Amazon to invest $100 million in Mexico, will build warehouses and fulfillment centers

Amazon to invest $100 million in Mexico, will build warehouses and fulfillment centers

By Christy Gren - Oct 30, 2020

Latin America is an attractive market for e-commerce giants like Amazon with a populace eager to enter the online shopping revolution.

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Nearly 20,000 Amazon workers contracted coronavirus in its facilities

Nearly 20,000 Amazon workers contracted coronavirus in its facilities

By Christy Gren - Oct 02, 2020

The online retail giant Amazon Thursday said 19,816 of its front-line US employees working at Amazon and its Whole Foods retail chains had tested positive or presumed positive for

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Redwood Materials Wins Investment Backing from Amazon Climate Fund

Redwood Materials Wins Investment Backing from Amazon Climate Fund

By Christy Gren - Sep 18, 2020

The $2 billion venture fund has been created to back companies that are innovating to reduce carbon emissions.

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At $200B net worth, Jeff Bezos is still not richest man of all time

At $200B net worth, Jeff Bezos is still not richest man of all time

By Christy Gren - Aug 27, 2020

Jeff Bezos declared the richest man with his net worth touching $200 billion, but a relative output comparison throws up many more billionaires from the annals of history who mad

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Amazon to open fulfillment centers in empty big-brand stores at malls

Amazon to open fulfillment centers in empty big-brand stores at malls

By Christy Gren - Aug 11, 2020

Amazon is turning ailing Sears and J.C. Penney stores to build new fulfilment centers. It will build 60 fulfilment centers spread across 15 states.

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Amazon, Softbank show interest in stake in Russian e-retailer Ozon

Amazon, Softbank show interest in stake in Russian e-retailer Ozon

By Anna Domanska - Jun 28, 2020

Russian conglomerate Sistema, the majority owner of online retailer Ozon, said that Amazon and Japanese Softbank had shown interest in buying a stake in the e-commerce site, accord

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Big Companies Like Apple and Amazon to Close Shops, Defer Deliveries

Big Companies Like Apple and Amazon to Close Shops, Defer Deliveries

By Anna Domanska - Jun 02, 2020

Businesses and retailers, who welcomed the resumption of economic activities, are facing another crisis—protests and demonstrations against the death of an African American due t

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Amazon's First Quarter Results Show Growing Sales But Fall In Profit

Amazon's First Quarter Results Show Growing Sales But Fall In Profit

By Anna Domanska - May 03, 2020

Amazon Inc. reported its first-quarter earnings for 2020, with a spurt in sales to the tune of $75 million, a net income of $2.5 billion, and earnings per share of $5.01. North Ame

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Small tech companies testify against Amazon, Google, Apple's might in Congressional Hearing

Small tech companies testify against Amazon, Google, Apple's might in Congressional Hearing

By Anna Domanska - Jan 20, 2020

There is no arguing that the Big Tech companies have grown into behemoths with few challengers to their might. But on Friday, executives from four small tech companies were bold en

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