Amazon to cut further 9,000 jobs as it looks to 'streamline' company as uncertain economy follows pandemic hiring spree
TECHNOLOGY POWERING BUSINESS
News eCommerce
Silvergate Bank To Close Down, Amid FTX Aftermath
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 client
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
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
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
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
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 run
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 revealed
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
Amazon Posts Annual Loss Amid Restructuring
Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses
UK Government Details Plan To Regulate Crypto, Post FTX
HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'
PayPal To Axe 7 Percent Of Workforce
More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”
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'
Feds Arrest Russian Founder Of Crypto Exchange Bitzlato
Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes
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
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 appeal again
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
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 spree
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
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
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
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
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
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
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
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
Amazon, EU Reach Antitrust Deal – Report
Settlement reportedly reached between Amazon and European Commission over alleged anti-competitive practices
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
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