Mamma Mia! Italy's antitrust watchdog fines Amazon a massive 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance
TECHNOLOGY POWERING BUSINESS
News eCommerce
Amazon Prime, Ring Services In US Impacted By AWS Outage
Big name services from Amazon including Prime Video, Ring doorbells and even the Amazon e-commerce websiteetc impacted by Amazon Web Services outage
Craig Wright Wins US Case Over Bitcoin Inventor Claim
Computer scientist who claims to be Satoshi Nakamoto, wins US court case against former partner, and avoids having to split huge cache of bitcoin
Jack Dorsey’s Square Changes Name To Block
When a Square becomes a Block. Payments giant Square will change its corporate name to Block next week, amid blockchain focus
Facebook Cryptocurrency Executive David Marcus To Leave
Executive in charge of Meta's cryptocurrency efforts, confirms he is leaving after seven years at the social networking giant
NY AG Seeks Overseer For Amazon Worker Safety
New York's attorney general asks US judge to appoint someone who will oversee worker safety at Amazon, and to force it to rehire fired worker
Amazon’s Alabama Warehouse To Vote Again On Trade Union
Not the right outcome? Workers and staff at Amazon fulfilment centre in Bessemer, Alabama to vote again whether it should unionise
India Moves To Ban Private Cryptocurrencies
India is to launch its own official digital currency, but will also ban private cryptocurrencies under new government proposals
Alibaba Growth Slumps As China Consumption Slows
Alibaba reports disappointing quarterly growth and full-year revenue expectations amidst regulatory crackdown and more cautious consumer spending
Amazon May Drop Visa As US Credit Card Partner – Report
Clash with Visa over payment fees grows, as Amazon explores partnership options on co-branded credit card in the United States
Amazon To Stop Accepting Payments From UK Visa Credit Cards
Costly fees. E-commerce giant Amazon says customers from January will not be able to pay for goods using a UK Visa credit card
Amazon Fined $500,000 Over Covid Notification Mistakes
California forces Amazon to pay $500,000, alleging it failed to “adequately notify” workers and health authorities about new Covid-19 cases
Alibaba Singles’ Day Growth Slumps Amidst Crackdown
Alibaba's Singles' Day grows at slowest rate since launch amidst regulatory crackdown, as e-commerce giants emphasise social responsibility
Google Loses Appeal Against EU Antitrust Ruling
Google's appeal against $2.8 billion antitrust fine issued in 2017 after investigation of its price comparison shopping service, has been dismissed
Apple To Drop Mask Requirement For Many US Stores – Report
Customers visiting many Apple US stores on Friday will no longer be required to wear masks, although the requirement will remain for retail staff
Amazon Faces Fresh Union Drive In New York City
More than 2,000 Amazon warehouse workers in New York City sign union cards, as company faces fresh challenge to lack of labour organisation in US
Alphabet’s Wing Begins Drone Deliveries In Texas
Drone specialist Wing partners with Walgreens in the US to begin deliveries in major metropolitan areas, starting in Texas
G7 Finance Ministers Agree Principles For Central Bank Digital Currencies
Finance officials from the G7 endorse 13 public policy principles for central banks and digital currencies, and urge transparency and rule of law
Amazon Targetted With Employee Rights Claim For UK Drivers
After Uber decision, another legal action is launched that could impact the gig economy with Amazon drivers seeking employee rights
Amazon To Allow Teams To Decide Office Time
Directors of corporate teams at Amazon will decide how long their team has to work in offices, and how long they will work remotely
World Leaders Agree Corporation Tax Rate
Tax loophole finally closed? After years of talks, threats and tariffs, world leaders reach an historic agreement of 15 percent corporation tax rate
Amazon Sued By Workers Over Lengthy Covid Screening Times
Workers at Colorado warehouses allege they have to wait up to an hour of their own time, in order to be screened for Covid, before they can clock in
Apple ‘May Be Working On Mobile Advertising Platform’
Anti-tracking tech in iOS 14.5 may be part of Apple plan to compete in online advertising against Facebook and Google, financial analysts say
Amazon Settles Lawsuit With Two Fired Staffers
Undisclosed lawsuit settlement reached with two former Amazon employees, who alleged they were fired over their 'workplace activism'
Elon Musk Tells US Government To Back Off Crypto Regulation
Tesla boss Elon Musk pushes back against crackdowns, and says US government should avoid regulating the cryptocurrency market
Bird Attack Forces Google To Suspend Drone Deliveries
Angry birds! Google Wing delivery drones in the Australia capital of Canberra have been grounded after being attacked by ravens
Australian Bank Slams Apple Pay – Report
Head of Australian bank complains to lawmakers about Apple's alleged monopolist control of its NFC-based Apple Pay system
US Treasury Sanctions Cryptocurrency Exchange Suex
Cryptocurrency exchange Suex hit with sanctions by US Treasury Department for alleged role in laundering ransomware payments
Boris Johnson Talks Tax With Amazon’s Jeff Bezos
Downing Street confirms British Prime Minister discussed the issue of taxation during meeting with Jeff Bezos in New York
Teamsters Union Targets Amazon Facilities Across Canada
Following unionisation effort in Edmonton, Alberta Teamsters Union reportedly expands organisation drive to at least nine Amazon locations across Canada