eCommerce

Silvergate Bank To Close Down, Amid FTX Aftermath

Silvergate Capital, one of the two main banks for the crypto industry, announced on Wednesday that it will wind down…

2 years ago

Lawyers For FTX’s Sam Bankman-Fried Hint At Trial Delay

Legal team for former FTX CEO Sam Bankman-Fried suggest they may need more time to prepare legal defence of their…

2 years ago

Amazon Pauses Construction At Second HQ In Virginia

Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant

2 years ago

Former FTX Engineer Pleads Guilty To Fraud Charges

Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud

2 years ago

Amazon Closes Acquisition Of Healthcare Provider One Medical

After US authorities refuse to challenge acquisition, Amazon closes its $3.9 billion deal for healthcare provider One Medical

2 years ago

Amazon Staff Push Back At Return-To-Office Order

Unhappy Amazon staff reportedly taking to internal websites and comms channels to complain about return-to-office order

2 years ago

Terra Co-Founder Do Kwon Charged By US SEC

Do Kwon, co-founder of the failed TerraUSD cryptocurrency, has been charged by US authorities with fraud, after months on the…

2 years ago

FTX’s Sam Bankman-Fried Bond Backers Revealed

As Sam Bankman-Fried faces questions over his use of a VPN, the identity of the $250 million bond guarantors are…

2 years ago

Chinese Version Of TikTok To Expand Food Delivery Service

Chinese version of Tiktok, Douyin, set to expand food delivery trial more broadly across China, capitalising on e-commerce success

2 years ago

Amazon Posts Annual Loss Amid Restructuring

Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses

2 years ago

UK Government Details Plan To Regulate Crypto, Post FTX

HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'

2 years ago

PayPal To Axe 7 Percent Of Workforce

More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”

2 years ago

Charities Criticise Move To Shut Down AmazonSmile

Charities criticise Amazon for surprise decision to shut down AmazonSmile donation programme that it said was 'spread too thin'

2 years ago

Feds Arrest Russian Founder Of Crypto Exchange Bitzlato

Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes

2 years ago

Bank of England Governor Questions Need For Digital Pound

Not surprising. Crypto critic and Bank of England Governor Andrew Bailey questions need for a digital pound

2 years ago

Amazon Staten Island Union Victory Upheld By Federal Board

Historic trade union victory at at Amazon’s Staten Island warehouse last year has been upheld, but Amazon said it will…

2 years ago

Amazon ‘Fully Committed’ To Alexa Despite Job Losses, Says Hardware Boss

Hardware boss insists Amazon is still committed to its Alexa voice assistant, despite major restructuring and job losses

2 years ago

Amazon To Close Three UK Warehouses

Amazon to close three UK warehouses this year as it plans to lay off 18,000 employees worldwide, following pandemic-era spending…

2 years ago

Study: Nine In Ten UK Game Sales Went Digital In 2022

Industry figures find nearly nine in ten video game sales were digital downloads last year, amidst pandemic-inspired home entertainment surge

2 years ago

Amazon To Axe More Than 18,000 Jobs

E-commerce giant Amazon is to axe thousands more staff than previous reported, as major layoffs continue in early 2023

2 years ago

Alibaba Prospects ‘Brighter’ After Long Regulatory Crackdown

Alibaba's prospects look 'better' this year, say analysts, after two years of pressure from regulators and slower consumer spending

2 years ago

Amazon Begins ‘Prime Air’ Drone Deliveries In California, Texas

Drones for Amazon Prime Air began making Christmas deliveries for two communities in California and in Texas

2 years ago

Amazon Mulls Stand-Alone Sports Content App – Report

Sports on Amazon's Prime Video streaming service could potentially be hived off into a separate stand-alone app

2 years ago

Amazon ‘Could Be Held Responsible’ For Trademark Breach

European Union's top court says Amazon may be held responsible for trademark-infringing red-soled shoes advertised on its platform

2 years ago

Amazon Seals Antitrust Deal With EU Regulator

European Commission accepts Amazon commitments to avoid fine in two antitrust cases, as new laws due to come into force

2 years ago

Trial For Wirecard Executives Begins In Germany

Trial of former CEO and other managers begins in Germany, following spectacular collapse of Munich fintech Wirecard in 2020

2 years ago

Amazon, EU Reach Antitrust Deal – Report

Settlement reportedly reached between Amazon and European Commission over alleged anti-competitive practices

2 years ago

HM Treasury Finalising Crypto Industry Rules – Report

UK's Treasury is reportedly finalising sweeping new powers for Financial Conduct Authority to properly regulate the cryptocurrency industry

2 years ago

US Appeals Court Likely To Dismiss Race Lawsuit Against Amazon

Christian Smalls lawsuit against e-commerce giant Amazon is unlikely to succeed in the US Appeals Court, according to reports

2 years ago

Maersk, IBM Discontinue Blockchain Shipping Platform

TradeLens, a blockchain platform from shipping giant Maersk and IBM is to be discontinued, to due lack of commercial viability

2 years ago