Amazon

US Online Sales Hit $7.2bn On First Day Of Amazon Prime Day Event, Adobe Says

Shoppers spent about $7.2 billion online across retailers during the first day of Amazon's Prime Day in the United States on 17 July, according to a report...

US Back-To-School Spending To Remain Muted In 2024, Deloitte Says

Back-to-school spending this year is expected to be flat or lower in the United States, as shoppers dial down on expensive electronics such as laptops and...

Amazon Could Face Probe Over Treatment Of UK Grocery Suppliers, GCA Says

Britain's grocery regulator has said that Amazon could face a formal investigation if it does not improve its compliance with an industry code designed to...

Amazon Reports 3% Decline In Total Emissions In 2023, Meets Renewable Power Goal

E-commerce giant Amazon's overall emissions fell 3% last year as the company met a goal for all of the electricity it consumes globally to be matched with...

Jeff Bezos To Sell Amazon Shares Worth About $5bn After Stock Hits Record High

Amazon founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showe...

Amazon Hits $2 Trillion In Valuation On AI Fervour, Rate Cut Bets

Amazon.com hit $2 trillion (€1.87 trillion) in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level.

UK's DS Smith Upbeat After Earnings Exceed Market Expectations

British paper and packaging company DS Smith has posted a smaller than expected fall in annual profit and struck an optimistic tone for the new financial y...

Indians Get Hooked On 10-Minute Grocery Apps, Squeezing Small Retailers

Indians long relied on visits to small neighbourhood outlets for groceries or got free deliveries from them via phone orders, before the rise of e-commerce...