Visa Inc. believes it can resolve its problems with Amazon.com Inc., Bloomberg reports. Amazon recently declared its intention to ban the usage of the Visa credit cards issued in the United Kingdom due to the rising cost of accepting credit card payments, joining the likes of Walmart Inc. and The Kroger Co. Visa has long…
Italy Fines Amazon Record $1.3 Billion for Abuse of Market Dominance
December 9, 2021
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MILAN—Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe. Amazon said it “strongly disagreed” with the Italian regulator’s decision and would appeal. Global regulatory scrutiny of tech giants has…
Amazon’s Trucking Ambitions Bump Up Against Driver Shortage, Competition
LOS ANGELES/CHICAGO—Amazon.com Inc.’s push to recruit big-rig contractors to haul goods across its web of warehouses is colliding with a trucker shortage as the e-commerce company moves what are expected to be record numbers of packages this holiday season. Its project, called Amazon Freight Partners (AFP), enlists independent trucking companies to move goods between Amazon…
Amazon Stock Ignores Massive AWS Glitch, Follows Chart Patterns: What’s Next?
Amazon.com, Inc. closed 2.8 percent higher on Tuesday despite its cloud computing arm, AWS, suffering an outage that affected multiple services across the U.S. East Coast. Streaming services such as Netflix Inc. and Walt Disney Co.’s Disney+ were disrupted and Disney’s theme parks were affected, with some guests unable to enter them. Airlines such as…
NTD Business Full Broadcast (Dec. 7)
Several Amazon services went down Tueday, affecting thousands of its customers, including some big names. The self-proclaimed founder of bitcoin just won an important court case, but does that mean he is the founder of the cryptocurrency? Tesla boss Elon Musk is weighing in on President Joe Biden’s social spending bill. What concerns does he…
Amazon’s Cloud Computing Services Struck by Major Outage
Amazon’s cloud computing services, which supply a range of top companies in the world, went down Tuesday. Amazon and other websites were affected beginning around 10:15 a.m. on Tuesday morning. Amazon told users it was seeing an impact to multiple application programming interface in the eastern region of the United States. “This issue is also affecting…
Amazon Accused of Massively Underreporting COVID Cases Contracted at Work
By Amanda Breen At least 20,000 Amazon employees tested postive for COVID-19 last year—and the online retail giant claimed only 27 of those cases were contracted while employees were on the job. In October 2020, Amazon released a report to employees stating that the 19,816 postive tests were among the 1.4 million frontline U.S. employees…
Labor Board Official Orders Revote on Forming Union for Alabama Amazon Warehouse Workers
A labor board official has ordered a revote for Amazon warehouse workers in Alabama regarding forming the company’s first unionized warehouse in the United States. The decision was issued Monday by a regional director of the National Labor Relations Board (NLRB) after an agency review found that Amazon improperly pressured warehouse staff to vote against joining a union in…
Amazon Set to Surpass UPS, FedEx In US Deliveries
Amazon.com Inc worldwide consumer business CEO Dave Clark sees the company become the most significant U.S. package delivery service by 2022, CNBC reports. Clark sees Amazon overtaking longstanding shipping rivals United Parcel Service Inc and FedEx Corp. Amazon has been steadily building up vast logistics and fulfillment operations since a 2013 holiday debacle left its…
Amazon Dominates Holiday Price War, Causes Retail Ripple Effect
The holiday shopping season is in full swing, although many customers are finding higher prices on products in the market. They are also witnessing an ongoing price war between various retail giants. According to the data analytics company Profitero, Amazon.com, Inc. is the first retail firm to increase its prices. Profitero tracks almost 20,000 popular…
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