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we start with amazon, because shares in the e commerce giant have fallen sharply after it made its first quarterly loss in seven years. amazon has been riding a two year boom in online shopping thanks to pandemic lockdowns around the world. but that s now unravelling fast, as it faces rising costs, and increasingly cash strapped consumers. as our north america business correspondent michelle fleury reports from new york. amazon was one of the big pandemic winners, enjoying record revenue and profits during lockdown, when people went from shopping in person to shopping online. but the halo has slept after it predict that we can sales growth in the month ahead stop it will s biggest online retailer forecast sales of between $116 billion and $121 billion in the second quarter, below wall street s dictations. the reopening of the economy as well as inflationary pressures clearly playing a role in the decelerating sales as consumers had to pause on spending online. supply chain is
AmazonUkShoppingBoomDeliverySharesHospitalsBusiness-headlinesViewersAround-the-worldBbc-newsEconomy let s get down to business. as promised, we have more for you on the nato summit that will be getting under way in a few hours time. where, as you ve been hearing, finland and sweden have joined the alliance after turkey dropped its opposition against their membership. so, two of the hot topics at the summit are deciding whether russia or china is the biggest threat to world stability currently, and how to share the combined costs of defence security. members are expected to meet the nato target of spending 2% of gross domestic product on defence. the uk presently spends 2.1% of its gdp on security, but there have been calls for an increase after russia s invasion of ukraine. michael rowe is vice president of aerospace and defence at frost & sullivan. good morning to you, michael. first of all, finland, sweden joining nato. what does that mean in money terms? good morning- mean in money terms? good morning. when mean in money terms? good morning. when you - mean in money
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