Amazon becomes the first and only company to lose $1 trillion

Mar 3 2024

Back in November 2022 despite being a humongous and very successful company, Amazon became the first and only company to lose $1 trillion.

The tech corporation experienced a staggering $1 trillion loss following a significant drop in its market valuation in 2022. Specifically, on November 9th, the company witnessed a 4.3 percent decline, causing its market worth to decrease to approximately $879 billion.

To provide context, it’s crucial to recall that in July 2021, the company boasted a market value of approximately $1.88 trillion.

Amazon CFO Brian Olsavsky had previously told Reuters: “We are seeing signs all around that, again, people’s budgets are tight, inflation is still high, energy costs are an additional layer on top of that caused by other issues.

“We are preparing for what could be a slower growth period, like most companies.”

During that period, according to Bloomberg’s Billionaire Index, Amazon founder Jeff Bezos dropped to the position of the fourth wealthiest individual globally as a result of this decline. However after 2 years Bezos has recovered his second spot yet again.

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New San Ġwann Pollinator Garden Celebrates Maltese Honeybee

Mar 3 2024

The San Ġwann Local Council and Project Green collaborated to transform a neglected 1,000-square-meter area into Ġnien id-Dakkara (Pollinator Garden), situated on the outskirts of San Ġwann.

The garden aims to raise awareness about pollination and support the Maltese honeybee population. Minister Miriam Dalli, Mayor Trevor Fenech, and Project Green CEO Joseph Cuschieri inaugurated the garden, emphasizing its importance for the community.

Ġnien id-Dakkara serves as both a sanctuary for bees and an educational space for visitors to learn about pollination. It features a variety of trees and shrubs selected to promote bee activity. The garden layout follows a simple hexagonal design, with wooden platforms and outdoor seating for visitors.

This project reflects the commitment of the San Ġwann community to create green spaces within the neighborhood. Mayor Fenech highlighted the garden’s role as a recreational area and a learning center for children to understand the importance of bees.

Beverly Costa, COO of Project Green, emphasized the collaborative effort involved in creating the garden and expressed a commitment to continue developing similar projects for communities.

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Crosscraft Donates Oven To Girl Making Figolli For Puttinu

Mar 3 2024

11 year old Gwen, known for her online cooking club and ongoing mission to make figolli in aid of NGO Puttinu Cares, received a massive gift – an entire oven by Crosscraft.

After her previous oven stopped working due to having served its purpose for quite a long time, Gwen thanked Robert from Crosscraft for this new and improved oven.

Gwen went on to thank everyone who supported but also reminded people that the project is done by just her and her mother – making upwards of 600 figolli.

The orders have been sold out, with the waiting list too reaching maximum capacity. Still, Gwen is massively grateful for the support they have been receiving and cannot wait to donate the proceeds made to the NGO that helps so many children battle cancer.

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Hamrun Train Station Restored Back To Former Glory

Mar 3 2024

The iconic Hamrun Train Station has officially been restored to its former glory through an investment announced by mayor Christian Sammut.

The mayor explained that among the works that took place, conservation works and restoration for safety and the aesthetic of the building were key. The station was even given the original colour scheme it possessed when operational.

Ceilings, power, flooring, cleansing and much more went into restoring and reopening the site, all with the intent of restoring the locality of Hamrun bit by bit.

This project was made possible in association with the Malta Railway Foundation, Hamrun Girl Guides and Hamrun Scouts.

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