NEW YORK—A senior Amazon.com Inc executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now. “It’s very early in the process of understanding what’s happening with the new variant,” said Dave Clark, chief executive of…
UK Climate Activists Blockade Amazon Warehouse on Black Friday
Amazon’s largest UK warehouse is being blockaded by climate activists targeting the global retail giant’s busiest day of the year. Extinction Rebellion’s Black Friday demonstration, with about 20 activists, started at 4am at the distribution centre in Dunfermline, Fife. The group said it was also targeting Amazon sites in Doncaster, Darlington, Newcastle, Manchester, Peterborough, Derby,…
Amazon Employees Plan Worldwide Global Black Friday Protests, Release Set of Demands for Company
Amazon employees worldwide will be holding a strike against the company on Black Friday, Nov. 26, one of the busiest shopping days of the year, to demand fair pair for workers, among other things. Make Amazon Pay, a coalition that represents over 200 million workers and activists across the planet, is organizing Friday’s protest and has released a…
NTD Business Full Broadcast (Nov. 23)
President Biden, releasing oil reserves — in a bid to lower gas prices. What are Republicans suggesting? We have analysis. Thanksgiving is coming soon. If you have trouble to find your favorite wine or spirit, lack of glass bottles may be the reason. Apple and Amazon fined by Italy for hundreds of million of dollars,…
Amazon and Apple Handed $225 Million in Italian Antitrust Fines
November 23, 2021
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MILAN—Italy’s antitrust authority has fined U.S. tech giants Amazon.com and Apple Inc. a total of more than 200 million euros ($225 million) for alleged anti-competitive cooperation in the sale of Apple and Beats products. Contractual provisions of a 2018 agreement between the companies meant only selected resellers were allowed to sell Apple and Beats products…
Jeff Bezos Donating $100 Million to Obama Foundation
Amazon founder Jeff Bezos is donating $100 million to the Obama Foundation, the largest individual contribution the Chicago-based nonprofit organization has received to date, the foundation announced on Monday. Bezos, the second-richest person in the world, is making the multi-million dollar donation in honor of Rep. John Lewis (D-Ga.), who died last year, and to “help expand the scope of programming…
Amazon to Cut Down Plastic Packaging in Germany
BERLIN—Amazon says it plans to cut the use of plastic packaging in Germany following complaints that the online retailer is contributing to growing mountains of waste. The company said Monday that its German logistics center will replace all single-use plastic packages with paper-based bags or cardboard boxes by the end of the year. Exceptions are…
India Police Charge Amazon Execs in Alleged Marijuana Smuggling Case
LUCKNOW, India—Indian police said on Saturday they had charged senior executives of Amazon.com‘s local unit under narcotics laws in a case of alleged marijuana smuggling via the online retailer. Police in the central Madhya Pradesh state arrested two men with 20 kg (44 lb) of marijuana on Nov. 14 and found they were using the…
Why Amazon’s Higher Fulfillment Fees Could Generate $3.1 Billion in Revenue
Amazon.com Inc. has announced it will be raising its Fulfillment by Amazon (FBA) fees starting Jan. 18, 2022, a move that could generate $3.1 billion in incremental revenue. What Happened Amazon will be raising FBA fulfillment fees by an average of 5.2 percent. The fee changes will be based on package size and weight. FBA…
Analysts Remain Divided Over Amazon’s Crusade on Visa
Bernstein analyst Harshita Rawat notes that Amazon.com Inc (AMZN) would stop accepting Visa Inc (V) credit cards issued in the U.K. starting on January 19, 2022. At the same time, Amazon offered some affected customers £20 to incentivize them to switch to another payment method. What Happened The analyst pointed out that the action does…
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