0.1% from October to November. Excluding the volatile food and energy categories, prices also ticked up just 0.1%, after two months of outsize 0.3% gains. The milder inflation figures arrived two days after Federal Reserve officials, led by Chair Jerome Powell, rocked financial markets by revealing that they now expect to cut their key interest rate just two times in 2025, down from four in their previous estimate. Albania to close TikTok for a year blaming it for promoting violence among children TIRANA, Albania (AP) — Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children. Albanian authorities held 1,300 meetings with teachers and parents following the stabbing death of a teenager in mid-November by another teenager following a quarrel that started on TikTok. Prime Minister Edi Rama, speaking at a meeting with teachers and parents, said TikTok “would be fully closed for all. ... There will be no TikTok in the Republic of Albania.” Rama says the ban will begin sometime next year. Albanian children comprise the largest group of TikTok users in the country, according to domestic researchers. Stock market today: Wall Street rises to turn a dismal week into just a bad one NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. A report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than expected. It’s an encouraging signal after the Fed shocked markets Wednesday by saying worries about inflation could keep it from cutting interest rates in 2025 as much as earlier thought. Starbucks workers begin strikes that could spread to hundreds of US stores by Christmas Eve Workers at U.S. Starbucks stores have begun a five-day strike to protest a lack of progress in contract negotiations with the company. The strikes began in Los Angeles, Chicago and Seattle and could spread to hundreds of stores across the country by Christmas Eve. Workers at 535 of the 10,000 company-owned Starbucks stores in the U.S. have voted to unionize. The Starbucks Workers United union accuses the Seattle-based coffeehouse chain of failing to honor a commitment made in February to reach a labor agreement this year. Starbucks says the union prematurely left the bargaining table this week. It said Friday there's been no significant impact to store operations. It's beginning to look like another record for holiday travel Drivers and airline passengers without reindeer and sleighs better make a dash for it: it’s beginning to look like another record for holiday travel in the U.S. The auto club AAA predicts that more than 119 million people will travel at least 50 miles from home between Saturday and New Year’s Day. The two weekends on either side of Christmas are tempting a lot of people to head out earlier. U.S. airlines expect to have their busiest days to be Friday and Sunday this week and next Thursday, Friday and Sunday. A government shutdown that could start as soon as Saturday was not expected to immediately affect flights and airport operations. Amazon workers are striking at multiple facilities. Here's what you should know Amazon workers affiliated with the Teamsters union are on strike for a second day at seven of the company’s delivery hubs just days before Christmas. At midnight on Saturday, the Teamsters say workers at a prominent unionized warehouse in New York will also join. The union has not indicated how many employees were participating in the walkout or when it will end. The Teamsters say the workers were continuing their strike on Friday after Amazon ignored a Sunday deadline the union had set for contract negotiations. The company says it doesn’t expect the strikes taking place in Southern California, San Francisco, New York City, Atlanta, and Skokie, Illinois, to impact holiday shipments.SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PDCO, NURO, PWOD, CARA on Behalf of ShareholdersSave Log in , register or subscribe to save articles for later. Save articles for later Add articles to your saved list and come back to them any time. Got it Normal text size Larger text size Very large text size Michelle Rowland once confessed she had a vice. It was “excessive online clothes shopping”, Rowland told this masthead in 2021 , when she was Labor’s communications spokeswoman. “I blame Instagram.” Now the communications minister with responsibility for regulating social media, Rowland is doing something to curb its influence. The politician known for having such a lawyerly, cautious approach that she reads from notes even in private meetings has taken the audacious step of banning under 16s from social media . The move has outraged technology giants and generated headlines around the world. “We would like that something very similar could be put in place, enforced in Europe,” French Education Minister Anne Genetet said. “We absolutely urgently need something to be put in place.” Michelle Rowland has strong backroom relationships. But they have not been enough to advance major parts of the government’s agenda that she is overseeing. Credit: Alex Ellinghausen That Australia is out ahead of any other country is all the more striking because two of Rowland’s other priorities – a bill to ban lies online and a crackdown on gambling ads – are dead or dying. Rowland’s critics blame the minister for that. “Minister Rowland seems to operate under the belief that she doesn’t have to bring anyone along with her on her legislation and policies,” Greens communications spokesperson Sarah Hanson-Young says. “For the communications minister, she’s not a great communicator.” But the wooden exterior belies a different Rowland. Behind the closed doors of the Labor Party, colleagues know her as funny (the type of minister who leaves odd snacks on staff desks), sharp and influential. Advertisement Rowland, they say, is in her dream job. She is the first sitting MP since Paul Keating to serve as NSW party president, a role in which she has helped keep internal NSW Labor dramas off the front page as the state branch won an election after more than a decade in opposition. The former communications and regulatory lawyer, who worked with star lawyer Danny Gilbert and Australian Competition and Consumer Commission chair Gina Cass-Gottlieb, cares about her portfolio and knows it inside out. Loading Growing up in the western Sydney electorate of Greenway that she represents, Rowland rose through the ranks of Young Labor before marrying Michael Chaaya, a corporate lawyer who could not speak English when he started school in Mount Druitt. The pair regularly attend a Maronite church together, grounding her views in favour of religious freedom and against antisemitism. In 2009, Rowland was a senior lawyer at Gilbert+Tobin when an electoral redistribution flipped Greenway from a safe Liberal seat to a winnable prospect for Labor. Rowland won it the next year and began a steady rise through the party that has won her fans in Labor’s most senior ranks. Treasurer Jim Chalmers secured her a position on the powerful cabinet expenditure review committee that signs off on government spending – a rarity for a communications minister. “She is very smart, very thorough and very tough,” one senior minister says. “She has a lawyer’s sense of the detail and a marginal member’s sense of the politics, and that makes her very influential.” Advertisement And she has personal bonds, too. Prime Minister Anthony Albanese rates not only her political judgment as a voice from suburban Labor comfortable on Sky News, but also her health advice. He followed Rowland’s diet (she lost about 40kg – roughly half her body weight – on the strict meal-prepping plan in 2020 and still gets up at 4.30am for Pilates) to lose weight before the 2022 election, declaring it made him “match fit”. Yet, those backroom relationships have not been enough to advance major parts of the government’s agenda that Rowland is overseeing in a portfolio that deals with politically influential organisations such as media companies and sporting codes. On some other issues, such as modernising Australia Post, updating rules to preserve major sport on free-to-air TV, reshaping the National Broadband Network, and letting users find broadcast stations on smart TVs, Rowland has confronted issues that her Coalition predecessors left alone. But rules to require more Australian content on streaming services such as Netflix, which sit both in Rowland’s patch and the arts portfolio, are nowhere to be seen. Labor’s anti-misinformation bill , which would have let the media regulator pressure social media companies to take down falsehoods circulating online, attracted a chorus of critics, from human rights groups to religious institutions. Intended to prevent conspiracy theories about events such as terrorist attacks, it left experts baffled about who would determine what was true and how. Rowland abandoned her second attempt to pass the law late last month. Advertisement Gambling reform has fared scarcely better. More than a year after the late Labor MP Peta Murphy delivered bipartisan recommendations from a parliamentary committee for a blanket ban on gambling advertising, no laws have been introduced and a government commitment to respond by the end of this year has been all but abandoned. Anti-gambling advocates have accused the government of betraying Murphy’s memory. That is despite Rowland privately briefing interested parties on a full digital ban on gambling ads online and a cap on those airing on television, less than the proposal Murphy backed, but further than the sports, gambling and media sectors wanted and beyond what any previous government has floated. Loading But Rowland has done little to convince the public of the significance of the reforms. In press conferences, Rowland is disciplined to the point of appearing stilted. Those who have spoken with her in private say her habit of referring to notes, which is unusual for a politician but more common in the law, has the same effect. It is, one former minister says, an “insult to the craft”. Rowland’s allies admit her attitude towards the gambling sector changed after this masthead reported in February 2023 that she had received donations and a Rockpool dinner from Sportsbet before the 2022 federal election, leading to crossbench calls for her resignation. Teal MPs and anti-gambling advocates portrayed Rowland as captured by corporate interests. That perception has meant her proposed set of policies, which would hurt media companies and sporting codes’ finances, won no friends. “The reputational damage done by the Sportsbet stuff meant she was always on the back foot on the gambling issue,” one gambling industry source says. “People like [Alliance for Gambling Reform chief advocate] Tim Costello were always going to paint her as weak if she ended up anywhere other than a full blanket ban.” Advertisement With the prime minister publicly suggesting poker machines are a greater problem and privately convinced there is little electoral benefit in prosecuting the crackdown, Rowland’s problem is unlikely to go away unless she can muster the rhetoric to convince the public that a middle path works. That more charismatic Rowland has peeked through before. Asked her favourite TV show in that 2021 Q&A with this masthead , Rowland named the Netflix show Vikings . It’s full of “heavily tattooed Nordic beefcakes in sweaty battle scenes”, she said. “I’m only human.” Cut through the noise of federal politics with news, views and expert analysis. Subscribers can sign up to our weekly Inside Politics newsletter .
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For the first time in the Colombo Stock Exchange’s (CSE’s) 150-year plus history, the All Share Price Index (ASPI) crossed the 15,000-mark yesterday continuing its bullish momentum from the previous weeks. The ASPI closed the day in green at 15,021, gaining 210 points for the 20th consecutive session, also surpassing the 15,000 points’ mark reordered earlier. Amidst multiple off-board transactions, turnover stood at LKR 8.4 billion, marking an increase of 74.0 percent from the monthly average, standing at LKR 4.9 billion. Many stockbrokers said that Sri Lanka’s credit rating upgrade by Fitch Ratings was one of the key factors for strengthening investor confidence. CSE Chief Executive Officer Rajeeva Bandaranaike also endorsed this and said that in addition to this rating upgrade, the progress made on the economic front and positive news in terms of debt restructuring has increased investor confidence. “One other key factor that boosted investor confidence is the political stability by having the President and Government of the same party, with a two-thirds majority, for the next five years. This too was one key reason for the market to be positive in the recent past, he said.” He also said with the low interest rates’ environment, people are moving from depending on fixed income to equities. People are now moving towards putting their money in the stock exchange as it can yield better returns than fixed deposits would. “The market is still undervalued as our fees are still under 10 and this factor still offers value for investors.” Meanwhile First Capital stockbrokers said that trading activity surged significantly exceeding 48,000 trades, driven by strong retail demand for stocks like BIL, LOFC, and AEL. “Moreover, the Banking sector led the turnover by 25 percent, followed by the Capital Goods and Diversified Financials’ sectors jointly contributing 33 percent of the overall turnover. Foreign investors turned net buyers, with a net inflow of LKR 43.2 million amidst low participation.”Deep within the hills and greenery of the Appalachian Mountains exists a business born of faith and determination that has become a cornerstone of its community. Trinity Tree Services, a family-owned company, was established a decade ago by Ronnie Kuhn, his wife Joni Kuhn and his parents ET and Roberta Smith. The enterprise emerged as a solution to Ronnie’s desire for a better work-life balance, providing him with the freedom to escape the demands of the coal industry and dedicate time to his growing family. “I was afraid I’d miss my kids’ ball games and plays,” Ronnie Kuhn said. “Starting Trinity was about being home every night and creating a better life for my family.” This decision transformed Kuhn’s life and planted the seeds for a thriving business that has a real, demonstrable impact on the region itself. Just like telephone and power linemen, arborists and tree care professionals play an instrumental role in storm-damage cleanup and mitigation. Kuhn is not just an owner, but an operations manager with over 18 years of experience as a certified TCIA Tree Care Safety Professional who works with his team on the front lines. "I only hire professionals who are dedicated to safety and excellence," Kuhn asserted. The company’s name, "Trinity," was inspired by a moment of prayer by Ronnie’s father, ET Smith, who envisioned the Father, Son, and Holy Spirit as the guiding principles of their work. “ET said the Lord gave him the name in the middle of the night,” explained Bill Bilher, a certified arborist and project manager at Trinity. Bilher brings nearly 50 years of experience and credentials that include certifications from the International Society of Arboriculture (ISA) and memberships in multiple professional organizations. Bilher’s commitment to staying at the forefront of the industry is evident in Trinity’s approach to education. “Ronnie and I both have to do continuing education units,” Bilher explained. “We need 30 CEUs every three years to maintain our certification, and we’re always attending meetings and learning about the latest research.” In fact, Bilher is even sometimes called upon to serve as expert testimony during trial proceedings, though he states that “they’re usually just civil disputes over where the tree begins or ends.” Trinity’s impact – like a tree limb – extends beyond the trees they service and toward innovation and education. Safety and technology are at the forefront of their operations, and their scientific approach to tree care is a cornerstone of Kuhn’s mindset and philosophy. “Tree work isn’t dangerous – it’s hazardous,” Ronnie explained. “With proper training, equipment and mindset, we can minimize the risks.” From restoring storm-damaged trees to providing routine maintenance, Kuhn is actively involved in the front line operations of his business. “I still love climbing trees, cutting branches, and playing with equipment,” Kuhn enthusiastically shared. “Figuring out how to dismantle a tree safely and efficiently is like a game of chess, and I love puzzles!” The company’s vision and ethos is reflected in their equipment advances and standards. Their arsenal includes bucket trucks, stump grinders, and a spider lift, which Kuhn described as “a backyard bucket truck that can navigate tight spaces and reach up to 75 feet.” These innovations not only improve efficiency but also protect the team. “Equipment like this gives our climbers longevity,” Bilher said. “They can work hard without wearing themselves out.” The intrinsic importance of nature is a guiding principle for the company. Bilher, known as the “Tree Preacher,” often educates clients on proper tree care. “Trees are living entities – they’re not telephone poles,” Bilher explained. Trinity Tree Service had an active role in storm cleanup efforts during Hurricane Helene, with one of the trees they worked on being estimated to be near a state record. “We've worked on some humongous American elm trees that are quite possibly state records,” Kuhn enthusiastically recalled. “It was damaged in the storm, but even with the damage, it's still bigger than most American elms I've ever seen." Trinity Tree Service’s hours are Monday through Saturday, 7 a.m. to 6 p.m., and you can reach them at 304-253-7711 for an estimate or inquiries.