Amazon sellers slapped with fuel surcharge
Amazon.com will start charging sellers who use its shipping services a 3.5% “fuel and logistics” surcharge later this month, joining the ranks of shipping companies raising prices as the war in Iran pushes oil prices higher.
The fees take effect on 17...
Project Hail Mary a hit at the Box Office
Project Hail Mary, from Amazon.com’s Metro-Goldwyn-Mayer studio, was the No. 1 film at the US and Canadian box office this weekend with $80.5 million worth of tickets, scoring the highest-grossing debut of any movie this year.
The film’s performance in...
Amazon research discovers small hacking group used AI to break into 600 firewalls in five weeks
Over the last five weeks, a limited number of hackers broke into more than 600 firewalls across dozens of countries with the help of widely available artificial intelligence tools, according to...
Amazon begins testing Leo satellite service with businesses
Amazon Leo, the recently rebranded satellite-internet system meant to rival SpaceX’s Starlink, has begun previewing its service for a select group of customers, ahead of a wider public rollout planned for next year.
Amazon.com said in...
Amazon will sell used Fords on marketplace
Ford Motor has struck a deal with Amazon.com to sell certified used cars through its e-commerce website, becoming the second major automaker to reach customers through the massive online retailer.
Ford joins Hyundai Motor on the Amazon Autos portal...
US Congress Report accuses Amazon of ignoring own worker safety recommendations to benefit business
Amazon.com Inc. leaders rejected internal recommendations that the company relax warehouse worker productivity rates to curb injuries, according to a report from a congressional committee...
Bezos retakes world's richest crown from Musk
For the first time in more than nine months, Elon Musk is no longer the world’s richest person.
Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday.
[Bloomberg]
Jeff Bezos sells R38.07 billion in Amazon stock
Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021.
The sales took place on Wednesday and Thursday and netted just over $2 billion (R38.07 billion), according...
Amazon.com adds Rufus AI assistant for online shopping
Amazon.com Inc. is adding an artificial intelligence shopping companion to its retail store in an effort to help shoppers comparison shop and seek answers to queries more complicated than a keyword search.
Called Rufus, the shopping...
Amazon slashes clothing sellers fees in apparent bid to take on Shein's low-cost dominance
Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein.
On Tuesday, Amazon announced...
Amazon sued by FTC for “monopolising” online marketplace services and seller overchargers
The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolising online marketplace services by degrading quality for shoppers and...
Amazon pouring up to R75.3 billion into Anthropic
Amazon.com Inc. will invest as much as $4 billion (R75.29 billion) in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.
As...
Amazon veteran Dave Limp appointed as Blue Origin CEO
Blue Origin LLC, the closely held spaceflight company founded by Jeff Bezos, is replacing its chief executive officer with veteran Amazon.com Inc. executive Dave Limp.
Current CEO Bob Smith is stepping down and will be succeeded by Limp...
Amazon showcases upgraded Alexa and rolls out new products
Amazon.com Inc. made a pitch to keep Alexa relevant in the age of generative artificial intelligence, promising a set of features that will make the software more conversational.
During an event Wednesday at the company’s campus in...
Amazon let employees enter into illegal secrecy agreements — US labour board
US Labour Board prosecutors accused Amazon.com Inc. of imposing illegal secrecy rules on its staff, which could ultimately force the company to change its confidentiality rules.
In a Monday complaint, the National...
TikTok's online shop is peddling counterfeit goods
TikTok’s Shop marketplace, the video app’s biggest bet for new revenue growth, has gone live for some users in the US. So far, it’s a showcase for cheap goods from China.
The social media app’s Shop option, prominently displayed between the...
Big antitrust lawsuit coming Amazon's way
The Federal Trade Commission is likely to sue Amazon.com Inc. later this month, capping a four-year antitrust investigation into the company, people familiar with the matter said Tuesday.
The antitrust suit is expected to target the online retail...
Amazon adds three execs to "S-team"
Amazon.com Inc. has added three executives to chief executive officer Andy Jassy’s senior leadership team, two from the cloud-computing unit and one who leads the company’s robotaxi subsidiary.
Dave Brown, Aicha Evans, and Swami Sivasubramanian are joining...
Bezos buys a new R1.3-billion mansion in Florida
Jeff Bezos is adding a waterfront mansion in Florida to his rapidly expanding real estate empire.
The Amazon.com Inc. founder, and the world’s third-richest person, agreed to pay $68 million (R1.28 billion) for an estate in Indian Creek, a...
Amazon expanding robots to massive new warehouse in Australia
Amazon.com Inc.’s Australian branch is set to move into the country’s biggest warehouse, where a fleet of robots will help operate a facility the size of about 29 soccer pitches.
The 209,000 square metre four-level fulfilment centre...