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President Biden defends Amazon workers' right to unionize
Reuters, Washington
UPDATED ON MAR 01, 2021 10:19 AM IST
- "Unions lift up workers, both union and non-union, but especially Black and Brown workers," Joe Biden said in a video uploaded on Twitter.
Amazon documents reveal secret strategy to dodge India's regulators: Report
Reuters
UPDATED ON FEB 18, 2021 11:34 AM IST
- Amazon favoured big sellers on its India platform – and used them to manoeuvre around rules meant to protect the country's small retailers from getting crushed by e-commerce giants, internal documents show. As one presentation urged: “Test the Boundaries of what is allowed by law.”
New York sues Amazon over 'flagrant disregard' of worker safety during pandemic
AP
PUBLISHED ON FEB 17, 2021 09:43 PM IST
- In the suit filed late Tuesday, New York claims Amazon showed a “flagrant disregard for health and safety requirements” and retaliated illegally against employees who raised alarms.
Amazon’s incoming CEO Andy Jassy ushered in cloud computing boom
Bloomberg
PUBLISHED ON FEB 03, 2021 08:40 PM IST
Andy Jassy has led AWS since before the launch of its first major services in 2006. Cloud computing was not a natural area for Amazon, then almost exclusively an online retail company.
Amazon-Future tussle: Here's all you need to know
By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON FEB 03, 2021 07:26 PM IST
Future Group approached the Delhi high court to pass an injunction order against Amazon that been trying hard to block the deal.
What Jeff Bezos was doing before he launched Amazon
By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 03, 2021 07:56 AM IST
Jeff Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University.
Meet Andy Jassy who will replace Jeff Bezos as Amazon CEO
Reuters
UPDATED ON FEB 03, 2021 07:52 AM IST
Jassy joined Amazon in 1997 and has a MBA from Harvard Business School.
Amazon founder Jeff Bezos to step down from company's CEO role this year
AFP
UPDATED ON FEB 03, 2021 03:09 AM IST
The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion.
MacKenzie Scott shakes up philanthropy, with Amazon billions
AFP
PUBLISHED ON JAN 31, 2021 01:00 PM IST
Scott unlocked a staggering sum of nearly $6 billion in charitable gifts last year.
First private space crew paying $55M each to fly to station on a SpaceX rocket
AP, Cape Canaveral
PUBLISHED ON JAN 26, 2021 11:01 PM IST
- The first crew will spend eight days at the space station, and will take one or two days to get there aboard a SpaceX Dragon capsule following liftoff from Cape Canaveral. Each of these first paying customers intends to perform science research in orbit.
Billionaires thriving as poor suffer in widening Covid-19 divide: Report
Reuters, London
PUBLISHED ON JAN 25, 2021 06:24 AM IST
Nations have a "shrinking window of opportunity" to build a fair, green recovery, according to "The Inequality Virus" report.
‘How strange’, says Elon Musk as he becomes world’s richest person
By hindustantimes.com | Edited by Shivani Kumar | Hindustan Times, New Delhi
UPDATED ON JAN 08, 2021 02:11 PM IST
Musk is known for his witty, sometimes controversial tweets which has often made the headlines. In May this year, Tesla lost $14 million in valuation hours Musk tweeted, “Tesla stock price is too high imo”.
Tesla CEO Elon Musk overtakes Amazon’s Bezos to become world’s richest person
By Bloomberg | Posted by Mallika Soni | New York
UPDATED ON JAN 07, 2021 09:32 PM IST
Elon Musk had a net worth of more than $188.5 billion, $1.5 billion more than Bezos$1.5 billion more than Bezos.
Elon Musk close to surpassing Jeff Bezos as world’s richest person
By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON JAN 07, 2021 12:08 PM IST
A 2.8% rally in the electric carmaker’s share price Wednesday boosted Musk to within $3 billion of Amazon.com Inc. founder Jeff Bezos, who currently occupies the top spot on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
Amazon invests Rs 11,400 crore in India in FY20
By Press Trust of India | Posted by Srivatsan K C | New Delhi
PUBLISHED ON DEC 29, 2020 04:16 PM IST
Data analysis from regulatory filings by various Amazon entities showed that Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20 as against a loss of Rs 7,014.5 crore in the preceding fiscal.
In India’s retail, a battle of the billionaires
By Livemint | Livemint, New Delhi
UPDATED ON DEC 23, 2020 04:54 AM IST
The battle for dominance in one of the fastest-growing major retail markets is being fought on the ground in India and the courts in Singapore and New Delhi.
Amazon can ask regulators to block deal with Future Group, says Delhi HC
By Bloomberg | Posted by Deepali Sharma
PUBLISHED ON DEC 21, 2020 03:16 PM IST
The legal spat has drawn the battle lines between two of the world’s richest men, Jeff Bezos and Ambani, as they fight to control India’s estimated $1 trillion retail market.
Elon Musk adds $9 billion to fortune as Tesla set to join S&P 500
By Bloomberg| Posted by Mallika Soni
PUBLISHED ON DEC 19, 2020 06:14 AM IST
The 49 year-old entrepreneur has added $139.7 billion this year, an amount that exceeds the total net worth of anyone else on the planet other than Amazon.com Inc. founder Jeff Bezos. Bezos, for now, tops the wealth index with $187.3 billion.
Jeff Bezos’ ex-wife MacKenzie Scott gives $4.2 bn to help the vulnerable amid Covid crisis
By Agence France-Presse| Posted by: Harshit Sabarwal | San Francisco
UPDATED ON DEC 16, 2020 03:32 PM IST
Scott, who formerly went by the name MacKenzie Bezos, last year signed a “giving pledge” to donate the bulk of her wealth to charity.
Jeff Bezos says Blue Origin will take the first woman to moon’s surface
By Reuters | Posted by Kanishka Sarkar | Reuters
PUBLISHED ON DEC 06, 2020 08:56 AM IST
The BE-7 engine, which Blue Origin has been developing for years, has tallied 1,245 seconds of test-fire time and will power the company’s National Team Human Landing System lunar lander.
‘This engine will take first woman to Moon’, posts Jeff Bezos. Shares video
By Trisha Sengupta | Hindustan Times, New Delhi
UPDATED ON DEC 05, 2020 01:35 AM IST
“Awesome,” wrote an Instagram user on the video shared by Jeff Bezos on Instagram.
Amazon offers ‘special recognition bonus’ to employees
By Press Trust of India | Posted by Ayshee Bhaduri | New Delhi
PUBLISHED ON NOV 30, 2020 07:43 PM IST
In a blogpost, Amazon Worldwide Operations Senior Vice President Dave Clark said India operations employees who were employed by the company from October 16-November 13 will qualify for a bonus of Rs 6,300 for full-time employees and Rs 3,150 for part-time employees.
Jeff Bezos, Mukesh Ambani and the battle for India’s retail supremacy
By Reuters | Posted by Shankhyaneel Sarkar | Bengaluru
UPDATED ON NOV 28, 2020 09:58 PM IST
Accusations of insider trading and contractual breaches, as well as nationalistic cries to keep the US giant at bay, mark the high-stakes fight, which has snowballed from what began as a dispute between Amazon and Future.
Amazon founder Jeff Bezos called upon to save thousands of stranded sea farers
By Bloomberg | Posted by Srivatsan K C
PUBLISHED ON NOV 26, 2020 03:25 PM IST
Industry bodies including the International Chamber of Shipping wrote an open letter urging Bezos to exert pressure on the incoming Biden administration and other leaders to recognize seafarers as key workers.
Elon Musk overtakes Bill Gates to grab world’s second-richest ranking
By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON NOV 24, 2020 01:10 PM IST
Musk’s milestone marks only the second time in the index’s eight-year history that Microsoft Corp. co-founder Gates has ranked lower than number two.
Jeff Bezos announces USD 791 million in grants to 16 groups fighting climate change: Report
By Asian News International| Posted by Susmita Pakrasi | Washington
PUBLISHED ON NOV 17, 2020 02:03 PM IST
The news comes one year after Amazon announced “The Climate Pledge”, which is the company’s commitment to be 100 per cent powered by renewable energy by 2025 and be net-zero carbon by 2040
Jeff Bezos beats defamation lawsuit brought by Gloria Sanchez’s brother
By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON NOV 07, 2020 01:43 PM IST
Michael Sanchez claimed that Bezos and his security consultant, Gavin de Becker, told journalists that he had been the source of the leaked photos, defaming him and causing him emotional distress, Court rules Sanchez’s claims relied on hearsay
Jeff Bezos, Mukesh Ambani in battle over Future Group
By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 03, 2020 01:35 PM IST
Jeff Bezos-led Amazon Inc is trying to block Mukesh Ambani-led Reliance Industries’ $3.4 billion acquisition of India’s debt-laden local retailer Future Group. While Bezos is the world’s wealthiest person, Ambani occupies the sixth spot.
Why NASA’s moonshot, Boeing, Bezos and Elon Musk have a lot riding on the US presidential election
By Reuters | Posted by Ayshee Bhaduri | Washington
UPDATED ON OCT 30, 2020 05:57 PM IST
Boeing and SpaceX are already supplying spacecraft to ferry astronauts to the ISS under a program that began under the Obama administration and supported by both Trump and Biden.
Future, RIL to fight arbitration verdict
By Anirudh Laskar | Hindustan Times, Mumbai
UPDATED ON OCT 27, 2020 04:00 AM IST
The investment gave Amazon a 5% indirect stake in Future Retail Ltd. The non-compete clause in the agreement restricted FCPL and its promoters from forging any alliance with RIL, among 30 other entities.