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Transcripts For BBCNEWS Asia Business Report 20240706



giantjoint microsoft, meta and alphabet delivering a surprisingly strong report card. if the sales and profits surpassed wall street expectations, continuing a trend in big tech that is lifted buckets across the board. amazon has been aggressively cutting costs to help boost profitability. it is already laid off 18,000 people and is currently about to eliminate another 9000 jobs and it would appear that some of those measures are already paying off. as the retail giant posted earnings that beat investor expectations. is on s cloud computing business which did not grow as much is expected did very well in the first three months of this year, as did its advertising business amazon s. even retail, a core part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. ....

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