As the number of merchants using its platform surpassed 1 million worldwide, the Ottawa-based global e-commerce company saw its revenues soar up 45% in the third quarter, but surprised analysts with a net loss.
The Austrian hosiery company has announced that its CEO Axel Dreher has resigned from his role and will leave the company on 31 October “on the most amicable terms”. Silvia Azzali has been appointed as CCO.
A Nike factory in Misiones, Argentina, has cut hundreds of workers as its orders from the brand have stalled, amid a swirling economic crisis that has plunged the country into recession for most of the last year.
Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.7% even though revenue growth topped expectations.