Revealed: Amazon to open 260 supermarkets across UK as it plots to take on Tesco and Sainsbury’s directly November 17, 2021 Amazon has developed detailed plans to storm the UK supermarket sector as the e-commerce is planning to open hundreds of cashierless grocery stores across the country in the next three years. More than 260 Amazon-owned and run supermarkets are to be launched before the end of 2024, namely 60 in 2022, another 100 per year [...]
Spotify and Snapchat among apps hit by network outages November 16, 2021 Social media sites and internet services including Snapchat, Spotify, Discord and Amazon have reported network downtime this evening. Google Cloud, which provides web hosting services, emerged as the culprit for site outages across the internet and while most sites are back online the company’s status page is still registering an outage to networking services. Amid [...]
Amazon enters London bus market as it starts running four lines November 12, 2021 Amazon has entered the London bus market, providing services for employees and contractors. The e-commerce giant has four routes – which are run by contracted operators – to connect London to the outskirts where most of its warehouses are located, according to a MyLondon report. Unlike TfL buses that are red, have the logo and [...]
Amazon looks to settle antitrust investigations with European Commission to avoid heavy restrictions November 9, 2021 Retail giant Amazon looks to settle two antitrust investigations to avoid fines and restrictions from the EU.
Amazon accused of misleading customers with delivery times November 7, 2021 Amazon has been accused of misleading customers by moving deliveries to a later date when customers go to checkout to pay.
The future of Amazon Alexa: turning off lights and locking doors November 3, 2021 Tom Taylor, senior vice president of Amazon’s Alexa division, said that the tech giant was working on enabling its digital voice assistant to recognise certain unique sounds around a household, creating 'ambient intelligence'.
G20 leaders back global minimum corporate tax deal from 2023 October 30, 2021 World leaders are set to endorse a deal on a global minimum corporate tax of 15 per cent, to be enforced in 2023. Leaders are readying to back the Organisation for Economic Co-operation and Development (OECD)’s deal, according to draft conclusions of the G20 summit. The documents, seen by Reuters, stated: “We call on the [...]
S&P 500 and the Nasdaq set to fall after Apple and Amazon disappoint October 29, 2021 The S&P 500 and the Nasdaq indexes are expected to feel the repercussions of Apple and Amazon's supply chain woes.
Amazon posts another jump in sales but warns of ‘billions’ of additional Q4 costs October 28, 2021 Amazon has warned investors it is expecting to incur “several billion dollars of additional costs” due to labour shortages, increased wage costs and global supply chain issues. The firm posted third quarter sales of $110.8bn (£80bn) in the three months to end of September, a 15 per cent jump year on year. Amazon said the [...]
Amazon expected to weather the supply chain storm with third-quarter results October 28, 2021 Amazon is expected to report strong results this evening, as the company shows its gearing up for Christmas with over 300,000 new global roles, including seasonal hires and corporate workers. Analysts suggest the online retailer will to post quarterly earnings of $8.72 per share in its upcoming report, which represents a year-over-year change of -29.5%. [...]