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Jeff Bezos, Amazon founder and billionaire, to visit India next week

Friday, January 10, 2020, 10:11 AM

Jeff Bezos, Amazon founder and billionaire, to visit India next week

Amazon founder and CEO Jeff Bezos will be visiting India next week and is likely to meet Prime Minister Narendra Modi and officials, besides industry leaders, according to sources. The top executive will also attend SMBhav an event focussing on small and medium businesses in India that is slated for January 15-16 in the capital city.

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Amazon's Deliveroo deal faces in-depth UK competition probe

Saturday, December 28, 2019, 7:34 AM

Amazon's Deliveroo deal faces in-depth UK competition probe

Britain's competition regulator is launching an in-depth investigation into Amazon.com Inc's (AMZN.O) purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns. Amazon led a $575-million fundraising by Deliveroo in May and the probe could disrupt the e-commerce giant's efforts to compete with Uber Eats (UBER.N), Just Eat (JE.L) and Takeaway.com (TKWY.AS) in food delivery.

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Facebook, Amazon, Google make the wealthy feel just like the rest of us

Friday, December 27, 2019, 8:16 AM

Facebook, Amazon, Google make the wealthy feel just like the rest of us

Amazon just reported that consumers not only bought billions of dollars in stuff from it over the holidays, but purchased "tens of millions" of Amazon devices. Political campaigns that rail against Amazon's dominance are using its platform to order supplies. Big tech is bringing Americans together in many ways, but it's not just through smart devices and hard-to-resist two-day shipping.

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Amazon Deforestation Jumps 100% In November Over Same Month Last Year

Saturday, December 14, 2019, 1:01 PM

Amazon Deforestation Jumps 100% In November Over Same Month Last Year

Deforestation in Brazil's Amazon jumped to the highest level for the month of November since record-keeping began in 2015, according to preliminary government data published on Friday. Destruction of the world's largest tropical rainforest totalled 563 square kg (217.38 square miles) in November, 103% more than in the same month last year, according to the country's space research agency INPE.

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Amazon Says Donald Trump Abused Power In Huge Pentagon Contract

Tuesday, December 10, 2019, 8:07 AM

Amazon Says Donald Trump Abused Power In Huge Pentagon Contract

Amazon is alleging that US-President Trump abused the power of his office to deny the company a massive military cloud-computing contract, court documents released. The technology giant is challenging the awarding of a $10-billion Pentagon cloud computing contract to Microsoft, alleging "unmistakable bias" in the process. Trump has repeatedly lashed out at Amazon and company founder Bezos, who also owns The Washington Post.

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Boris Johnson Backs Digital Tax Despite Donald Trump's Ire

Thursday, December 5, 2019, 7:53 AM

Boris Johnson Backs Digital Tax Despite Donald Trump's Ire

British-PM Boris Johnson said he would press ahead with new-taxes on U.S internet giants like Facebook and Google, putting him at odds with US-President Trump who has threatened retaliation against France over its digital-tax-plans. Johnson's Conservative-Party has committed to implementing a digital-service-tax on the revenue of companies such as Google, Facebook and Amazon in its blueprint for government if it wins this month's national-election.

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Amazon And Flipkart Are Economic Terrorists: CAIT Tells Piyush Goyal

Monday, December 2, 2019, 5:22 PM

Amazon And Flipkart Are Economic Terrorists: CAIT Tells Piyush Goyal

The Confederation of All India Traders (CAIT) has written to Union Minister Piyush Goyal urging the government to take serious actions against Flipkart and Amazon for allegedly violating foreign direct investments (FDI) norms. In the letter, CAIT called the e-commerce majors "economic terrorists". CAIT claimed small retailers have suffered at the hands of e-commerce portals for the last one year.

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Allbirds Calls Out Amazon for Mimicking $95 Wool Sneaker

Tuesday, November 26, 2019, 12:49 PM

Allbirds Calls Out Amazon for Mimicking $95 Wool Sneaker

Shoemaker Allbirds' Co-founder Joey Zwillinger, in a blog post to Amazon CEO Jeff Bezos, accused the e-commerce giant of copying a pair of its $95 sneakers made from merino wool and selling them for one-third the price. However, Zwillinger mocked Amazon for not making their alleged rip-off sustainable and also offered help. "Please steal our approach to sustainability," he said.

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Traders to protest against Amazon, Flipkart on Wednesday: CAIT

Tuesday, November 19, 2019, 5:15 PM

Traders to protest against Amazon, Flipkart on Wednesday: CAIT

Traders in more than 700 cities will on Wednesday protest against the "unethical and unfair business practices" of e-commerce firms Amazon and Flipkart, CAIT said. The Confederation of All India Traders (CAIT) has on multiple occasions alleged that these companies were circumventing the law and abusing Press Note No 2 of the government's foreign direct investment (FDI) policy.

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Amazon offers ad-supported free music streaming service

Tuesday, November 19, 2019, 11:02 AM

Amazon offers ad-supported free music streaming service

Amazon.com Inc said it has introduced an ad-supported free version of its music streaming service Amazon Music, taking on rival Spotify Technology which has nearly 140 million users for its free version. Amazon offers paid plans for its music service starting at $9.99 per month and it is also part of its prime bundle.

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