Walmart Inc’s Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe’s offerings in India’s budding payments market, where Alphabet Inc Google, Amazon.com Inc, and SoftBank Group Corp-backed Paytm…
Walmart Intensifies Rivalry With Google, Amazon By Targeting India’s Budding Payments Market
2 Plead Guilty in Scheme to Manipulate Amazon Marketplace
SEATTLE—Two more defendants have pleaded guilty for their role in a multimillion-dollar scheme to manipulate the Amazon Marketplace e-commerce platform. Six people have been charged in the conspiracy, which federal prosecutors say involved paying bribes to get Amazon employees and contractors to leak confidential data and to use that data to grant certain sellers a…
Ask Alexa: UK MPs To Investigate Smart Speaker Security Issues
A committee of British MPs is to investigate security and data protection issues surrounding smart speaker devices such as the Amazon Echo. The Digital, Culture, Media, and Sport Committee said it wanted to explore how smart hubs, powered by virtual assistants like Alexa and Siri, have changed lives both at home and in the workplace….
Amazon Stock Joins Tech Rout, Erases Nearly All Pandemic Gains
Amazon shares have eliminated nearly all of their gains from the coronavirus pandemic, plummeting about 36 percent so far this year. For the last two years, Amazon had been one of the top-performing companies throughout the global health crisis. As consumers stayed home, shoppers purchased many of their goods from the digital retailer, from toilet…
Amazon Terminates Employees Linked to Warehouse Union
Amazon.com, Inc. sacked two employees linked to an organizing campaign that led to the company’s first-ever unionized warehouse in the U.S., CNBC reports. Mat Cusick and Tristan Dutchin have worked with the Amazon Labor Union, led by current and former company employees, to organize workers at the Amazon warehouses on New York’s Staten Island. The ALU…
Amazon France Unions Reject Wage Increase Proposal on Last Day of Talks
PARIS—Most unions at U.S. e-commerce giant Amazon’s French arm rejected the company’s 2022 pay proposal on the final day of talks, but no immediate industrial action is planned, union representatives said. A group unions had proposed a 5 percent pay increase to compensate for a sharp rise in inflation in France. The company, meanwhile, offered…
SCOTUS: Chief Justice Calls Leak ‘Betrayal’; College Grads Overestimating Salaries | NTD Business
The Supreme Court today responding to the unprecedented leak of a draft ruling about Roe V. Wade. The chief justice calling it a betrayal of confidence and says they’ll investigate. College grads in for a shock. The average starting salary is half of what they expect, according to one report. Chinese state-run media unhappy about a prop…
Amazon Workers Reject Unionization at Second Staten Island Warehouse Election
Workers at a Staten Island Amazon Warehouse rejected a motion for unionization on Monday, just one month after a neighboring Amazon warehouse in Staten Island became the first in the United States to form a workers’ union. In the recent union election at Amazon’s LDJ5 sort center in Staten Island, workers voted 680 to 318…
NYC Amazon Workers Vote Against Unionizing; Warren Buffett Reveals Big Investments | NTD Business
A win for online retail giant Amazon: workers in New York City voted against unionizing a second warehouse, dealing a blow to labor organizers. Billionaire Warren Buffett reveals his new investments. What are they, and why did he choose them? We ask a Berkshire expert. Former President Donald Trump’s Truth Social app is launching on a web browser…
Amazon Workers at 2nd NYC Warehouse Reject Union Bid
Amazon warehouse workers overwhelmingly rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history. This time around, warehouse workers cast 618 votes—or about 62 percent—against the union, giving Amazon enough support to fend off a second labor win…
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