To Public Health. Now on bbc news, all the latest Business News live from singapore. More troubles for the founder and formal boss of uber. A lawsuit for fraud. And how much is too much . We break down what expecting parents should be expecting for their newborns. Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Its a friday. Thank you forjoining us. Im rico hizon. We start off with uber. The former Chief Executive has had a tough few months. He was forced out of hisjob in tough few months. He was forced out of his job in june tough few months. He was forced out of Hisjob Injune after a series of embarrassments for the company. Now he is being sued by a Venture Capitalfirm forfraud. He is being sued by a Venture Capital firm for fraud. Earlier, he is being sued by a Venture Capitalfirm forfraud. Earlier, i spoke to a North American reporter, dave lee, who was at the headquarters in San Francisco. Basically, one of the biggest investors in uber are s
where it s much more attractive to house employees outside the city. and that is bad for the city. it s bad for jobs. it s bad for the city s economy. the tax revenue would be used to build homeless shelters, tiny house villages, and affordable apartments, despite spending on homelessness that has ballooned to 200 million dollars a year, the number of those on the streets has grown 20% in two years to nearly 4,000. housing and homelessness is absolutely absolutely a regional crisis. but we have to act with urgency right here in seattle to get folks inside. this creates almost 2,000 affordable homes. amazon is looking at an annual tax of $540 on each of its 40,000 employees. the on line retailer will pay 21.6 million dollars more a year. even though it s spending 10 million dollars to build a homeless shelter in one of its many new office towers. at the same time amazon is looking for a second headquarters. what amazon is doing is
spring up in a short amount of time and really tax policy and other policy has to catch up on that. that way, those competing with amazon are on a level playing field. the white house has declined to confirm if any new policies or actions are in the works. but the president has talked openly about the possibility of a change to amazon s tax status. through antitrust rules. much to the dismay of some analysts. this is not standard and the telephone company. they have 5% of retail sales right now. that is hardly a monopoly at all. despite the president s tweet, the on-line retailer is thought by many to actually be helping to keep the postal service viable. by driving up package delivery revenue at a time when first class mail volume continues to drop. bret, talking about the u.s. postal service there, you may find this interesting. its board of governors last had a member in december of 2016. no one has been replaced since that point. in fact, it now sits empty for the first time
and they re going to be offering kenmore appliances through the on-line retailer s website. amazon is looking to strengthen across the board. it s now promising thousands of other retailers. it will sell their products through systems at full retail price, taking advantage of their dis bougs expertise. this allows amazon to expand its range of products, and another element, when it looks to world domination of amazon, of course, looking at that purchase of whole foods not too long ago the fcc and federal trade commission looking into that right now. they re also following allegations from a watchdog group that potentially amazon has been inflating its listed prices. a bit of a problem for them there. in ermz it of another huge u.s. firm facing some fire from regulators in the u.s. is exxonmobil. of course, they have been stuck with a $2 million fine by the u.s. treasury department for allegedly violating sanctions involving dealings with russia individuals. that, of course, follows the
to foxbusiness.com/channel finder. it is time now for your 5@5:00. before you do more christmas shopping the stores is the best return policy. anothered some takes back any item at any time with or without a receipt. same for macy s. you can t return a gift for cash there. coals take back any item costco a full refund on anything. gives you one year to return unused products. the on-line retailer will even pay for your shipping. ten minutes to the top of the hour. that s not a drive through. the incredible close call caught on camera as a truck crashes right into a dealership. not playing games the elementary school suspended a child tore bringing a toy gun to class. first steve doocy with with what is coming up on fox & friends. coming up on fox & friends