Amazon pumps more than $600m into India units

Amazon founder Jeff Bezos has committed to spending more than $5bn in the Indian market. Amazon.com Inc has invested about 45 billion rupees ($634.5m) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its fastest-growing markets. Documents filed with the Registrar of Companies showed that Amazon had pumped the money into its retail, food and payments units. The company did not immediately clarify where or how the money would be used. India is among the last frontiers for Amazon and a crucial market for…

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Amazon, Facebook and Google to face another US inquiry

The inquiry will focus on small businesses that allege they have been treated unfairly by the tech giants. Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc. to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October or early November, would be the latest front in the government’s probe of…

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FedEx terminates ground delivery of Amazon packages in US

Shipping giant’s contract with the e-commerce behemoth not renewed, as it expires at the end of August. FedEx has been cutting ties with Amazon, as the Seattle-based online retailer is also a competitor in the logistics sector [Mike Blake/Reuters] FedEx Corp. is snipping another tie with Amazon.com Inc. as the e-commerce giant emerges as a competitor by building its own shipping network. The ground-delivery contract with Amazon won’t be renewed when it expires at the end of this month, FedEx said in an emailed statement. The decision quickens the company’s…

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Amazon misses profit expectations, warns of less income

The company is predicting a loss as it spends more to enhance services in Prime, its customer loyalty club. Amazon.com Inc on Thursday reported a profit below Wall Street‘s expectations and said income would slump slightly in the current quarter, as the online retailer ramps up spending to deliver goods faster and generate sales growth. Shares fell more than one percent in after-hours trading. Seattle-based Amazon has drawn more than 100 million paid subscribers to its loyalty club Prime by releasing original TV shows, equipping more gadgets with its voice…

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What is Amazon’s role in the US immigration crackdown?

Activists blast tech giant’s business offering cloud services to ICE, the US government agency conducting raids. Immigration activists rallied this week in eight cities – including at the New York City residence of Amazon CEO Jeff Bezos, delivering 270,000 petitions to demand that the company cut ties with United States immigration authorities. As Amazon began its two-day annual shopping holiday on Monday, the country was emerging from a tense night of expected raids in urban areas to round up undocumented immigrants across the nation. How does Amazon support US immigration…

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Is Amazon a true monopoly or does the Bezos behemoth not qualify?

As workers strike and the company kicks off Amazon Prime Day sales, many question whether the firm is too dominant. Loyal customers love it, business rivals fear it, and public officials increasingly target it. As a global retailer, cloud services provider, and media production house, Amazon is the largest internet company in the world and the second-biggest employer in the United States. With Amazon workers’ strikes in the US and Germany coinciding with its two-day Amazon Prime event – which began Monday – the company faces doubts about its policies…

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Amazon wants to send more than 3,000 satellites into space

In an effort to offer broadband, the company has requested the US government allow its Kuiper satellites into space. Amazon.com Inc. asked for U.S. permission to launch 3,236 communications satellites, joining a new space race to offer internet service from low orbits and challenge the fleet planned by Elon Musk’s SpaceX. Amazon in a July 4 filing told the Federal Communications Commission its Kuiper satellites will deliver broadband to tens of millions of consumers and businesses that now lack adequate access to the internet. The agency coordinates trajectories and radio-frequency…

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Employee activists: Amazon ‘lagging behind’ on climate policy

As 7,900 workers call for carbon plan, tech titan promises – but has yet to deliver – info on greenhouse-gas emissions. Nine of the 10 largest retailers in the world publish details of their emissions footprints through the Carbon Disclosure Project. All except for one. And four of the five big-tech titans – Alphabet, Apple, Facebook and Microsoft – have announced ambitious plans to become fully carbon-neutral. But not Amazon. Though the gargantuan company says it will reveal its carbon usage later this year, shareholders and employees eagerly await specifics…

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How New Yorkers Stood Up to Amazon and Won

Queens activists, unions, and political leaders worried about gentrification and opposed the $1.2 billion in tax breaks offered to the retail giant. When Amazon announced in November it would establish another headquarters in Long Island City, in the Queens borough of New York, the reaction wasn’t all positive. A group of local activists, unions, and political leaders voiced their opposition to the $1.2 billion in tax breaks the city and state offered the retail giant. Many cities had actively courted the company in hopes of investment and jobs. But the…

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