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 Prime Video to introduce ads for UK subscribers amazon Consumers can pay £2.99 per month to avoid adverts while watching Amazon shows
CMA: Amazon and Meta agree to retail competition improvements November 3, 2023 As part of the new commitments, Amazon has agreed to give independent sellers a fair chance of their offers being featured in the site’s “Buy Box”, where most sales on the platform take place.
Amazon’s $1.7bn bid for iRobot faces questions from UK’s competition agency April 6, 2023 The UK’s competition regulator has launched an investigation into Amazon’s proposed $1.7bn acquisition of the Roomba manufacturer, iRobot. The Competition and Markets Authority (CMA) announced today that it will investigate whether the merger will result in “substantial lessening of competition” in the UK market. Amazon and iRobot announced the merger back in August 2022. The [...]
Amazon to start drone delivery in the UK next year October 18, 2023 Amazon Prime's Air drove delivery service is set to expand into the UK in late 2024, the company confirmed today.
Amazon to invest in more robots to speed up deliveries and packing February 28, 2024 Amazon is ramping up investment into robotics as it looks to speed up its packaging and delivery processes.
Royal Mail to introduce parcel lockers to keep pace with Amazon December 27, 2023 Royal Mail has announced plans to use parcel lockers after criticism for slow deliveries and claims of neglected letters.
Uncovering the Rise of the Working Poor: Walmart, DoorDash, Amazon December 5, 2023 While the rise of the “gig economy” has improved the lifestyles of many consumers, with everything from last-minute birthday gifts to a Pad Thai lunch ordered and delivered at rapid speed, it is noticeably coupled with the emergence of the “working poor”. Three American giants came under fire last month after the Financial Times published [...]
Capita picks Amazon exec to lead outsourcing giant July 31, 2023 London-listed outsourcing firm Capita is undergoing a change of leadership as CEO Jon Lewis steps down, passing the baton to Adolfo Hernandez. After over five years at the helm, Lewis is retiring as chief executive and board director, leaving the company in the hands of Hernandez, a seasoned tech expert with 30 years of experience, [...]