Amazon could be gearing up to foray into the digital assets industry in 2023. The e-commerce giant is reportedly set to launch an NFT initiative this April that would be closely integrated with its mother platform. NFTs, or Non-Fungible Tokens, are digital collectibles, that are built on blockchains that transfer…
When Lauren Sanchez left Fox to start contributing to “Extra,” she was ready for her TV career to take flight. But she didn’t reach her dream destination. The 53-year-old TV host and helicopter pilot who has catapulted into the public eye with her relationship with Amazon founder Jeff Bezos in 2019,…
Amazon’s cloud services division said Friday it plans to invest another $35 billion (roughly Rs. 2,83,400 crore) by 2040 to expand data centres in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data centre campuses…
Amazon is testing a new subscription service for users in India. Dubbed as Prime Lite, the new subscription is currently available as Beta version to limited Prime members in the country. In December 2021, Amazon Prime increased the yearly subscription price, raising it from Rs. 999 per year to Rs….
Amazon and Walmart’s Flipkart have been issued with notices by an Indian government body asking why dangerous acids are available on their sites after a schoolgirl became the victim of an acid attack. The Delhi Commission for Women, a local body that looks after women’s issues, said in the notice that…
Teamwork makes the romance work, Amazon founder Jeff Bezos and longtime girlfriend Lauren Sánchez gush in their first interview as a couple. Bezos, the fourth wealthiest person in the world, and journalist Sanchez shared their mutual adoration during a sit-down interview with CNN. “We’re really great teammates, and we also have…
Amazon employees can expect the current round of layoffs to continue into 2023, CEO Andrew Jassy said in a memo to workers. The elimination of some 10,000 positions, or 3% of Amazon’s workforce, began this week, but the culling will extend into early next year, Jassy said. He describing the…
Shoppers will find fewer discounts on everything from toys to tortillas as companies increasingly set minimum prices on their goods to maintain profits and limit price cutting by retailers like Walmart and Amazon. For many years, manufacturers set the lowest price at which retailers could advertise certain big-ticket items like TVs. They…
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers. According to an official…
Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia’s example, according to four sources close to the matter. Europe’s telecoms operators have lobbied for a financial contribution from US tech firms such as Alphabet‘s Google, Meta‘s Facebook and…
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