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SYDNEY:Online retail giant Amazon.com, whose entry into Australia last year rattled established bricks-and-mortar retailers, posted a modest loss in its earliest days in the country, corporate filings show.Amazon s foray into Australia was met with fevered attention from investors and a steep selldown in traditional retail stocks.The US company launched its website on December 5, though it ran preparatory operations through the year, racking up a modest loss of almost A$9 million ($6.6 million).Amazon to quiet Alexa s cacklingIn the Christmas trading weeks from the launch to December 31, it turned over A$6.3 million in direct sales versus total Australian retail sales of A$26.3 billion that month.These figures, however, a
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Food price increases have always been a hot topic for discussion in our country, but perhaps never
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af1 supreme hereas it had averaged 4.67% from 2011 to 2019. The downward slide of the rupee against the dollar is being popularly blamed for the food price hikes. How
jordan bajos ever, contrary to the popular belief, the rupee s depreciation is only a minor factor in the food price increases. There are many other factors at play here that must be addressed if we are to permanently resolve the problem in our country.The basic, all-important question is: Why do we pay exorbitant amounts of money for food in a country that produces all essential foodstuffs Firstly, in our present market mechanism, only a small percentage (usually 15-20%) of what we pay the grocer for our food purchases goes to the farmer or producer. The rest is pocketed by middlemen who pay farmers in advance for the crops they grow.
