Amazon pushes back on return to office as Delta variant takes hold in US August 6, 2021 Amazon has postponed the return to the office for its employees until January 2022 amid concerns about continued surging coronavirus cases worldwide. The retail giant said on Thursday it would not expect its corporate employees – who had been due to return to their desks next month – to return to the office until 3 [...]
Amazon tries to cut waste after backlash from ITV investigation August 5, 2021 E-commerce giant Amazon is to reduce rubbish with two new policies following an ITV News investigation which found the company destroying millions of items of unsold stock. The largest online retailer came under fire two months ago after ITV released footage of an Amazon warehouse in Dunfermline, Scotland destroyed everything from laptops and TV’s to [...]
Amazon meddled with a union election, US labour watchdog says August 3, 2021 E-commerce giant Amazon has meddled with a union election by not ensuring ballot privacy and handing out paraphernalia that discouraged organising, according to the US labour watchdog. The National Labour Relations Board (NLRB) had been investigating a number of alleged illegal actions during Amazon’s union drive. In its latest report, the NLRB issued recommendations that [...]
Over 100 Amazon Prime Air staff let go as drone deliveries fail to get off the ground August 3, 2021 More than 100 Amazon Prime Air employees have lost their jobs as the project has cut back parts of its UK operations, according to reports. Amazon Prime Air, which launched in 2016, is e-commerce giant Amazon’s delivery division for drones. However, a number of employees on the UK team told Wired that the drone project [...]
Amazon shares sink as EU hands down record €746m EU data privacy fine July 30, 2021 Amazon has been hit with a record €746m (£635m) fine for breaking EU rules over how it processed customers’ personal data, the tech giant disclosed today. In a regulatory filing Amazon said the Luxembourg National Commission for Data Protection (CNPD) had issued the ruling against it for breaches of EU data protection rules on 16 [...]
Amazon falls short of estimates amid retail competition July 29, 2021 Amazon reported second quarter sales that missed Wall Street expectations on Thursday, in a rare shortfall as rival retailers ramped up online sales and brick-and-mortar made a recovery when lockdown restrictions eased. The e-commerce giant posted net quarterly sales of $113.08bn to June 30, up from $88.91bn a year earlier. Its results fell short of [...]
One in three retail sales: Shoppers to spend record £120bn online this year July 28, 2021 Following a surge in online sales in 2020 thanks to Covid-19 and three strict lockdowns, UK shoppers are expected to further increase their spending as new data forecasts £120.5bn in online purchases this year alone. Online sales in the UK saw an increase of 46.5 per cent in 2020, with British consumers spending £110.6bn online [...]
Big Tech earnings: What to expect this week as tech titans report July 27, 2021 Wall Street is gearing up for a slew of Big Tech earnings this week with Apple, Amazon, Facebook, Google and Microsoft all set to deliver figures for their latest quarter. Twitter and Snap kicked off proceedings by smashing expectations last week, raising hopes that a post-pandemic advertising rebound will boost other platforms. Tesla also shrugged [...]
Bezos offers to cover $2bn of Nasa costs for lunar contract July 27, 2021 Amazon billionaire Jeff Bezos offered Nasa a $2bn (£1.45bn) discount if the space agency allows its company Blue Origin to build a spacecraft to land astronauts on the moon. Bezos said Blue Origin would waive payments up to $2bn in the current and next two fiscal years “to get the program back on track right [...]
Space-tech: Billionaire Bezos’ flight to space to draw in starry-eyed investors July 21, 2021 Following Amazon boss Jeff Bezos’ 10-minute venture into space yesterday, space-tech investment may be set to rocket, space-fund boss Mark Boggett has said. Just last week Boggett’s space investment firm Seraphim Space listed on the London Stock Exchange after rallying £178.4m from starry-eyed investors in mid-July. “Branson, Musk and Bezos initially cracked open the [...]