Amazon’s stock surges on strong earnings, fuelled by AI-driven cloud growth Markets Amazon.com surpassed Wall Street's expectations in its quarterly report, buoyed by the surge of interest in artificial intelligence, particularly in its cloud-computing division, propelling the retail giant's shares up to 5% in after-hours trading.
Regulator launches three investigations into Microsoft and Amazon Tech The CMA is worried that big tech partnerships could give the likes of Microsoft and Amazon too much market power and harm competition.
Amazon announces pay rise for its operational employees Aviation Online giant Amazon has announced a pay rise for its operational staff. The minimum starting pay for frontline operations employees will increase to between £13.50 and £14.50 an hour, depending on location. For those with 36 months’ service, the increase will be to between £13.75 and £14.75 an hour. Amazon said the increase was worth at least 9.8 [...]
Amazon workers begin vote on historic union ballot July 9, 2024 More than 3,000 staff at Amazon's Coventry site are taking part in the vote, which will last until July 13. The result is expected two days later.
Amazon faces potential investigation as Prime Day nears July 11, 2024 A watchdog has warned that it would "not hesitate" to launch a formal investigation into Amazon if concerns were raised that the US giant was not treating its suppliers fairly and lawfully.
Forget Rightmove, we need an Amazon for home buyers June 23, 2024 Rightmove has been the dominant force in property portals for almost two decades. Currently the 5th most shorted stock in FTSE by investors, it is the indisputable leader in its field. But the question on everyone’s lips is how much longer this will be the case? asks Babek Ismayli Disruptors have been seeking to dethrone [...]
Amazon Prime top of the table to bag Liverpool documentary rights August 14, 2024 Amazon Prime are in pole position to pick up the UK rights for the Liverpool documentary based on Jurgen Klopp’s last six months at Anfield. City A.M. has learned that Amazon have entered advanced negotiations with the club and production company Lorton Entertainment to show the documentary, which was filmed over the second half of [...]
Amazon cleared for take-off as delivery drones to be tested in the UK August 15, 2024 The use of Amazon delivery drones in the UK will be tested by the Civil Aviation Authority (CAA), in its latest move to modernise UK airspace. The CAA will test machines which fly out of the human controller’s line of sight, a move which is likely to get the ball rolling on drone-delivered packages in [...]
Amazon Coventry workers await landmark union vote result July 15, 2024 A win by the GMB union would bolster their ability to address health and safety concerns at the Coventry warehouse.
Happy 30th birthday Amazon, so what’s next? July 5, 2024 Amazon has been successfully innovating for three decades, but what’s worked so far may not suffice for the next stage, says Julian Skelly This week, Amazon celebrates its 30th birthday. From humble beginnings as an online bookstore, it’s evolved into a global brand, reshaping industries and redefining how we shop, work, and live. In a [...]