Page 33 - Amazon

Amazon rallies on cloud recovery as it chases Microsoft for AI business

Amazon shares have rallied about 40% this year, but they have lost nearly 8% in the past two days after Alphabet warned that cloud customers were curbing spending

Nasdaq, S&P 500 edge higher as Amazon, Intel lift beaten-down megacaps

Core inflation which excludes volatile food and energy components rose 0.3%, meeting estimates

Amazon warehouse workers' injuries more widespread than thought: Study

The new national study, published Wednesday by the University of Illinois Chicago's Center for Urban Economic Development, found that 69% of workers surveyed stayed home without pay to recover

Amazon rolls out independent cloud for Europe to address privacy standards

Amazon is rolling out an independent cloud for Europe as it looks to address strict regulations that companies and those in the public sector face in the European Union. Amazon Web Services said on Wednesday that its AWS European Sovereign Cloud, which will be located in and operate out of Europe, will have the same security, availability, and performance as existing AWS regions but will be separate from them. The cloud will let customers keep all metadata they create in the European Union and will have its own billing and usage metering systems. The AWS European Sovereign Cloud reinforces our commitment to offering AWS customers the most advanced set of sovereignty controls, privacy safeguards, and security features available in the cloud, Max Peterson, vice president of Sovereign Cloud at AWS, said in a written statement. Transatlantic data protection has been a growing concern since the European Union's top court struck down a data sharing agreement in 2020 known as Privacy ...

Amazon discloses 181 mn users in EU in first store transparency report

In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms

Amazon, X will likely avoid paying bill for enforcing EU's content rules

The commission estimates it needs $47.7 mn to enforce Digital Services Act this year. Very large online platforms required to divvy up those costs based on the number of users they have

Amazon to start testing drones that will drop prescriptions on doorstep

Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications. The company said Wednesday that customers in College Station, Texas, can now get prescriptions delivered by a drone within an hour of placing their order. The drone, programed to fly from a delivery center with a secure pharmacy, will travel to the customer's address, descend to a height of about four meters or 13 feet and drop a padded package. Amazon says customers will be able to choose from more than 500 medications, a list that includes common treatments for conditions like the flu or pneumonia, but not controlled substances. The company's Prime Air division began testing drone deliveries of common household items last December in College Station and Lockeford, California. Amazon spokesperson Jessica Bardoulas said the company has made thousands of deliveries since launching the service, and is expanding it to include ...

Amazon, Tripadvisor partner to battle fake reviews, FTC seeks to ban them

Some of the most used platforms for travel and online shopping said Tuesday they're going to team up to battle fake reviews. Amazon, reviews site Glassdoor and Trustpilot as well as travel companies Expedia Group, Booking.com and Tripadvisor said in an announcement they're launching a coalition that aims to protect access to trustworthy consumer reviews" worldwide. The companies said the members of the group, which will be called Coalition for Trusted Reviews, will look for best practices for hosting online reviews and share methods on how to detect fake ones. That will include developing standards for what constitutes a fake review and sharing information about how bad actors operate. Phony reviews have long plagued online marketplaces despite their efforts to eradicate it. Much of the problem is fueled by brokers who solicit fake customer reviews through social media platforms, encrypted messaging apps and other channels in exchange for money, free items or other benefits. Broke

Billion-dollar shake-up: Global tech firms shed over $600 bn m-cap in Q3

Among the top 25, NVIDIA added another $19 billion to its market value in the third quarter, despite a modest 1.86 per cent growth

Amazon, Exxon hydrogen hubs set to receive portions of $7 bn US Funds

The hydrogen hub awards, which were funded in 2021's bipartisan infrastructure law, mark the culmination of a furious race between states

Amazon Great Indian Festival Sale 2023 Day 6; Check the best deals to crack

The Amazon Great Indian Festival sale is still on, and people are getting the best deals from this sale. Here are the best deals available on great Indian sales, check the list

Amazon's expansion into logistics services could unlock $100 bn in revenue

Analysts see the strategy echoing what the firm achieved with its cloud business, when it built Amazon Web Services to serve its own needs before opening the platform to third-party merchants

Amazon confirms plans to offer 'affordable broadband' through satcom

An Amazon spokesperson said that Project Kuiper (Amazon's broadband-from-space venture) will bring fast internet services to underserved communities around the world

Amazon Great Indian Festival Sale, Day 4: Sofas and home theatres to buy

Amazon offers different categories of products at huge discounts during its great Indian Festival sale. Here, you can buy the best L-shaped sofas and home theatres to enhance the look of your house

Early Diwali: Festival fireworks light up Flipkart, Amazon e-tail party

The CBDT chief said that the department has resolved 1.4 lakh entries under a new demand management facilitation system it launched last year

Amazon antitrust lawsuit likely to be long, arduous journey for FTC

Amazon is heading into one of its biggest sales events of the year Prime Day with a lawsuit hanging over its head that accuses it of preventing sellers from hawking their merchandise at lower prices on other sites. The Federal Trade Commission's long-awaited antitrust case is the agency's most aggressive move yet to tame the market power of Amazon, a company that's become synonymous with online shopping and fast deliveries. Under chair Lina Khan, the agency hasn't been shy about taking big swings against some of America's biggest companies and testing the limits of competition law to reverse what many of her supporters see as decades of weak antitrust enforcement. But that approach has also led to some high-profile setbacks, most notably in the FTC's bid to block Microsoft's takeover of Activision Blizzard and Meta's acquisition of the virtual reality startup Within Unlimited. The FTC is appealing the judge's ruling in the Microsoft case. The Amazon case, which was backed by 17 .

Amazon's Cloudtail revenue declines by 84% to Rs 3,093 crore in FY23

E-commerce company Cloudtail India registered an 84 per cent fall in revenue to Rs 3,093 crore in 2022-23, a report by market research firm Tofler said on Tuesday. Cloudtail, now an Amazon-owned e-commerce entity, ceased its business-to-consumer operations in April 2022. The firm continues to operate as a facilitator for sellers. As per Tofler, Cloudtail posted a net loss of Rs 98 crore in 2022-23. "Cloudtail India Limited, an e-commerce firm, reported its revenues for the financial year 2022-23 as Rs 3,093 crore, an 84 per cent fall since the last financial year. The company further reported a net loss of Rs 98 crore during the same fiscal. The company's total expenses for the fiscal were reported as Rs 3,191 crore," a Tofler statement read. Cloudtail was initially formed as a joint venture between Amazon and Infosys founder NR Narayana Murthy-owned firm Catamaran. It was operated by Prione Business Services in which Catamaran held a 74 per cent stake. Catamaran decided to ...

Amazon Great Indian Festival Sale, Day 2: Smart TVs, Smartwatches to buy

Amazon offers products under different categories, which are available at huge discounts. Here's the list of the best smart TVs and smartwatches to buy on Great Indian Sale

Amazon seeks IN-SPACe's approval to provide satcom services in India

Amazon is also expected to apply to the DoT for a global mobile personal communication by satellite services (GMPCS) licence

Festive season sale: E-commerce firms witness over 15% growth in orders

Myntra is expecting over 8 million customers to shop during BFF. Last year, about 6 million customers shopped during the event