Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Amazon Indian has written government agencies demanding that the interim order passed by a Singapore International Arbitration Centre (SIAC) emergency arbitrator barring Future Retail and Reliance Retail from executing a ventures deal be given cognizance.
In its letter to the Securities and Exchange Board of India (Sebi), the BSE, and the National Stock Exchange (NSE), Amazon India noted that Future Retail and Reliance Retail should not bring the dispute to any tribunal or courts in India or anywhere else.
Amazon India pointed out that if an order passed by a tribunal such as SIAC is not followed in India, there would be international repercussions that Indian businesses maywould face.
After it was announced that Reliance Retail and Fashionstyle were buying Future Retail's assets in a $3.3 billion deal signed in August, Amazon India filed a complaint to SIAC.
Indian companies and foreign companies in India often settle disputes in Singapore to avail of its neutral jurisdiction, high integrity, and international standards.
Amazon argued that the 2019 deal struck between it and the Future Group entity included a non-compete clause, listing 30 restricted parties with which Future Retail and Future Group could not do business that included Reliance.
Furthermore, Amazon has a 4.8 percent stake in Future Retail, giving it the right of first refusal to acquire more shares in Future Retail.
On October 25, a SIAC emergency arbitrator ordered a temporary halt on Future Retail's deal with Reliance Retail and Fashionstyle until a permanent arbitration tribunal was formed after 90 days.
Future Group intends to go ahead with the agreement with Reliance Retail Ventures, arguing that if the deal falls through its retail unit will be forced into liquidation, and 29,000 people will lose their jobs.
The arbitrator emphasized that economic hardship is not a ground for disregarding legal obligations.
Amazon has a 31.2 percent market share in India's e-commerce industry, while Walmart-owned Flipkart has 31.9 percent.
