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Amazon’s growing warehouse footprint and rising shipping costs reflect its push to get products to customers at a faster and faster clip, along with the?increasing popularity?of Amazon Prime and its core benefit of free two-day shipping. Last April, Amazon disclosed that it had 100 million Prime subscribers?worldwide, revealing its membership base for the first time.

Amazon’s response to COVID-19 will be under a microscope Wednesday morning as the company holds its shareholder meeting virtually for the first time.

American companies are said to provide an estimated 25 to 30 percent of the components used in ZTE's equipment. ZTE is a primary supplier of mobile devices to US wireless carriers such as AT&T, Verizon and T-Mobile.

Amazon’s net sales rose 26% to .5 billion during the quarter, exceeding Wall Street’s expectations. But profits fell more than 30%, as the costs of scaling up for the pandemic weighed on the Seattle tech giant’s bottom line.

Among the city's top trade partners are the ASEAN countries of Malaysia, Singapore, Thailand and Vietnam, located in a region where UOB has an extensive and longstanding presence.