Tag Archives: amazon


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Apple’s AirPods will not escape Trump’s China tariffs

08 August, 2019 10:22 am 10:22 am

SAN FRANCISCO (Reuters) – Apple Inc’s AirPods, Apple Watch and HomePod, which have helped the company offset waning sales of its bestselling iPhone this year, are not included in a temporary reprieve on tariffs by the Trump administration and will face a 10% levy on Sept 1. The administration said on Tuesday that some major … Read More



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US lawmakers take jabs at Amazon, Big Tech in antitrust hearing

07 July, 2019 10:35 am 10:35 am

WASHINGTON (Reuters) – Lawmakers on the House Judiciary Committee’s antitrust panel pressed an executive from Amazon.com Inc on Tuesday about allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services. Legislators also demanded explanations from Apple Inc about charges for apps and in-app purchases, Facebook Inc for its … Read More



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Amazon Amazon founder Bezos divorce settlement

Amazon founder Bezos’ divorce final with $38 billion settlement

07 July, 2019 9:57 pm 9:57 pm

(Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported. In April, Amazon, the world’s biggest online retailer, said in a filing that 4% of … Read More



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India to impose retaliatory tariffs on 28 US goods

06 June, 2019 12:43 pm 12:43 pm

NEW DELHI (Reuters) – India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in … Read More



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At least 57 inmates strangled to death in Amazon prison gang clashes

05 May, 2019 9:25 am 9:25 am

SAO PAULO (Reuters) – At least 57 prisoners in Brazil were found strangled to death on Monday in four jails in the Amazon jungle city of Manaus, where a fight between rival prison gangs resulted in 15 dead the day before, authorities said. A federal task force is being sent to Manaus in an effort … Read More



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Amazon facial recognition ban won just 2% of shareholder vote

05 May, 2019 10:24 am 10:24 am

WASHINGTON (Reuters) – Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing showed. Some 2.4% of votes were in favour of the ban. A second proposal that called for a study of the … Read More



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Amazon plans new grocery-store business

03 March, 2019 8:56 am 8:56 am

CALIFORNIA (Reuters) – Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported , citing people familiar with the matter. Amazon is also exploring a strategy of strengthening its new supermarket brand by purchasing regional grocery chains that … Read More



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India proposes new e-commerce regulations with focus on data rules

02 February, 2019 9:34 am 9:34 am

NEW DELHI (Reuters) – India outlined a new draft policy for its burgeoning e-commerce sector focusing on data localisation, improved privacy safeguards and measures to combat the sale of counterfeit products. The proposed overhaul, which would likely increase operating costs for the sector, comes two months after the country modified regulations governing foreign direct investment … Read More



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Amazon exploring potential alternatives to New York HQ

02 February, 2019 8:29 am 8:29 am

WASHINGTON (Reuters) – Amazon.com Inc is exploring alternatives to locating part of its new headquarters in New York in case the plan should fail due to local opposition, a person briefed on the matter said. The online retailer has not yet acquired any land for the project, which would make it easy to scrap its … Read More



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Investors ask how the Bezos divorce will affect Amazon

01 January, 2019 10:30 am 10:30 am

NEW YORK (Reuters) – Amazon.com Inc AMZN.O shares seesawed as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists as the world’s richest person, worth an estimated $136.2 billion, said via Twitter … Read More



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Fast cars and rickety bridges as “The Grand Tour” returns

01 January, 2019 10:22 pm 10:22 pm

  LONDON (Reuters) – Jeremy Clarkson, Richard Hammond and James May return for a third season of their thrill-seeking motor show “The Grand Tour”, with plenty of fast cars and stunning scenery they hope will take viewers’ minds off the real world. The Amazon programme follows the presenters as they test out all sorts of … Read More



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US judge dismisses suit versus Google over facial recognition software

12 December, 2018 9:01 am 9:01 am

CHICAGO (Reuters) – A lawsuit filed against Google by consumers who claimed the search engine’s photo sharing and storage service violated their privacy was dismissed by a US judge who cited a lack of “concrete injuries.” US District Judge Edmond Chang in Chicago granted a Google motion for summary judgment, saying the court lacked “subject … Read More



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Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

12 December, 2018 5:53 pm 5:53 pm

(Reuters) – The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The baseball team, which owns 20 percent of Yes, has also been talking to … Read More



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As FAANG stocks falter, fund managers make bets on survivors

12 December, 2018 10:19 am 10:19 am

NEW YORK (Reuters) – A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher. Shares of Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc, and Google-parent Alphabet … Read More



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Amazon to allow Apple Music on its Echo speakers

12 December, 2018 11:57 am 11:57 am

WASHINGTON (Reuters) – Amazon.com Inc said Apple Music will become available on its Echo smart speakers starting Dec. 17, signaling increasing collaboration between the tech heavyweights. Apple Music subscribers who own Echo devices will be able to listen to Apple Inc’s library of 50 million songs, Amazon said in a blog post. Earlier this month, … Read More



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