Online retail giant Amazon paid £293m in tax in the UK last year, while its sales surged 26% to £13.73bn. The firm, which employs 33,000 people in the UK, said the taxes included business rates, corporation tax, stamp duty and
Amazon CEO Jeff Bezos on Wednesday saw his net worth soar above $202 billion, according to the Bloomberg Billionaires Index, making him the first person to cross the $200 billion threshold. He’s now $78 billion richer than Microsoft co-founder Bill Gates, who stands at
Amazon announced last week it’s launching its online drugstore in India, starting with a trial in Bangalore. The Amazon Pharmacy service offers prescription medicines, over-the-counter drugs for common ailments like cough and colds, and some traditional medicine. There are also healthcare devices available
Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. The sales were part of a prearranged 10b5-1 trading plan, according to the filings. Earlier this
Amazon’s cloud division grew its revenue by 29% year over year in the second quarter as the pandemic hit some of its large customers, including Lyft. Growth slowed from 33% in the first quarter. Amazon Web Services leads the market for remote
Fending off accusations of stifling competition, four Big Tech CEOs – Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple – faced a grilling by the US House Judiciary Committee’s anti-trust panel on Wednesday.
The coronavirus pandemic has pushed back Amazon’s biggest shopping event of the year. Amazon is postponing Prime Day in the U.S., the company announced Tuesday. Amazon didn’t announce a date for the two-day summer sales event, which is typically held in
Amazon posted its fifth straight day of losses Friday, making it the worst week for the stock since late February. Shares traded 1.26% lower on Friday, and closed down 7.44% for the week. Heading into the week, Amazon had posted
Amazon sent an email to employees on Friday, asking them to remove TikTok from their mobile devices by July 10 because of unspecified “security risks,” according to an email obtained by CNBC. However, the company later told media that the email
India’s new draft for e-commerce rules will help Indian start-ups boost their presence and could lead to tough and a better way to see how companies take care of data. The aim is to introduce more service providers and avoid