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Amazon opens Cape Town walk-in centre as strives for market-share

U.S. e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also seeks to gain market share. For Amazon - which is striving to catch up with market-leader Takealot, owned by Naspers - the centre can increase its product range, increasing potential revenue. More than 60% of sales in Amazon's stores globally are from independent sellers – most of which are small- and medium-sized businesses.

Fed’s Waller Says Fresh Rate Cuts Possible in First Half of 2025

(Bloomberg) -- Federal Reserve Governor Christopher Waller said the US central bank could lower interest rates again in the first half of 2025 if inflation data continue to be favorable.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesWill Americans Ever Lose Their Taste for Telework?Churches, Cinemas — and Moon Artifacts — Top List of Endan