South Korea Factory Activity Returns to Growth in December on Export Rebound 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities 
Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains 
Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny 
Merck Raises Growth Outlook, Targets $70 Billion Revenue From New Drugs by Mid-2030s 
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 
Viking Therapeutics Sees Growing Strategic Interest in $150 Billion Weight-Loss Drug Market 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules 
U.S. Government Invests $1 Billion in L3Harris Rocket Motor Business to Secure Missile Supply Chain 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
NYC Nurses Strike Shuts Down 10 Private Hospitals as 15,000 Demand Safer Staffing and Benefits 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
Amazon Inc. announced on Monday, Oct. 10, that it would be investing more than €1 billion for the expansion and electrification of its delivery vans and trucks in Europe. The new funding will also be used to improve infrastructure as it operates its business in the country.
CNN Business mentioned that the latest investment will bring Amazon’s transportation fleet in Europe to at least 10,000 electric vehicle units by the year 2025. Currently, the company has 3,000 EVs and more than 1,500 long-haul electric trucks.
The move was revealed to be part of the company’s plan to reduce its carbon emissions and target a net zero result by 2040. Moreover, the American e-commerce firm is also expecting to increase the number of its package deliveries using e-bikes as well as on foot through the centrally-located delivery stations, which it calls the “micro-mobility hubs.”
Amazon shared that it has already set up this type of hub in 20 major locations in the European region, including Paris, London, and Munich. In any case, the company believes that its new investment will certainly help push innovation across the e-commerce business industry while also encouraging more public charging infrastructure at the same time. It said that this would allow the transportation sector to reduce emissions mode quickly.
“Our transportation network is one of the most challenging areas of our business to decarbonize, and to achieve net-zero carbon will require a substantial and sustained investment,” Amazon’s chief executive officer, Andy Jassy, said in a press release.
He further commented, “Deploying thousands of electric vans, long-haul trucks, and bikes will help us shift further away from traditional fossil fuels and hopefully, further encourage transportation and automotive industries in Europe and around the world to continue scaling and innovating, as we will have to work together to reach our climate goals.”
Finally, Amazon said it has already surpassed 100 renewable energy projects in the territory, and it is on its way to reducing its emission even more. “Amazon is on a path to powering its operations with 100% renewable energy by 2025, and, in 2021, the company reached 85%,” the company said.
