Amazon to invest $1billion to aid small, medium Indian businesses

Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025. Bezos’ visit comes amid strident criticism from small business owners who accuse the company and Walmart’s Flipkart of unfair business practices. The… Read More Amazon to invest $1billion to aid small, medium Indian businesses

India orders anti-trust investigation of Amazon, Flipkart

India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for U.S. e-commerce giants operating in the country. The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some… Read More India orders anti-trust investigation of Amazon, Flipkart

Traders plan protests against Amazon boss Jeff Bezos during India trip

Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials. Bezos will participate in an Amazon event in capital New Delhi aimed at connecting with small and medium-sized enterprises, three sources… Read More Traders plan protests against Amazon boss Jeff Bezos during India trip

Amazon acquires Israeli tech startup E8 Storage

Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday. The team at E8 Storage, which provides flash storage for the enterprise and software-defined cloud, will merge with Amazon Web Services development center in Tel Aviv, the source added. The source said the valuation of E8 Storage… Read More Amazon acquires Israeli tech startup E8 Storage

Amazon set to launch online food delivery service in India

Amazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market. The Seattle-based company is working with local partner Catamaran, founded by IT industrialist Narayana Murthy, and has begun hiring… Read More Amazon set to launch online food delivery service in India

U.S. Senator Elizabeth Warren vows to break up Amazon, Google and Facebook if elected president

Senator Elizabeth Warren vowed on Friday to break up Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc if elected U.S. president to promote competition in the tech sector. Warren, who is seeking to stand out in a crowded field of presidential candidates, said in a blog post that on their way to the top, the… Read More U.S. Senator Elizabeth Warren vows to break up Amazon, Google and Facebook if elected president

Amazon CEO Jeff Bezos set to divorce wife Mackenzie

Amazon.com Inc Chief Executive Jeff Bezos and wife MacKenzie Bezos have decided to divorce after a long trial separation, Bezos said on Wednesday in a joint statement by the couple on Twitter. Amazon.com again became Wall Street’s most valuable company this week, surpassing Microsoft Inc. Bezos’ fortune has soared to more than $160 billion, thanks… Read More Amazon CEO Jeff Bezos set to divorce wife Mackenzie

Amazon workers stage strikes on Black Friday in Germany and Spain

Workers at Amazon logistic centers in Germany and Spain staged strikes on Friday, walking off the job on Black Friday, the discount spending spree that kicks-off the start of the crucial Christmas shopping season. Amazon Germany said around 620 workers were participating in the strikes at its Bad Hersfeld and Rheinberg facilities but the majority… Read More Amazon workers stage strikes on Black Friday in Germany and Spain