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Amazon: Construction on schedule for Metropolitan Park in Arlington

Amazon says construction on its Metropolitan Park is on schedule. Metropolitan Park is the first phase of new construction of Amazon’s HQ2 development in Virginia’s Arlington County. Amazon shared the news with its employees during a virtual global all-hands event to update the progress in Arlington County where the Metropolitan Park and its Helix Building will be the centerpiece of the development.

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It is expected to open in 2023. Amazon also plans to run its new buildings on 100% renewable energy from a local solar farm. Amazon said it now has more than 1,600 employees in Arlington, in five existing buildings in Crystal City. Most of those jobs are in its Amazon Web Services, Devices and Finance divisions. Amazon has pledged to invest $2.5 billion in its HQ2 headquarters in Arlington over the next decade, and eventually employ 25,000.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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