The Co-operative warned of food price increases and pressure on its annual profits from the mounting supply chain crisis as it swung to a half-year loss. The group’s Chief Executive, Steve Murrells, told the PA news agency that supermarket price rises are “coming” as retailers across the UK battle with the lorry driver shortage, increased…
Co-operative Warns UK Supply Chain Crisis Will Push up Prices and Put Pressure on Profits
NTD Business Full Broadcast (Sept. 14)
Consumer inflation looks to be slowing down a bit, but prices for items that affect your wallet are still steadily going up. Apple unveiling the latest new iPhones and Apple watch, what are the biggest upgrades? And Amazon planning to hire over 100-thousand workers. It’s also raising its starting wage. Find out how much it’ll be.
Amazon Eyes 125K More Hires, $18+ per Hour Average Salary
Amazon wants to hire 125,000 delivery and warehouse workers and said Tuesday that it is paying new hires an average of $18 an hour in a tight job market as more people shop online. Competition for hourly workers has become fierce, and many companies are offering higher pay, sign-on bonuses and other incentives. Last week,…
Amazon Eyes 125,000 More Hires, $18+ per Hour Average Salary
Amazon wants to hire 125,000 delivery and warehouse workers and said Tuesday that it is paying new hires an average of $18 an hour in a tight job market as more people shop online. Competition for hourly workers has become fierce, and many companies are offering higher pay, sign-on bonuses and other incentives. Last week,…
Big Tech Cloud Services Could Face Resilience Test, Says Bank of England
September 14, 2021
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LONDON—Amazon.com Inc., Google Inc., and other tech companies providing cloud computing to banks in Britain may have to comply with minimum resilience standards and testing, a senior Bank of England official said on Monday. The Bank of England (BoE), along with regulators in Europe and the United States, is worried about the reliance of banks…
As Beijing Takes Aim at Algorithms, Algorithms Take Aim at Americans
September 13, 2021
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Commentary For months now, the Chinese Communist Party (CCP) has been cracking down on big tech companies. Now, it has algorithms in its crosshairs. At the end of August, the Cyberspace Administration of China released a set of guidelines, replete with 30 different “suggestions.” Ostensibly, the new rules are intended to stop algorithms from manipulating…
Amazon Will Pay 100 Percent of College Tuition for 750,000 Employees
This story originally appeared on ValueWalk Amazon Inc. will fully cover the college tuition of 750,000 of its hourly employees in the United States, once they reach 90 days of employment. The initiative will start in January, and by 2025 will have cost $1.2 billion. Q2 2021 hedge fund letters, conferences and more Extensive Program…
Former Amazon Employee Pleads Guilty to Involvement in Marketplace Fraud Ring
By Katherine Anne Long From The Seattle Times A former Amazon employee has pleaded guilty to involvement in a bribery scheme that helped some sellers on Amazon’s Marketplace platform for third-party merchants boost their sales and attack competitors. Rohit Kadimisetty, who after leaving Amazon in 2015 launched a consulting firm for third-party sellers, admitted Wednesday that…
Amazon Hands £492 Million to UK Taxman From £20 Billion Revenue
Amazon handed £492 million ($678 million) to the UK taxman last year, from a total of £20 billion ($27 billion) in revenue, as the pandemic and lockdowns nitro-charged their online sales. Figures filed recently in Companies House show total revenues of £20.63 billion for the group in the UK during 2020, up from £13.73 billion ($18.93 billion)…
NTD Business Full Broadcast (Sept. 6)
Two pandemic unemployment programs end, on Labor Day. Millions of Americans have lost benefits from the government. We talk to two retailers about their labor day sales and how the pandemic continues to pose challenges. And Amazon plans to roll out its own, Amazon-branded TV’s. It will be powered by Alexa, but one manufacturer is…
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