Tag: $Amazon

Amazon’s international arm is on track to swing to an annual profit as moves to streamline the retailer’s logistics operations bear fruit after years of losses. The $131bn unit, which serves Amazon’s customers outside North America, looks set to report an operating profit of $1.6bn this year, rising to more than $5bn next, according to analysts in a recent Refinitiv poll.

Italian payments group Nexi said it had signed a partnership with Amazon’s local arm allowing clients of the e-commerce giant to shop on its Italian website paying with a local debit card service dubbed BANCOMAT Pay.

Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers, CNBC has learned.

Walmart Inc. and Amazon.com Inc. have announced their competing summer shopping events, offering discounts on a wide range of goods to inflation-weary consumers.

Europe’s biggest food delivery firm Just Eat Takeaway said on Wednesday it has struck a deal to offer Amazon Prime members in Germany, Austria and Spain free delivery of food orders above 15 euros ($16.13).

Tech giant Amazon’s cloud computing unit AWS will invest 15.7 billion euros ($17.02 billion) in data centres in Spain’s northeastern Aragon region, it said on Wednesday, significantly boosting its expansion plan in the country.

Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The stock ticked higher in extended trading.

The U.K.’s Competition and Markets Authority is opening invitations to comment for interested third parties to give their views on major partnerships Microsoft and Amazon struck with smaller AI firms.

Eli Lilly said Amazon Pharmacy will help deliver certain prescription drugs, including the popular weight loss treatment Zepbound, directly to patients’ homes through the drugmaker’s new direct-to-consumer website. 

Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said on Tuesday.

Amazon com founder Jeff Bezos has sold $2 billion of the retail and cloud company’s stock, his first sale in more than two years.

Amazon trounced analysts’ expectations for fourth-quarter earnings and revenue.

Amazon Web Services said Friday it will invest 2.3 trillion yen ($15 billion) in Japan by 2027 to expand its cloud infrastructure in Tokyo and Osaka to meet growing demand.

Amazon is laying off hundreds of employees at its studio division as well as its subsidiary Twitch to reduce costs, the latest in a wave of new job cuts hitting the tech industry.

MADRID, Nov 27 (Reuters) – Amazon reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest online shopping days of the year, according to local union group CCOO and the company.

LONDON, Nov 24 (Reuters) – Amazon workers came out on strike at multiple locations across Europe on Friday as protests against the U.S. e-commerce giant’s working practices picked up pace on one of the busiest shopping days of the year.

BRUSSELS, Nov 23 (Reuters) – Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot , three people familiar with the matter said on Thursday.

Amazon.com is partnering with social-media platforms to enable direct purchases from apps such as Snapchat and Instagram. It’s a riposte to the growing e-commerce power of TikTok. 

In topping analysts estimates for its third-quarter results on Thursday, Amazon reported an operating margin of 7.8%, the highest since it reached a record of 8.2% in early 2021.

Amazon.com is facing a long-awaited lawsuit from the Federal Trade Commission. While the company being broken up is the most dramatic potential outcome, it might not be the worst outcome for the online retailer and cloud company.