Fashion
Amazon beats cloud growth estimates
By
Reuters
Published
October 30, 2025
Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence.
The massive cloud demand is helping the tech company ease the pressure from weaker growth at its e-commerce business, which is gearing up for the holiday season amid weakness in consumer confidence stemming from global trade uncertainty.
The company’s shares surged more than 10% in extended trading.
Its cloud unit, Amazon Web Services, reported a 20% rise in revenue in the third quarter ending in September, compared with the estimates of a 17.95% increase.
Amazon projected net sales of between $206 billion and $213.0 billion for the fourth quarter, while analysts on average were expecting revenue of $208.12 billion, according to data compiled by LSEG.
The strong results from AWS, the world’s largest cloud provider, followed stellar cloud revenue growth reported on Wednesday by Microsoft’s Azure and Google Cloud, the No. 2 and No. 3 players in the industry, respectively.
Microsoft, Google-parent Alphabet and Facebook owner Meta all announced plans for higher annual capital expenditures as they pour money into chips and data centers.
AWS typically accounts for a little more than 15% of Amazon’s total revenue, but the segment is a huge profit engine, making up roughly 60% of the company’s total operating income. The unit reported revenue growth of 17.5% in the second quarter.
© Thomson Reuters 2025 All rights reserved.
Fashion
Riyadh opens rail freight route linking eastern ports to Jordan border
The trains will originate in the Eastern Province, departing from King Abdulaziz Port in Dammam and passing through Jubail Commercial Port and King Fahad Industrial Port, reach destinations in Jordan and countries north of the country.
Saudi Arabia Railways has opened new freight routes linking Arabian Gulf ports to the Haditha border crossing near Jordan.
The trains will start in the Eastern Province, departing from King Abdulaziz Port and passing through Jubail Commercial Port and King Fahad Industrial Port, reach points in Jordan and beyond.
The aim is to boost the flow of goods, support exports and improve supply chain efficiency.
Each freight train will carry more than 400 containers and travel over 1,700 kilometres.
The initiative aims at boosting the flow of goods, supporting exports and improving supply chain efficiency, SAR was cited as saying by Gulf media outlets.
The new route is also expected to strengthen regional trade connectivity, improve maritime integration and boost export movement. It also supports sustainability goals in the logistics and transport sectors and reduces shipping time by up to half compared to other land transport methods.
SAR operates an integrated rail network extending over 5,500 kilometres, providing passenger and freight transport services, including minerals.
Fibre2Fashion News Desk (DS)
Fashion
UK consumer inflation remains flat at 3% YoY in Feb
Clothing emerged as the primary driver of inflation, contributing the largest upward impact on both CPI and CPIH annual rates. In contrast, motor fuels provided the biggest downward pressure, partially offsetting overall price gains, ONS said in a press release.
Core inflation (excluding energy, food, alcohol and tobacco) edged up to 3.2 per cent in February from 3.1 per cent in January, indicating underlying price pressures remain firm. Within this, goods inflation stayed unchanged at 1.6 per cent, while services inflation eased slightly to 4.3 per cent from 4.4 per cent.
UK inflation held steady in February 2026, with CPI at 3 per cent YoY and a 0.4 per cent monthly rise, according to ONS.
Clothing drove inflation, while motor fuels offset gains.
Core inflation edged up to 3.2 per cent. Producer input prices rose 0.5 per cent, while output slowed to 1.7 per cent.
Import prices increased 0.3 per cent, indicating moderate external cost pressures.
Category-level data showed a notable rebound in clothing and footwear prices, which rose 0.9 per cent annually in February compared to no change in January. On a monthly basis, the segment recorded a 0.6 per cent increase, reversing a decline seen a year earlier.
Meanwhile, the producer input prices rose 0.5 per cent YoY, recovering from a revised 0.4 per cent decline in January, while output prices increased 1.7 per cent, though at a slower pace than the 2.5 per cent rise in the previous month. Monthly trends showed input costs climbing 0.8 per cent, even as factory gate prices fell by 0.5 per cent.
The Import Price Index (IPI) registered a modest 0.3 per cent annual increase, reflecting relatively contained imported inflation. Overall, the data suggests that while headline inflation remains stable, sector-specific pressures, particularly in clothing, continue to influence price dynamics across the UK economy.
Fibre2Fashion News Desk (SG)
Fashion
US import prices rise 1.3% in February; exports up 1.5%
The increase in import prices was driven by both fuel and nonfuel categories. Fuel import prices surged 3.8 per cent, led by higher petroleum and natural gas prices, although they remained 10.6 per cent lower year-on-year (YoY), US Bureau of Labor Statistics said in a press release.
US import and export prices rose sharply in February 2026, with imports up 1.3 per cent and exports 1.5 per cent, driven by fuel, industrial supplies and capital goods.
Non-agricultural exports and energy costs supported growth.
Regional price trends varied, while earlier shutdown disruptions affected data.
The increase reflects strong global demand alongside persistent cost pressures.
Meanwhile, nonfuel imports rose 1.1 per cent, supported by higher costs of capital goods, industrial supplies, and consumer goods, import prices increased by 1.3 per cent in February, following a 0.6 per cent rise in January, marking the steepest monthly gain since March 2022.
Rising prices in finished goods were particularly notable, with capital goods import prices jumping 1.3 per cent, the largest increase on record. Gains were also seen in consumer goods, including apparel, footwear and household products, reflecting steady consumer demand despite inflationary pressures.
On the export side, non-agricultural exports drove growth, increasing 1.7 per cent in February, while industrial supplies and materials surged 3.6 per cent. Higher prices for natural gas, and crude petroleum. Export prices increased 3.5 per cent YoY, indicating sustained global demand for US goods.
Trade dynamics varied across regions. Import prices from the European Union rose 0.6 per cent and from Canada 1.6 per cent, while prices from China edged up 0.5 per cent despite a 1.9 per cent annual decline. On the export front, prices to the European Union jumped 3.2 per cent, while shipments to Japan and Canada also recorded strong gains.
These price movements come at a time when global industry events, trade exhibitions, and policy discussions are influencing supply chains and pricing strategies. Rising costs of industrial inputs and energy are being closely monitored by businesses participating in key international platforms, where sourcing, pricing, and resilience remain central themes.
Additionally, earlier disruptions caused by the federal government shutdown between October and November 2025 have led to some suppressed data points, adding complexity to trend analysis.
Fibre2Fashion News Desk (SG)
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