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by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon reported Thursday that its profit in the recently-ended quarter rocketed to $2.9 billion in a ten-fold increase from the same period last year. Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in the third quarter in 2017. However, analysts had expected an even stronger performance by Amazon, […]
SAN FRANCISCO, United States (AFP) — Amazon chief Jeff Bezos on Monday defended the company’s bid for a major Pentagon cloud computing contract, saying it was important to support US defense efforts even if unpopular. “This is a great country and it does need to be defended,” Bezos said onstage during a question-and-answer session at the Wired 25th Anniversary conference in San Francisco. Bezos was asked about his position on defense contracts after Google dropped […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — Online retail giant Amazon announced Tuesday it would raise its starting wage for US workers to $15 an hour, amid long-standing criticism of low pay, and would advocate for a higher minimum wage nationwide. The pay raise will apply to 250,000 employees starting November 1 and to the more than 100,000 seasonal workers the company expects to hire for the holiday shopping season, it […]
WASHINGTON, United States (AFP) — Amazon is considering opening up to 3,000 new cashier-less stores by 2021 to vie for shoppers at convenience stores and quick-service sandwich shops, Bloomberg News reported Wednesday. CEO Jeff Bezos is trying to decide on the best format for this bold and expensive venture, Bloomberg said, quoting people familiar with the matter. The new AmazonGo outlets could be convenience stores offering fresh prepared foods and some groceries, like 7-Eleven, or […]
WASHINGTON, United States (AFP) — Google Home Mini has vaulted to the top spot in the global market for connected speakers, edging out a rival device from Amazon, a survey showed Wednesday. The Strategy Analytics report for the second quarter of 2018 showed the smallest device from Google captured 20 percent of the market with sales of 2.3 million. That was slightly ahead of the Echo Dot, the similarly sized device from Amazon, with […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — Amazon founder Jeff Bezos, the richest person on the planet, said Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion to the cause. Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune — now estimated at more than $160 […]
MILAN, Italy (AFP) — Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced Monday, bringing its number of employees working in the country’s groaning economy to 5,200. In a statement Amazon said that the new positions would be permanent hires and open to “people with all levels of experience, training and skills, from software developers and engineers to warehouse workers”. Unemployment in Italy stands at […]
HONG KONG, China (AFP) — Asian markets went into reverse Wednesday, tracking fresh losses on Wall Street as investors fret about rising US Treasury yields and speculation that interest rates will rise four times this year. Technology firms were once again in the firing line in response to a plunge in Google parent Alphabet on costs worries, while Apple shares suffered a fifth straight loss because of concerns over the crucial smartphone sector. The yield […]
PARIS, France (AFP) — Amazon chief Jeff Bezos is now the world’s richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine’s annual billionaires list published Tuesday. US President Donald Trump’s ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion, $400 million less than a year ago. Thanks to a 59-percent […]
by Julie Charpentrat Agence France-Presse SAN FRANCISCO, United States (AFP) — Triumphant in online retail, cloud computing, organic groceries, and streaming television, Amazon founder and chief disruptor Jeff Bezos is turning his seemingly limitless ambition to health care. Amazon, launched as an internet bookseller nearly 24 years ago, has branched into offerings including voice-commanded speakers infused with Alexa artificial intelligence and original TV shows streamed online at its Prime subscription service. Health care now appears […]
SAN FRANCISCO, United States (AFP) — Amazon has received patents for electronic systems that could enable warehouse monitoring through electronic pulses that guide employees by location. The patent filings, first reported this week by the news site Geekwire, come amid concerns over workplace conditions for the company, which has seen rapid growth in its warehouses or “fulfillment centers” key to its logistics. The publicly available patent documents show how wrist-worn devices could deliver ultrasonic pulses […]
LAS VEGAS, United States (AFP) — The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world. Here are highlights from the show: Artificial intelligence battle The duel between Amazon and Google for supremacy in artificial intelligence played out at the show. Amazon pushed its “Alexa Everywhere” strategy bringing its digital assistant to […]
