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Amazon pares Fresh as it pushes quick delivery

Bengaluru: Amazon is preparing to scale down its 4-24 hour grocery delivery service, Amazon Fresh, in several major Indian cities as it sharpens focus on its quick commerce offering, AmazonNow, according to a UBS Global Research report.The transition is expected to play out across 10-15 large urban markets where AmazonNow is being expanded, effectively replacing…

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Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance

JPMorgan (JPM) CEO Jamie Dimon said the bank must move faster to keep up with blockchain-based competitors as tokenization reshapes parts of the financial system, according to his annual letter to shareholders. “A whole new set of competitors is emerging based on blockchain, which includes stablecoins, smart contracts and other forms of tokenization,” Dimon wrote,…

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Pakistan External Repayments: Pakistan lines up $4.8 billion in external repayments by June, including $3.5 billion owed to UAE: Report

Pakistan has made arrangements to repay $4.8 billion in external obligations by June, including $3.5 billion payable to the United Arab Emirates through three different facilities, according to a local media report.The development comes after Islamabad decided to return $2 billion to Abu Dhabi by the end of the current month. The amount had been…

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