Amazon (AMZN.O) is investing in one of the world’s largest carbon removal projects, which it says will create about 11,000 jobs and support ecosystem restoration. Amazon will purchase 1.95 million tonnes of high-quality nature-based carbon removal credits generated by the project.

June 29 — Baibang Technology shares fell 9.43% to 29.97 yuan at the close, valuing the company at about 3.8 bln yuan. Investors cited sustained losses, a strategic shift toward smaller repair-shop customers that lowered revenue per customer, and higher selling expenses from heavy Douyin online marketing. The company said it has cut some Douyin spending, shifted focus toward franchise expansion while maintaining direct stores, and has closed some loss-making outlets (both franchise and company-owned). It warned closures generate one-off disposal costs and will consider further closures if performance remains weak, citing rent defaults and labor costs; closures were recorded at the period end and the company said half-year results will show subsequent impact.

FHFA Director Pulte said he believes Federal Reserve Governor Lisa Cook will be indicted on mortgage fraud charges.