Web
Analytics
The news is by your side.

Amazon

Modi’s clampdown on e-commerce may not win back votes of small retailers

NEW DELHI: India’s new curbs on e-commerce companies may not be enough to win over small store owners and traders in next year’s general election, with the key voting bloc still seething over what it sees as broken promises by Prime Minister Narendra Modi. From Feb. 1, e-commerce firms such as Amazon.com and Walmart-owned Flipkart Group will not be able to sell products from companies in which they have an equity interest or form exclusive agreements with sellers. Intended to prevent predatory pricing and deep…

India tightens e-commerce rules

NEW DELHI/MUMBAI: India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace…

Amazon’s Alexa talks murder in AI experiment

SAN FRANCISCO: Millions of users of Amazon’s Echo speakers have grown accustomed to the soothing strains of Alexa, the human-sounding virtual assistant that can tell them the weather, order takeout and handle other basic tasks in response to a voice command. So a customer was shocked last year when Alexa blurted out: “Kill your foster parents.” Alexa is not having a breakdown. The episodes, previously unreported, arise from Amazon.com Inc’s strategy to make Alexa a better communicator. New research is helping Alexa…

German union calls strike at Amazon warehouses

DUESSELDORF: German trade union Verdi called on workers at two Amazon (AMZN.O) logistic centers to strike on Monday, part of a long-running campaign for better pay and conditions. Verdi has organized frequent strikes at Amazon in Germany since 2013 to press demands for the retailer to raise pay for warehouse workers in accordance with collective bargaining agreements in Germany’s mail order and retail industry. Amazon has repeatedly rejected Verdi’s demands, saying it believes warehouse staff should be paid in line…

Austrian retailers file antitrust complaint against Amazon

VIENNA: Austrian retailers have filed a complaint against Amazon with their national competition authority over the U.S. e-commerce giant’s dual role as a retailer and a marketplace. The European Commission and Germany’s antitrust authority are also looking into Amazon’s role in the market. A spokesman for Amazon declined to comment. “We have received a complaint. We are examining it,” a spokeswoman for Austria’s Federal Competition Authority (BWB) said on Monday, confirming a statement by the Austrian Retail Association.…

Democrats to investigate Trump actions against AT&T, Amazon

WASHINGTON: When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc from acquiring Time Warner, and whether officials sought to punish Amazon by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat and a congressional aide said on Sunday. Speaking to online publication Axios, Representative Adam Schiff, who is expected to be the incoming chairman of the House Intelligence Committee, said…

Microsoft overtakes Amazon as second most valuable U.S. company

SAN FRANCISCO: Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization. Apple Inc tops the list at over $1 trillion after crossing that threshold in September. Microsoft’s market capitalization was Wall Street’s highest in late 1998 through early 2000 before the dot-com bubble burst. Amazon’s shares dropped 7 percent, the most in nearly three years after its holiday season…