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Amazon’s headcount dipped for the first time in years, from 566,000 last quarter to 563,100. The company had job cuts at its Seattle headquarters in February.

Amid mounting concerns over its hefty valuation and pricing, Xiaomi, the world's fourth-largest smartphone maker by shipments, is said to have priced its IPO at the bottom end of the price range at HK, trimming its IPO size by almost one-fourth to .7 billion.

Amid trade disputes with the US and rising tariffs, Chinese importers have switched to Brazil for soybean supplies, which led to sharp fall in Chicago Board of Trade (CBOT) soybean prices.

Amid a worldwide industry slowdown, no single player in the car industry would be spared, Ferdinand Dudenhoeffer, automotive expert at the Center for Automotive Research under the University of Duisburg-Essen, told Xinhua, adding that Germany should open up its market more for Chinese companies.

Amid such mounting pressure, the company said: "Huawei believes that rapid and healthy development within the ICT industry will rely on open collaboration and mutual trust across the global industry, so it will continue working closely with its global partners and using its innovative ICT technologies to create greater value for customers despite the complex situation it is currently facing."