Amazon is upping the ante in its bid to thwart the $3.4 billion acquisition of Future Retail by the U.S. tech company’s major Indian eCommerce rival, Reliance Industries, owned by Mukesh Ambani, the richest man in Asia. The U.S. online retail and tech behemoth on Wednesday...
Formal antitrust charges against Amazon will be announced by EU competition commissioner Margrethe Vestager over how the eCommerce giant handles data from the merchants on its platform, according to a Financial Times (FT) report citing sources. At issue is Amazon’s parallel responsibility to third-party vendors...
The eCommerce surge generated from the COVID-9 pandemic has prompted Amazon to open three additional logistics hubs in Brazil, according to a report in Reuters on Monday (Nov. 8). The new centers are operating in Minas Gerais, Rio Grande do Sul and Brasilia, the country’s...
Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops...
Amazon, which is fuming over a decision by its India business partner Future Retail to sell assets to rising Amazon rival Reliance Industries, has asked India’s top securities regulator to block the deal, Reuters reported. Amazon, according to Reuters, sent a letter to the Securities...
Amazon is officially taking the wraps off its new, automated inventory ordering system for small businesses, known as Dash Smart Shelf. Amazon on Thursday said the new, $19.99 auto-replenishment scale is now available for sale to Amazon Business customers and to consumers as well, who...
Amazon is advancing its presence in Sweden with a new eCommerce site and a clean energy grid to support the tech giant’s data centers, according to company statement on Wednesday (Oct. 28). The 91-megawatt power project Amazon is building in Sweden will likely deliver approximately...
Amazon reports earnings on Thursday (Oct. 29) and it has an impossible act to follow. With its Q2 earnings reaping every benefit of the pandemic-driven digital-first economy, it set a new standard for exploding past earnings estimates with revenue up 40 percent to $88.9 billion....
Amazon is rolling out free, one-hour grocery pickup at Whole Foods across the U.S. for Prime members, Amazon said in a statement on Wednesday (Oct. 21). Minimum order for free pickup is $35 and can be placed through the Amazon app on the Whole Foods...
