Tech

Will manufacture TV streaming device in India, says Amazon

Editorial Bureau February 16, 2021

NEW DELHI (INDIA) – US retail behemoth Amazon.com Inc said on Tuesday it would start manufacturing its TV streaming device in India this year through a unit of Taiwanese contract manufacturer Foxconn. This is the firm’s first foray into making devices in India, which is seeking ways

Business

Digital tax: Amazon to increase fees for companies in Spain

Editorial Bureau January 22, 2021

MADRID (SPAIN) – Amazon is all prepared to hike the fees for Spanish firms using its platform by 3% from April in the wake of the government imposing a digital tax. A spokesman of the firm said the Google tax, which the government imposed on revenues of large digital firms from January 21, would hit […]

Business

Two new centres to be opened in Italy this year, says Amazon

Editorial Bureau January 18, 2021

MILAN (ITALY) – Amazon said on Monday that it will open two new logistics hubs in Italy this year by investing more than 230 million euros ($278 million). The world’s largest online retailer said a distribution centre in the city of Novara and a fulfilment centre close to the city of Modena will be opened, […]

Business

eBook pricing: Class-action lawsuit lodged against Amazon

Editorial Bureau January 15, 2021

SAN FRANCISCO (US) – A class-action lawsuit was filed against Amazon.com Inc on Thursday, accusing the eCommerce behemoth of inflating the prices of eBooks with some publishers. According to the lawsuit, Amazon and the five largest publishers in the US – collectively known as the Big Five – agreed to price restraints that cause consumers […]

Tech

Parler may not return, says CEO Matze

Editorial Bureau January 14, 2021

SAN FRANCISCO (US) – Social media platform Parler’s CEO John Matze said that it may never get back online after it went dark when major service providers accused it of failing to police violent content. In the wake of a host of business vendors snapping ties with the two-year-old site after the incidents at the […]

Business

Online retailer giant Amazon clocks biggest profit in 26-year history

Editorial Bureau July 31, 2020

WASHINGTON (US) – With online sales and its attractive business supporting third-party merchants during the pandemic, Amazon.com Inc on Thursday posted its biggest profit in its 26-year history. In after-hours trade, shares of the world’s largest online retailer climbed 5%. When other retailers shut their shops during the lockdown, Amazon went on to hire as

Tech

Amazon.com directs staff to uninstall TikTok from handsets, later revokes ban

Editorial Bureau July 11, 2020

WASHINGTON (US) – Amazon.com Inc on Friday imposed a ban on video sharing app TikTok in employee mobile phones and in the span of a few hours revoked it. This comes in the wake of US Secretary of State Mike Pompeo stating that the United States is “certainly looking at” banning TikTok, hinting that it […]

Business

CEO Bezos willing to testify before US Congress, says Amazon

Editorial Bureau June 16, 2020

WASHINGTON (Business) – Amazon.com Inc said on Monday its founder and Chief Executive Jeff Bezos was willing to testify to a congressional panel probing potential violations of US antitrust law by big technology companies. The company’s attorney sent a letter to members of the House Judiciary Committee, saying Amazon had cooperated with the investigation.

Business

Amazon extends work from home regime till Oct. 2

Ren Leen May 1, 2020

(Business) – Amazon.com Inc has told staff whose job can be done from home that they can do so until at least Oct. 2, pushing out the timeline on a return to work for many employees as it faces scrutiny over conditions in its warehouses. “Employees who work in a role that can effectively be […]

Tech

Amazon launches business selling automated checkout to retailers

Ren Leen March 10, 2020

Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters. The world’s biggest web retailer said it has “several” signed deals with customers it would not name. A new website Monday will invite others to inquire about the […]