The president of luxury group LVMH has become the world's second-richest man, overtaking Microsoft co-founder Bill Gates but ranking behind Amazon’s founder Jeff Bezos, according to Forbes and Bloomberg.
Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the EU announced its own investigation of the e-commerce giant.
Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world's biggest online retailer.
Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivalling the Thanksgiving holiday’s Black Friday as a driver of sales.
Amazon.com Inc founder Jeff Bezos' divorce from his wife of 25 years, MacKenzie Bezos, was finalised by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock.
Amazon Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots in the next 10 years that can grasp items as reliably as humans, a development that could automate warehouse work globally.
As Amazon.com Inc targets traditional brokerages that match shippers with truckers, it's also battling a bevy of startups - including Uber Freight and a company funded by the e-commerce giant's founder Jeff Bezos.
Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals.
Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation.