Amazon, Apple, Facebook and Alphabet defy coronavirus to post better results than expected

Adrian Ovalle

A few of America’s greatest tech business have actually defied the coronavirus pandemic to post better-than-expected financial results. Amazon posted the greatest earnings in its 26- year history, while Facebook, Apple and Alphabet all beat quotes. Numerous brick-and- mortar sellers have actually struggled throughout the coronavirus pandemic, with a lot of required to closed down […]

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Facebook, Google, Apple and Amazon bosses grilled over having ‘too much power’

Adrian Ovalle

Leaders of Amazon, Facebook, Google and Apple have actually appeared in front of a House committee in the United States to safeguard themselves versus claims they have too much power. The business, which have a joint market worth of more than $5trn (₤ 3.8 trn), are dealing with risks of additional policy in the United […]

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Ex-wife of Jeff Bezos donates ₤ 1.32 bn to charity after Amazon shares increase in lockdown

Adrian Ovalle

The ex-wife of Amazon creator Jeff Bezos has actually contributed ₤ 1.32 billion to charity in the in 2015, she has actually exposed. Mackenzie Scott, who was formerly referred to as MacKenzie Bezos, vowed to contribute the bulk of her fortune after splitting from the world’s wealthiest guy in 2015. After registering to the Offering […]

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Jeff Bezos becomes ₤10 bn richer in just one day as Amazon shares surge

Adrian Ovalle

Amazon creator Jeff Bezos ended up being $13 bn (₤10 bn) richer in a single day on Monday after shares in his business rose almost 8%. Currently the world’s wealthiest guy by a big margin, Bezos is now approximated to be worth $1893 bn (₤148 bn). His fortune has actually swollen $74 bn (₤58 bn) […]

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Coronavirus: You might think Amazon profits are soaring right now. You ‘d be wrong

Adrian Ovalle

Amazon has stated it might record its first loss in 5 years in spite of a walking in profits as it invests a minimum of $4bn (₤ 3.2 bn) in reaction to the coronavirus break out. While other conventional stores have actually been required to shut due to the fact that of the COVID-19 lockdown, […]

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Coronavirus: Amazon investigated after firing worker who went on strike over COVID-19

Adrian Ovalle

New York City City is examining online retail giant Amazon after it fired a storage facility worker on the exact same day he took part in a strike opposing versus the business’s coronavirus action. Chris Smalls, who operated at an Amazon center in New york city, was fired after striking over the business’s health and […]

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Amazon entices warehouse employees to grocery unit with higher pay

Sallie Anderson

Amazon com Inc is using higher pay to hire its warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage. This move referred to as labor sharing, highlights how the e-commerce giant is reallocating a few of its substantial labor forces to deal with a spike in online sales of […]

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Amazon raises overtime pay for warehouse workers

Sallie Anderson

Amazon com Inc stated on Saturday it is raising overtime pay for associates operating in its U.S. storage facilities as the world’s biggest online merchant attempts to satisfy the quickly growing need for online shopping from customers stuck at home throughout the coronavirus break out. Ceo Jeff Bezos, the world’s wealthiest individual, likewise stated on […]

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Coronavirus: Amazon to pause restocking of non-essential items

Adrian Ovalle

Amazon is suspending shipments of non-essential products to its storage facilities in the UK and United States to maximize space for vital family and medical products There are currently thought to be over 4,660 coronavirus cases in the United States and more than 1,900 in the UK – however professionals state the true figure might […]

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UK announces 2% digital services tax on Facebook, Google and Amazon

Adrian Ovalle

The federal government has actually verified it will present a digital services tax to gather 2% of online profits made in the UK by businesses such as Facebook, Google and Amazon. Although it was not pointed out throughout Chancellor Rishi Sunak’s speech, which focused on the coronavirus break out, the federal government has actually verified […]

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