Amazon.com to freeze hiring in corporate workforce

Amazon.com to freeze hiring in corporate workforce

Over the last month, many media outlets have reported about hiring freezes in parts of Amazon’s cloud unit, AWS, as well as in its retail business. Over the last month, many media outlets have reported about hiring freezes in parts of Amazon’s cloud unit, AWS, as well as in its retail business. Amazon.com Inc. will […]

Continue Reading
Amazon testing TikTok-style feed with videos on its ecommerce app, AI firm says

Amazon testing TikTok-style feed with videos on its ecommerce app, AI firm says

Amazon appears to be getting the TikTok bug, joining other companies seeking to hold consumers’ attention by introducing replicas of the popular social platform Amazon appears to be getting the TikTok bug, joining other companies seeking to hold consumers’ attention by introducing replicas of the popular social platform Amazon appears to be getting the TikTok […]

Continue Reading
China’s Alibaba strives to keep New York Stock Exchange listing amid audit dispute

China’s Alibaba strives to keep New York Stock Exchange listing amid audit dispute

The e-commerce platform might be delisted for not meeting American auditing requirements The e-commerce platform might be delisted for not meeting American auditing requirements Alibaba Group Holding Ltd on Monday said it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after the Chinese e-commerce giant was placed on […]

Continue Reading
Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. (Sign up to […]

Continue Reading
Amazon and electric car maker Rivian partner to deploy 10,000 customised EVs this year

Amazon and electric car maker Rivian partner to deploy 10,000 customised EVs this year

Though still in the design stage, a host of features aims at boosting driver efficiency and cutting carbon emissions Though still in the design stage, a host of features aims at boosting driver efficiency and cutting carbon emissions E-commerce platform Amazon is working with the electric vehicle manufacturer Rivian to develop and deploy a fleet […]

Continue Reading
Amazon launches centralised seller wallet for select businesses

Amazon launches centralised seller wallet for select businesses

E-commerce platform Amazon has unveiled a new feature aimed at its sellers, to give partnering businesses more power over their funds and how they are managed. (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.) This feature, called the […]

Continue Reading
Amazon faces UK investigation over anti-competitive concerns

Amazon faces UK investigation over anti-competitive concerns

Britain’s competition watchdog is investigating whether Amazon is giving an unfair advantage to merchants that pay for extra services Britain’s competition watchdog is investigating whether Amazon is giving an unfair advantage to merchants that pay for extra services Britain’s competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair […]

Continue Reading
Amazon introduces fully autonomous robot to work alongside humans

Amazon introduces fully autonomous robot to work alongside humans

E-commerce giant Amazon has revealed a new robot, called Proteus, that can operate alongside humans.  A short, unlisted YouTube video showed Proteus carrying out its work, and stopping before a human in its path. Proteus is shaped like a large, flat disc on wheels. The video showed several such robots moving under stacked trolleys, expanding […]

Continue Reading