Thursday, 21 March 2019

Tag Archives: Amazon

World’s Richest Man Jeff Bezos Eyes Horse Show Prize

DUBAI: He ushered in the New Year by riding a horse into a cowboy-apparel store in Aspen, Colorado and now the world’s richest man is vying for a share of the $4 million prize pot on offer at this week’s 16th Dubai International Arabian Horse Championship (DIAHC). Jeff Bezos, the ...

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Amazon profit jumps

SAN FRANCISCO: Amazon reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3.0 billion in the fourth quarter as revenues increased 20 percent to $72.4 billion. ...

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Amazon CEO Bezos and wife to end 25-year marriage

SAN FRANCISCO: Amazon CEO Jeff Bezos, who is the wealthiest man in the world, said that he and his wife are divorcing after 25 years of marriage. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” he ...

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Facebook to Pay $100 Million in Italian Fiscal Accord

LONDON: Social media giant Facebook has agreed to pay more than 100 million ($114 million or roughly Rs. 800 crores) to end a fiscal fraud dispute, Italian tax authorities said. Italy has already drawn similar agreements from Amazon, Apple, and Google, joining EU neighbours seeking a bigger tax take from multinationals ...

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Amazon quarterly profit rockets tenfold to $2.9bn

SAN FRANCISCO: Amazon reported 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 ...

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Amazon Investigates Report That Employees Leaked Data For Bribes

Amazon Inc. is conducting an investigation into employees that are said to offer sellers on its e-commerce program with an advantage by providing confidential internal data and other services in exchange for a fee. Employees are allegedly selling information on sales and searches to the independent merchants that operate on ...

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Amazon hits trillion-dollar milestone with focus on the long game

NEW YORK: Amazon’s market value hit $1 trillion on Tuesday, the second company after Apple to hit the milestone, following an incredible journey for the internet giant which has kept a long-term focus since launching as an online bookseller two decades ago. Early gains lifted Amazon’s value to $1 trillion ...

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Apple, Amazon lead the pack to $1 trillion market value

NEW YORK: For a long time, Apple appeared to be flying solo to a $1 trillion market value, but Amazon is right at its heels – and experts have no fears of a tech bubble. Apple, at $939 billion, remains the highest-valued private company on the global markets – and ...

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First space tourist flights could come in 2019

(AFP) WASHINGTON: The two companies leading the pack in the pursuit of space tourism say they are just months away from their first out-of-this-world passenger flights – though neither has set a firm date. Virgin Galactic, founded by British billionaire Richard Branson, and Blue Origin, by Amazon creator Jeff Bezos, ...

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Google to invest $550 million in Chinese e-commerce giant JD

SINGAPORE: Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com ...

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