Amazon lays off 18,000 employees

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Amazon plans to cut more than 18,000 jobs, the largest number in the firm's history, as it battles to save costs. Analysts predict more painful spending cuts, saying the company hired too many staff during the past few years. In general, it's a challenging time for businesses in the US. We look at how local owners operate their businesses. And exactly one month ago, the US, European Union and allies announced a price cap on Russian oil imports. We look at how it’s affected the Russian economy and the gas and oil industry. (Picture: Delivery boy holding a box in front of a van. Picture Credit: Getty Images)