Business

India issues warning to Amazon, Flipkart over country of origin rule

Editorial Bureau October 17, 2020

MUMBAI (INDIA) – Amazon.com’s local unit in India and Walmart’s Flipkart were warned by the federal govenment that sellers on their platforms are not following a rule that mandates a product’s country of origin be specified. There has been a push to enforce the rule

Business

Amazon seeks legal action against Future Group-Reliance deal

Editorial Bureau October 8, 2020

BENGALURU (INDIA) – Indian firm Future Retail Ltd’s shares showed a dip of 9% on Thursday after e-commerce giant Amazon.com Inc issued a legal notice to Future Group, alleging that the retailer’s $3.38 billion asset sale to Reliance Industries flouted an agreement with the US-based firm. Amazon, Reliance and Walmart Inc’s Flipkart are competing to

USA

Amazon to recruit 100,000 more workers

Editorial Bureau September 14, 2020

WASHINGTON (US) – Amazon.com Inc on Monday said it is recruiting 100,000 more workers, and this is the fourth hiring announcement it has made for the United States this year. It said the positions are offered for full and part-time work in US and Canada. This includes roles at 100 new warehouse and operations sites […]

Business

UK regulator slaps fine on Amazon over document release in Deliveroo probe

Editorial Bureau September 7, 2020

LONDON (UK) – Amazon was fined 55,000 pounds by the UK’s competition regulator on Monday after the firm delayed a probe into its purchase of a 16% stake in food platform Deliveroo by failing to submit documents on time. Sixteen months after the firm led a $575 million fundraising in Deliveroo, the Competition and Markets […]

UK

7,000 more permanent jobs will be created in UK this year: Amazon

Editorial Bureau September 3, 2020

LONDON (UK) – Amazon said on Thursday it will create as many as 7,000 additional permanent jobs in the UK this year, taking the tally to 10,000. The US-based firm said the new jobs would span 50 sites, including corporate offices and two new fulfilment centres in the north east and central England.

Business

Amazon launches quick and free delivery of essentials in London

Editorial Bureau July 28, 2020

LONDON (UK) – Amazon is all set to begin fast and free delivery of groceries in London on Tuesday. It hopes to extend the service across the UK by the year-end. The e-commerce behemoth said it had added “fresh” service to its UK web portal to supply meat, produce, snacks and other items in a […]

USA

CEOs of 4 large US tech firms to appear for Congressional hearing

Editorial Bureau July 24, 2020

WASHINGTON (US) – In what is seen as a bid to deflect criticism in a Congressional hearing next week regarding the use of market clout to hurt rivals, the CEOS of four large US tech firms have said that they themselves face stiff competition. The CEOs of Facebook, Amazon.com Inc, Google and Apple, are slated […]

Tech

Amazon, Apple come under the scanner of Italian antitrust authority

Editorial Bureau July 22, 2020

MILAN (ITALY) – Italy’s antitrust authority said on Wednesday it has begun a probe to ascertain whether Apple Inc and Amazon Inc engaged in anti-competitive cooperation to sell Apple products and Beats headphones. It said the probe was aimed at finding out if Apple and Amazon had reached an anti-competitive pact to prevent electronics retailers […]

Finance

Deutsche Bank to enter into multi-year, strategic deal with Google

Editorial Bureau July 7, 2020

FRANKFURT (GERMANY) – In a bid to gain access to cloud services and usher in innovation in tech-based financial products for its customers, Deutsche Bank is all set to enter into a strategic, multi-year tie-up with Google, it said on Tuesday. Deutsche had invited bids from Google, Amazon and Microsoft earlier this year year to […]

Business

Shoe counterfeiting issue pushes Amazon and Valentino to file joint lawsuit

Ren Leen June 19, 2020

MILAN (ITALY) – Italian luxury brand Valentino and Internet giant Amazon have together filed a lawsuit against New York-based Kaitlyn Pan Group for allegedly selling counterfeit Valentino shoes. This is Amazon’s first joint litigation with a luxury fashion brand and Valentino’s first with an online retailer. The lawsuit regards the Valentino Garavani