Amazon news and archive

Amazon fights off landmark union bid by UK staff

US e-commerce giant Amazon has fractionally fought off a bid by workers in Britain to win union recognition for the first time, the outcome of a ballot showed Wednesday. A total of 2,600 workers at the company's hub in Coventry, central England, voted 49.5-percent in favour of union recognition, just short of a necessary majority. The vote was...

Business

EU court rejects TikTok challenge against new EU digital rules

TikTok lost an appeal Wednesday to escape new digital rules that seek to rein in the power of big tech after an EU court rejected its challenge. A landmark European Union law known as the Digital Markets Act (DMA) entered into force in March, and regulators believe it will create a fairer market. The European Commission designated six...

RetailFeatured

Amazon's foray into ultra-fast fashion will be a seismic shift in e-commerce

The e-commerce giant Amazon is poised to disrupt the ultra-fast fashion market, a sector currently dominated by Chinese powerhouses Shein and Temu. This strategic move marks Amazon's entry into a burgeoning market segment characterised by rock-bottom prices and direct-from-China shipping models. With Shein and Temu reportedly dispatching up to 1...

Fashion |Beauty

Keys Soulcare collaborates with Amazon Alexa on beauty-themed experience

Keys Soulcare, the holistic beauty and skincare brand founded by singer-songwriter Alicia Keys in collaboration with E.l.f. Beauty has teamed up with Amazon Alexa to launch the Keys Soulcare Alexa theme. The move is described as a beauty industry first and offers Echo customers an exclusive Keys Soulcare Alexa theme designed to allow them to...

Business

The sky's the limit: Amazon hits 2 trillion dollar valuation

When Amazon published its Q1 results in April, Andy Jassy, Amazon's President and CEO, stated: "It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results." At the time, however, Amazon had yet to cross the threshold of being valued above 2 trillion dollars....

Business

Amazon opens 'discount store' to shake off Temu and Shein

Chinese e-commerce giants such as Temu and Shein are growing extremely fast, making competing seem increasingly impossible for some companies. American marketplace Amazon, however, is not yet putting down the hatchet and wants to open a so-called 'discount store' on its website, as reported CNBC. The new section offers low-priced fashion and...

Business

Amazon to invest extra 10 billion euros in Germany

Amazon said Wednesday it will invest an additional 10 billion euros (10.7 billion dollars) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into...

Retail

Too Faced debuts in US Amazon Premium Beauty store

Too Faced, the serious makeup brand, Tuesday announced the launch of its products in the U.S. Amazon Premium Beauty store. Too Faced is the second brand within The Estée Lauder Companies' portfolio to open a storefront in the U.S. Amazon Premium Beauty store. Too Faced has collaborated with lifestyle content creator Darcy McQueeny as its...

RetailFeatured

UK retailers file 1 billion pound damages claim against Amazon

A major UK retailer claim targets Amazon's alleged data misuse. A landmark 1 billion pounds collective action launched on Thursday accuses e-commerce giant Amazon of unfairly undercutting independent fashion and apparel retailers by improperly exploiting their confidential sales data. The British Independent Retailers Association (BIRA) alleges...

Business

Scotland’s ACS Clothing selected for Amazon’s Sustainability Accelerator

Amazon has named the 15 start-ups selected for this year’s Sustainability Accelerator, a four-week programme designed to pilot their technology within the marketplace giant. Now in its third edition, it marks the first time participants will have the opportunity to pitch their technology for trial in Amazon’s European operations. Among those...

Business

Amazon says to invest 15.7 billion euros in Spain

Amazon's cloud computing division AWS will invest 15.7 billion euros (17 billion dollars) in data centres in Spain's northeastern Aragon region through to 2033, the US tech giant said Wednesday. The investment will create around 17,500 indirect jobs in local companies and contribute 21.6 billion euros to Spain's gross domestic product during th...

BusinessFeatured

Amazon set to invest 9 billion dollars in Singapore

Amazon said Tuesday it would invest 9 billion USD in Singapore over the next four years to expand its cloud computing capabilities in the city. The announcement comes after fellow tech titan Microsoft unveiled billions of dollars of investment in the same sectors in Southeast Asia last week as firms look to take advantage of growing demand in...