Amazon CEO Jeff Bezos arrived in India amid protests and an antitrust probe to attend a two-day summit and extend a $1 billion investment to digitize the country, according to reports on Wednesday (Jan. 15). Hosted by Amazon, the inaugural summit Amazon Smbhav Jan. 15-16...
Amazon is lending a helping hand to Deliveroo amid the food delivery startup’s troubles with the U.K. government. The U.K. is investigating Deliveroo’s last funding round. Without financial aid from Amazon, the company would have risked running low on funding, according to Bloomberg. Deliveroo’s spokesperson...
Amazon is cracking down on the sale of counterfeit goods, saying it will now cooperate more intensely with law enforcement on those matters. According to a source who spoke to Reuters, the worldwide eCommerce retailer will now report counterfeit goods directly to U.S. and European...
Amazon, during the height of the holiday shopping season, told its customers to uninstall Honey, a browser extension that automatically searches for coupon codes at checkout, according to a report by CNBC. Amazon said Honey could be a “security issue.” PayPal acquired Honey for $4...
IKEA has announced it is cutting ties with Amazon, a move that other brands like Nike, Birkenstock and PopSockets have also done recently. However, according to a report by CNBC, the move could backfire, as Amazon completely dominates the online shopping market, with 38 percent...
Germany — Amazon’s second-biggest market after the U.S. — could be getting physical stores, Reuters reported on Saturday (Jan. 4). Amazon’s German head was quoted in a local newspaper as saying the eCommerce giant is aware that its customer base has needs that go beyond...
In a move that could further upend traditional brick-and-mortar retail engagement, the United States Patent and Trademark Office published an application this week from eCommerce giant Amazon.com detailing a software system that would identify individuals through unique biometric qualities and characteristics associated with the palms...
Amazon led the highest ever S&P 500 Index thanks to robust holiday sales that made 2019 “record-breaking” for the eCommerce giant, Bloomberg reported on Thursday (Dec. 26). Prime added some 5 million new subscribers and one-day or same-day shipping quadrupled over 2018’s holiday shopping season....
As demand for connectivity in vehicles grows, automakers are clamoring to put Amazon Alexa behind the wheel — or at least in the passenger seat, CNBC reported on Tuesday (Dec. 24). Demand for voice-activated technology is “through the roof” as 2020 rings in, according to...
