Amazon reports loss as online sales fall

Amazon has reported its first quarterly loss since 2015 due to lower online sales and a fall in the value of its shares in the electric vehicle firm Rivian.

Online sales at the e-commerce giant dropped 3% in the first quarter of the year, as the boom to its business from the pandemic starts to fade.

Meanwhile, Apple warned its sales could be hit by up to $8bn (£6.4bn) due to disruptions from lockdowns in China.

Read More at BBC