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Amazon bringing packages from mall to front-door, Uber EATS style

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Amazon has figured out a way to bring packages from the shopping mall to your doorstep

The e-commerce giant is eliminating the process of finding a car park in a busy mall when you need to purchase something last minute.

In a similar method to Uber Eats, drivers will pick up and deliver packages from shops directly

Amazon is currently piloting the program with contracted “Flex drivers”

The program, which Bloomberg says Amazon has been running since last year, could help Amazon fulfil orders for same-day deliveries

Amazon’s Flex drivers use their own vehicles to deliver goods, heading to stores within local shopping centres to collect packages.

Right now drivers are picking up packages from malls located in the U.S. like in Arizona, Las Vegas, Nevada, and Virginia.

Depending on the success pilot program, customers can expect the service in more places soon.

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Xi Jinping is taking over China’s sharemarket

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China’s economy sees President Xi Jinping asserting control over its sharemarket, a move raising eyebrows globally.

 
Xi’s government has unveiled a series of measures aimed at consolidating authority over the country’s stock market, signalling a desire for greater economic stability and control.

The reforms include stricter regulations for listing on Chinese stock exchanges, with companies needing to meet more stringent criteria to go public.

Additionally, the government is increasing its oversight of foreign listings by Chinese firms, a move seen as an attempt to prevent capital flight.
#featured

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Investors worry as Tesla misses targets

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Tesla reported lower-than-expected quarterly deliveries, sending its shares into a downward spiral.

 
The EV giant’s stock tumbled as investors expressed concerns over the company’s ability to meet its ambitious growth targets.

In the third quarter of this year, Tesla delivered a total of 220,500 vehicles, missing Wall Street’s estimates.

This disappointing performance raised doubts about the company’s ability to keep up with the soaring demand for its EVs, especially as competitors continue to enter the market. #featured

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Is the housing market surge a bubble waiting to burst?

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The housing market has witnessed a remarkable surge in home sales, driving property prices to unprecedented highs.

 
Despite the ongoing economic challenges, the real estate sector appears to be thriving, leaving experts and homeowners both astonished and hopeful.

Over the past year, the real estate landscape has been anything but predictable.

But the surge in demand has been met with a limited supply of available homes.

Builders have struggled to keep pace with the soaring demand, making the situation worse. #featured

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