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Topic

Amazon Inc (AMZN)

New EU rules to define gatekeepers by users, areas of business

New EU rules to define gatekeepers by users, areas of business

Published 11 Dec, 2020 12:45am
  • The criteria defining online gatekeepers which control access to people, services and information are expected to hit Alphabet unit Google, Facebook, Apple and Amazon.
  • "It is going to be a fairly short list of gatekeepers," one of the people said, adding that numerical criteria will be used.
France imposes 135mn euros in fines on Google, Amazon

France imposes 135mn euros in fines on Google, Amazon

Published 10 Dec, 2020 01:24pm
  • The regulator said "no matter what path the users used to visit the website, they were either insufficiently informed or never informed of the fact that cookies were placed on their computer."
Amazon to give $500mn in holiday bonuses to front-line US workers

Amazon to give $500mn in holiday bonuses to front-line US workers

Published 27 Nov, 2020 12:10am
  • Full-time operations staff in the United States who are employed by Amazon from Dec. 1 to Dec. 31 will receive a bonus of $300.
  • In an earlier round of one-time bonuses in June, Amazon spent $500 million in one-time payments to front-line employees and partners.
Amazon faces EU antitrust charges over its use of merchant data

Amazon faces EU antitrust charges over its use of merchant data

Published 10 Nov, 2020 06:06pm
  • The European Commission has been investigating Amazon's dual role - as a marketplace for merchants and also a rival seller.
  • The investigation also focuses on how Amazon uses competitively sensitive merchant data to select winners for its "buy box".
Amazon's prep for holiday sales rush, pandemic in focus

Amazon's prep for holiday sales rush, pandemic in focus

Published 28 Oct, 2020 05:01pm
  • Just three months ago, the world's largest online retailer posted the biggest profit in its 26-year history.
  • "Do they have the logistics and delivery capacity to handle order volumes?" Sebastian asked.
Small Business Loses Out As Amazon Freezes Seller Account Amidst Pandemic

Small Business Loses Out As Amazon Freezes Seller Account Amidst Pandemic

Published 28 Oct, 2020 11:07am
  • While Amazon presents itself as a friend of small businesses, small retail businesses owners like Barak Govani suffered unfair treatment when their seller account was suspended, freezing retail inventory worth $1.5 million and pushing the retailer towards poverty amidst the pandemic.
Amazon refuses to appear before India panel on data privacy

Amazon refuses to appear before India panel on data privacy

Published 23 Oct, 2020 07:22pm
  • Amazon is doing huge business in India ... If it doesn't appear before the committee, coercive action may be initiated against it.
  • Separately, Facebook representatives appeared before the committee on Friday. Twitter has been asked to appear on Oct. 28.
Amazon extends work from home option till June

Amazon extends work from home option till June

Published 21 Oct, 2020 10:24am
  • The development comes less than three weeks after the world’s largest online retailer said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year.
Amazon broke virus safety vows, workers say

Amazon broke virus safety vows, workers say

Published 15 Oct, 2020 02:25am
  • The lawsuit claims the company's "oppressive and dangerous" policies violated public-nuisance laws and exacerbated COVID-19 hazards.
  • Amazon says worker safety is its top priority, but employees at several facilities in different states claim their well-being takes a back seat to quickly shipping customers' orders.
Amazon sends legal notice to India's Future Group over Reliance deal

Amazon sends legal notice to India's Future Group over Reliance deal

Published 08 Oct, 2020 01:04am
  • Amazon's investment in Future Group came with contractual rights that include a right of first refusal and a non-compete-like pact.
  • Reliance said in August it would acquire the retail and wholesale business as well as the logistics and warehousing business of Future in a deal valued at $3.38 billion.
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