The billionaire has warned customers to save their funds and refrain from irrational holiday spending. Given the likelihood that the economy would continue to deteriorate, Bezos advised American households against investing in expensive products like refrigerators or brand-new vehicles in an interview with CNN.
“If you’re an individual consider to purchase a big-screen TV, you might want to wait, hold onto your money, and see what transpires. The same is true with a new automobile, refrigerator, or whatever else. Just remove some risk from the equation,” Bezos during the interview.
The former CEO of Amazon also advised small business owners to put off purchasing new equipment in favour of increasing their cash reserves. He advised, “Take as much risk off the table as you can.”
In a CNN interview that aired this week, Bezos said, “Hope for the best, but prepare for the worst.”Bezos also declared that the majority of his $124 billion fortune will be donated throughout his lifetime.
According to the e-commerce pioneer, he will use the majority of his riches to fight climate change and support those who can bring people together in the face of severe social and political conflicts.
After Andy Jassy took over as CEO of Amazon last year, Bezos assumed the position of executive chair.
New Pak Army chief warns India of ‘any misadventure’
Pakistan’s Chief of Army Staff (COAS), General Asim Munir, has warned India of strict action in case of any ‘misadventure’, the Inter-Services Public Relations (ISPR) said, DAWN.com reported.
The military’s media wing said that the newly-appointed Army chief visited frontline troops in the Rakhchikri Sector along the Line of Control (LoC) on Saturday, where he was briefed on the latest situation and operational preparedness of the formation, The News reported.
The ISPR said the Army chief interacted with the officers and soldiers and appreciated their high morale, professional competence and combat readiness while performing their duties under challenging conditions.
“We have noticed highly irresponsible statements from Indian leadership on Gilgit-Baltistan and Jammu and Kashmir recently. Let me make it categorically clear, Pakistan’s armed forces are ever ready, not only to defend every inch of our motherland, but to take the fight back to the enemy if ever war is imposed on us,” General Munir said, The News reported.
The Army chief also said that any misconception resulting in misadventure will always be met with full might of the armed forces backed by a resilient nation.
“Indian state will never be able to achieve its nefarious designs,” General Munir said, as per the report.
Earlier on arrival, Corps Commander Rawalpindi, Lieutenant General Shahid Imtiaz, received the COAS.
Indonesia earthquake toll reaches 310
The death toll from an earthquake that struck Indonesia’s Java island early this week rose to 310 after rescuers found more bodies under landslides, an official said. At least 24 people remain missing, ABC news reported.
More than 1,400 rescuers have been searching through the rubble since the magnitude 5.6 quake, which injured more than 2,000 people.
The head of the National Disaster Management Agency, Suharyanto, who uses one name, said rescuers will continue searching until rebuilding begins.
“We will do it up to the last person. There is no reduction whatsoever, in strength, enthusiasm, or the equipment,” Suharyanto said.
He said distribution of food and other aid is improving and is reaching more people in 110 evacuation locations.
The disaster agency said the earthquake damaged at least 56,000 houses and displaced at least 36,000 people. Hundreds of public facilities were destroyed, including 363 schools.
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An earthquake of that strength would not typically cause such serious damage. But Monday’s quake was shallow and shook a densely populated area that lacks earthquake-resistant infrastructure.
Indonesia is frequently struck by earthquakes, volcanic eruptions and tsunamis because of its location on the arc of volcanoes and fault lines in the Pacific Basin known as the “Ring of Fire.”
Lt Gen Asim Munir appointed as new Pakistan Army chief
Pakistan President Dr Arif Alvi on Thursday formally approved Prime Minister Shehbaz Sharif’s nominations for the next army chief, hours after receiving a summary in this regard, DAWN.com reported.
Lt Gen Asim Munir has been named as the chief of army staff and Lt Gen Sahir Shamshad Mirza has been named as the chairman of the Joint Chiefs of Staff Committee.
The confirmation of the president’s approval was given in a statement issued by the Aiwan-e-Sadr, cited by DAWN.com
“The president has promoted Lieutenant General Syed Asim Munir HI(M) to the rank of General with immediate effect and appointed him as Chief of Army Staff with effect from 29th November 2022,” the press release said.
The statement said that the promotions and appointments were made under article 243(4) (a) and (b) and Article 48(1) of the Constitution of the Islamic Republic of Pakistan.
“In this regard, the President has signed the summary received in his office, today,” it added.
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