Tens of thousands of people were stranded Monday after
Japanese antitrust regulators raided the offices of Amazon.com’s local arm, the latest probe targeting the US e-commerce giant in a reflection of intensifying competition. (Wall Street Journal)
Steinhoff buys Mattress Firm for a 115% premium as foreign buyers bet big on the US economy. (Forbes)
OPEC will hold informal talks at an energy conference in September, the cartel’s president said Monday, as oil-producing nations worry over a recent downturn in the crude market. (Wall Street Journal)
Nissan is pondering to stop manufacturing its own electric car power sources, and insiders say that the carmaker wants to get out of crafting EV batteries. (Tech Times)
Sotheby’s latest earnings report, for the half year, amounts to a microcosm of the current art market. Over the last three months, the auction house increased its net income to US$89mln, evidence that collectors are still willing to pay high prices for top pictures. (New York Times)