Amazon has started pumping money into its India business despite regulatory rules that mandate how companies can source goods for marketplaces, according to a news story. Amazon put Rs 2,999 crores ($404 million) into its India business, which follows an infusion of $315 million half...
Regulatory scrutiny is indeed coming to bear on big tech firms — along with increased attention on consumer privacy and use of data — but it is unlikely to deter Amazon from the way it makes consumer-facing products. In an interview with CNBC’s Jon Fortt...
An Amazon executive has said the eCommerce giant welcomes a review of its business, as some are calling for the break-up of the company. “Substantial entities in the economy deserve scrutiny, and our job is to build the kind of company that passes that scrutiny,”...
Amazon has opened physical kiosks in the U.K. that will offer a rotating range of items at discounted prices. The first kiosks will be based in London at various rail stations, including Charing Cross, King’s Cross, Paddington, Liverpool Street and London Bridge. The locations will...
Amazon said it has deployed 200,000 robotic drives around the globe, according to a report by TechCrunch. The remarks were made at the company’s re:MARS conference in Las Vegas by Robotics VP Brad Porter. Earlier in the year, the company said it had 100,000 robot...
Amazon has announced it’s going to have a drone delivery service within months, according to a report by Reuters. The announcement was made by CEO of Worldwide Consumer Jeff Wilke on Wednesday (June 5) at the company’s “re:MARS” conference in Las Vegas. The drone will...
Patrick Gauthier, vice president of Amazon Pay, said voice payment through digital assistants will transform the payments industry in the same way mobile phones did, according to a report by CNBC. He said the technology is a “new era in commerce. It is akin to...
Amazon, the Seattle, Washington eCommerce giant, is expanding in the U.K., planning to launch pop-up stores to give small businesses the chance to sell on High Street. In a press release, Amazon said it teamed up with Enterprise Nation, which supports more than 90,000 U.K....
Amazon could be on tap to receive more antitrust scrutiny under an agreement by regulators in the U.S. According to a report in The Washington Post citing people familiar with the matter, under the agreement the Federal Trade Commission more closely regulates the eCommerce giant....
