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  • San Francisco, United States - Amazon on Monday began testing "ultra-fast" deliveries in two US cities, giving some shoppers the option of having groceries or household essentials at their doors within 30 minutes. An "Amazon Now" feature built into the e-commerce giant's app let shoppers in parts of Seattle, Washington,...
  • Amazon rainforest sets stage for toughest climate talks yet as world leaders gather for COP30

    The United States, the world's largest economy and second-biggest emitter of greenhouse gases, is absent for the first time in the history of these meetings.
  • Amazon shares surge as AI boom drives cloud growth

    San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail behemoth reported better than expected earnings, powered by surging demand for its cloud computing services. Quarterly sales rose 13 percent to $180.2 billion across the company, it said. Net income...
  • Amazon to cut 30,000 office jobs: media reports

    Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up investments in artificial intelligence, according to US media reports.
  • Brazil greenlights oil drilling in Amazon region

    President Luiz Inacio Lula da Silva has come under fire from conservationists who argue his oil expansion plans clash with his image as a global leader on climate change.
  • Amazon adds AI muscle to connected home lineup

    New York, United States - Amazon on Tuesday unveiled the latest generation of connected products, featuring enhanced artificial intelligence capabilities designed to make interactions with AI more frequent and natural. Nearly 20 years after the launch of the Kindle e-reader, the Seattle-based online retail giant now offers a family of...
  • Amazon’s Starlink rival lands first major airline deal

    Washington, United States -- JetBlue Airways will become the first airline to use Amazon's Project Kuiper satellite network to power its in-flight Wi-Fi service, the companies announced Wednesday, as the online retail giant tries to challenge the dominance of Elon Musk's Starlink. The partnership will see JetBlue implement Project Kuiper's...
  • Amazon tycoon Jeff Bezos, his fiancee Lauren Sanchez arrive in Venice for lavish wedding

    Bezos, 61, and Sanchez, 55, are said to have booked out the city's finest hotels for a star-studded guest list rumoured to include Leonardo DiCaprio, Mick Jagger, Kim Kardashian, Oprah Winfrey and Orlando Bloom.
  • Amazon launches first Starlink-rival internet satellites

    Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's sprawling network of internet satellites that has reshaped the sector and handed Musk significant geopolitical clout.
  • Amazon set for launch of its first batch of Starlink-rival satellites

    Washington, United States -- After delaying an earlier attempt due to bad weather, Amazon is preparing to launch its first batch of Project Kuiper internet satellites on Monday, stepping into direct competition with Elon Musk's Starlink. The mission, called Kuiper Atlas 1, is scheduled to lift off from Cape Canaveral...
  • TikTok’s US future uncertain

    It must find non-Chinese owner to avoid ban.
  • Big Tech’s AI spending rattles markets

    Amazon and big tech peers Microsoft and Google saw their stock prices fall on concerns over high AI investment costs. They are investing heavily in AI data centers while meaningful returns remain uncertain.
  • US$1.5 billion Amazon protection plan launched in Davos

    A carbon markets investor backed by Swiss-trading house Mercuria said on Wednesday it had joined with two non-profits to raise an initial US$1.5 billion to help protect the Amazon
  • Kamala Harris gestures during a presidential debate on September 10, 2024. Two newspapers have decided to stop the decades-old practice of endorsing presidential candidate. (File)

    Media: Two major American liberal newspapers refuse to endorse Kamala Harris

    With few days remaining to vote in the US election, two major liberal American newspapers have decided not to endorse the Democrat presidential candidate Kamala Harris.
  • Drought forces Big Tech to rethink thirsty LatAm data centers

    A prolonged drought in much of South America has forced tech giants Google and Amazon to rethink their plans for water-guzzling data centers
  • Rising needs of electricity by tech companies to manage powerful data centers are pushing them toward nuclear power. (Pexels: Photo by Christina Morillo)

    Major tech companies turn to nuclear energy to power data centers and AI initiatives

    Firms such as Amazon, Microsoft, and Google are now looking to outgun each other to tap atomic energy, while Goldman Sachs says that data centers will consume eight percent of the US power by 2030, up from three percent in 2022.
  • Amazon to invest $17bn in Spain  

    The investment will be made in data centers in Aragon region.
  • Amazon triples quarterly profit

    The company's cloud, ads, and retail businesses thrive.
  • After long peace, Big Tech faces US antitrust reckoning

    Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are moving forward against major US technology companies -- including two against Google that could see the company split up.
  • Apple explores making personal robots

    It is working on a robot that may be helpful to people.
  • Nvidia unveils ‘superchips’

    The company also announced other AI developments.
  • AI the new obsession for venture capital investing

    Stung by the struggles of cryptocurrency and other faded Silicon Valley fads of recent years, venture capitalists have quickly doubled down on AI, a new promised land in the never-ending quest for big tech riches. For the big investors, "if it's not AI, it's not worth it," Denis Barrier, co-founder...
  • EU excuses Apple and Microsoft products from tougher tech curbs

    Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans do business, the European Commission said on Tuesday. From next month, the world's biggest digital firms, identified as "gatekeepers" by the EU, must comply with strict do's and don'ts under...
  • Bezos sells $2bn Amazon shares

    He reportedly intends to sell, next July, 50 million shares of the group.
  • Turkey’s inflation 65% in Jan, piles pressure on central bank

    Istanbul, Turkey - Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday. The year-on-year inflation rate moved to 64.86 percent -- up a notch from 64.77 percent in December, the TUIK...
  • European markets surge as US jobs data batter rate cut hopes

    "The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have finally put the nail in the coffin of the idea rates will be cut next month," said AJ Bell investment director Russ Mould.
  • Ex-Amazon economist to head Turkey’s central bank

    Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate from 8.5 percent to 45 percent. The bank said last week that it intends to keep rates high for the immediate future to make sure inflation is brought under control.
  • Global stock markets swing ahead of Fed’s latest rate decision

    "Markets are eagerly anticipating today's meeting from the Federal Reserve with traders looking for signs over whether a March rate cut is plausible," said Joshua Mahony, chief market analyst at Scope Markets.
  • Sony ends merger deal with Zee

    It pulled out of the US$10bn merger of its Indian operations.
  • Microsoft becomes world’s largest company

    The tech giant's market value has surged by over $1 trillion.
  • Amazon cuts hundreds of jobs

    The cull will reach 27,000 positions across the company.
  • Asia stocks track global losses as traders step back after rally

    Hong Kong, China - Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data. Equities surged in...
  • Amazon releases AI chatbot

    "Q" will be available only to the company's AWS cloud.
  • Meta, TikTok challenge incoming EU digital market law

    Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set new rules on competition in the digital marketplace. The European Commission has designated 22 big online companies as "core platform services" to be subject to additional scrutiny and obligations under...
  • Snapchat to add in-app Amazon shopping

    In-app shopping will be available for select products advertised on Snapchat and sold at Amazon, the spokesperson added. People will be able to link their Snapchat and Amazon accounts to take advantage of the in-app shopping feature, according to Amazon.
  • OpenAI sees a future of AI ‘superpowers on demand’

    Dreams of the benefits of generative AI -- along with fears of the technology's risks -- have been hot topics in the tech world since ChatGPT made its blockbuster debut a year ago. More than 2 million developers are building on the OpenAI platform, while more than 100 million people...
  • Tree-hugging AI to the rescue of Brazilian Amazon

    The Manaus project has just completed its pilot phase with ten prototype boxes fixed to trees in a densely forested area near Manaus, the capital city of Brazil's northern Amazonas state. The team is now looking for more funding to add hundreds more sensors to the system, including ones that...
  • Amazon to pour US$4bn into Anthropic

    Its investment will heat up the race for dominance in AI.
  • 14 killed in plane crash in Brazilian Amazon

    News site G1 said the plane was an 18-passenger EMB-110, a twin-engine turboprop manufactured by Brazilian aircraft-maker Embraer. It was reportedly on its way from the state capital, Manaus, to Barcelos, about a 90-minute flight.
  • Europe’s tussle with Big Tech involves dominance, data, disinformation

    Paris, France - Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a battle between the European Union and big tech firms on issues from tax avoidance and hate speech to data privacy and monopolistic practices. Here is a summary of the tussles...
  • Tech titans prepare for EU’s tougher market restraints

    Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect European users online and to encourage competition. The announcement is a milestone in the application of the Digital Markets Act (DMA), which will force the largest firms to change their...
  • Equities extend gains on US jobs data, China rate cut hopes

    The mood was brightened by a report that China's biggest state-backed banks would slash rates on mortgages and deposits as part of a drive to support the country's beleaguered property sector. Wall Street enjoyed one of its best days in months thanks to a surge in big names -- including...
  • All eyes on tech firms as strict EU digital rules come into effect

    The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and hate speech. And it also demands the firms are more transparent about their services, algorithms and how ads are targeted. "These systemic platforms play a very, very important role in...
  • Global warming induced stress could threaten health of 1 billion cows

    Nearly eight out of 10 cows across the planet are already experiencing excessively high body temperatures, spiked respiration rates, bowed heads and open-mouthed panting -- all symptoms associated with severe heat stress, the study said. In tropical climates, 20 percent of cattle endure those symptoms year-round.
  • Amazon, Apple beat earnings forecasts

    Apple views AI as integral to its growth.
  • US equities up as major firms set to unveil economic reports

    New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in the week, including from Apple and Amazon. After a strong first half of 2023, US equities have continued to trend higher in July behind hopes that the Federal Reserve will...
  • Meet EU ‘gatekeeper’ definition, say seven tech giants

    BRUSSELS, BELGIUM -  Seven tech giants, including Amazon and Apple, have informed the European Union they meet the threshold to come under landmark new rules to curb their market dominance, Brussels said on Tuesday. The firms - Google parent Alphabet, Amazon, Apple, TikTok owner ByteDance, Facebook umbrella Meta, Microsoft and Samsung...
  • UN talks look to draw upon AI power and potential

    The UN hopes to lay out a clear blueprint on the way forward for handling AI, as development of the technology races ahead the capacity to set its boundaries. The "AI for Good Global Summit", being held in Geneva on Thursday and Friday, will bring together around 3,000 experts from...
  • Nasdaq slides as investors trade tech for industrial shares

    The countervailing movements, according to analysts, were evidence of a rotation away from the tech-dominated winners from the earliest part of 2023, and towards manufacturing companies like Caterpillar and Honeywell. "Money is flowing from one sector to another sector," said Adam Sarhan of 50 Park Investments. This dynamic "keeps the...
  • Meta fined record $1.3bn over EU user data transfer to US

    Meta said it was "disappointed to have been singled out" and the ruling was "flawed, unjustified and sets a dangerous precedent for the countless other companies". "We intend to appeal both the decision's substance and its orders including the fine," Meta president of global affairs Nick Clegg and chief legal...
  • Amazon logs profit in Q1

    The company's shares spiked over 10 percent on Thursday.