E-commerce giant Amazon is to axe thousands more staff than previous reported, as major layoffs continue in early 2023
News eCommerce
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
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
Amazon ‘May Reach EU Antitrust Deal By Year End’
Amazon reportedly set to reach antitrust settlement with European Commission before end of year after it offers more concessions
Amazon CEO Andy Jassy Says Layoffs Will Continue Into 2023
CEO memo to Amazon workers confirms layoffs will continue into next year, with total number of job losses still to be determined
Amazon Begins Culling Device Unit Staff, Amid 10,000 Layoffs
Memo from Amazon hardware boss reveals layoffs among its devices and services team have begun, amid company plan to axe 10,000
Amazon Launches Virtual Health Clinics In US
The doctor will see you now. E-commerce giant Amazon launches virtual doctor surgery in the US for people's common ailments
Amazon’s Jeff Bezos To Give Away Most Of Fortune
Founder of Amazon and one of the richest men in the world, promises to give away vast majority of his $124bn (£110bn) fortune
Amazon To Axe 10,000 Jobs – Report
E-commerce giant Amazon to follow similar moves by other tech players, with largest headcount reduction in its history
Crypto Market Rocked As Binance Drops FTX Rescue Deal
Cryptocurrency prices plunge after crypto exchange platform Binance withdraws from purchase of its failing rival FTX Trading
Geneva Police Ground Drone Busting Eagles
Where eagles no longer dare. Switzerland cancels its drone busting eagle duo, over uncertain success rates and safety concerns
Amazon Pauses Corporate Workforce Hiring
Weeks after it paused hiring for corporate retail jobs, Amazon extends hiring freeze for roles across its corporate workforce
Amazon Faces $1 Billion UK Lawsuit, Allegedly Favouring Own Products
Legal trouble for e-commerce giant in the UK over its 'Buy Box' section, amid allegations it favoured its own products
Amazon Enters UK Insurance Market With Comparison Site
Financial services push sees Amazon enter UK insurance market, with challenge to four established price comparison websites
New York, Amazon Settle Pandemic Protection Lawsuit
Stand down. New York state's attorney general agrees to halt lawsuit against Amazon over alleged failures to protect workers during pandemic
Spain Opens Competition Probe Into Booking.com
Spanish competition regulator opens investigation into whether Booking.com economic practices 'exploit' hotels
Google Shopping Competitors Demand Antitrust Rework
Dozens of online shopping companies demand European Commission apply new rules in antitrust enforcement row
Amazon Halts Scout Delivery Robot Trials
Amazon halts trials of delivery robot and reassigns staff as company adjusts to slowing retail sales growth
SWIFT Publishes Blueprint For Central Bank Digital Currency
Digital currency solution for the world? Potential blueprint for digital currencies offered by central banks published by SWIFT
Amazon Suspends 50 Staff At Staten Island Warehouse After Fire
Fifty workers at Amazon's only unionised American warehouse have been suspended after they refused to work after a fire
Amazon Freezes Corporate Hiring For Retail Operation
Confirmation from Amazon that it has paused hiring for corporate positions in its retail operation, after media report
Amazon India Switches On Livestream E-Commerce
Amazon India launches livestream e-commerce feature to coincide with annual sale as it seeks to emulate huge success of feature in China