Three Democratic senators on Tuesday unveiled proposed legislation that would require roughly 200 U.S. companies to pay a minimum 15 percent tax rate The proposal, called “The Corporate Profits Minimum Tax” is sponsored by senators Elizabeth Warren (D-Mass.), Angus King (I-Maine), and Senate Finance Committee Chair Ron Wyden (D-Ore.) and co-sponsored by senators Michael Bennet (D-Colo.), Edward…
Democrats Unveil Corporate Profits Minimum Tax Requiring Wealthiest Companies to Pay 15 Percent Rate
Verizon, Amazon’s Project Kuiper Collaborate to Develop Connectivity Solutions
Verizon Communications Inc and Project Kuiper, an advanced low Earth orbit (LEO) satellite network from Amazon.com Inc, and Project Kuiper, an advanced low Earth orbit (LEO) satellite network from Amazon.com Inc collaborated to develop connectivity solutions for unserved and underserved communities. Project Kuiper and Verizon have begun developing technical specifications and defining preliminary commercial models for a…
Amazon Bulks Up Shipping Capacity to Battle Holiday Season Snarls
October 25, 2021
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Amazon.com Inc. said on Monday it had doubled its container processing capacity and secured more shipping storage from ocean freight carriers to try to overcome supply chain bottlenecks in time for the holiday shopping season. The stop-and-start nature of the COVID-19 pandemic has snarled global supply chains that are optimized for just-in-time movement of goods,…
Amazon Unveils New Service Allowing Customer to Purchase and Pick up Products From Local Retailers
Amazon.com Inc. has debuted a new feature which allows customers to purchase products locally. What Happened On Friday, the online retail giant began offering a service called “Amazon Local Selling” which makes it possible for customers to purchase items from third-party sellers on the company’s marketplace and then pick them up at the seller’s local…
Amazon’s Self-Driving Cars Are Coming to Downtown Seattle. Safety Advocates Are Not Pleased
By Katherine Anne Long From The Seattle Times Tech-industry experts, city planners and even Gov. Jay Inslee have touted self-driving cars as a panacea, cutting congestion and vehicle emissions while reducing collisions. But an announcement last Monday from Amazon’s self-driving car unit Zoox that it will soon start testing its autonomous vehicles in downtown Seattle…
Instacart Acquires Smart-Tech Startup Caper AI for $350 Million
Instacart was founded in 2012 with a simple mission—to become the Amazon Prime of grocery delivery. In 2021, the company boasts nearly 10 million active users and over 500,000 “shoppers,” Instacart’s term for its delivery drivers. It finally turned in its first profitable month during the COVID-19 pandemic, in April 2020. The thing is, though,…
Senators Introduce Bill Aimed at Controlling Big Tech and Restoring Competition
October 19, 2021
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A dozen Republican and Democratic senators on Oct. 18 introduced a bill aimed at stopping Big Tech from limiting consumer choice and restoring competition online. Sen. John Kennedy (R-La.) joined Sens. Amy Klobuchar (D-Minn.) and Chuck Grassley (R-Iowa) in introducing the bill, known as the American Innovation and Choice Online Act. It is cosponsored by Sens. Dick Durbin (D-Ill.),…
House Judiciary Antitrust Committee Asks Amazon to Clarify Misleading Testimony
Members of the House Judiciary subcommittee on Antitrust are asking Amazon to clarify previous testimony after it appears executives lied during hearings. The bipartisan group sent a letter to Amazon CEO asking the company to clarify why a series of news reports contradict sworn testimony given by Amazon executives over the last couple of years….
Amazon to Fill 150,000 US Seasonal Jobs for the Holidays
Online retailer Amazon plans to fill 150,000 jobs in the United States to meet increased demand for holiday shopping, the company reported Monday. Amazon made the announcement in a Monday press release, noting the increased hiring is in addition to its recent plans to add 40,000 workers nationwide. “We are proud to be offering a…
Amazon-Owned Twitch Says Source Code Exposed in Last Week’s Data Breach
Amazon.com Inc-owned Twitch said on Friday that last week’s data breach at the live streaming e-sports platform contained documents from its source code. Passwords, login credentials, full credit card numbers, and bank details of users were not accessed or exposed in the breach, Twitch said in a statement. The platform, which is used by video…
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