The firm was a regular on the Fortune 500 list of biggest American companies.

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products. Temu topped US app download rankings in early April, a spot it...

Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to competition" in Germany and worldwide, Federal Cartel Office chief Andreas Mundt said in a statement.

The online retail giant axed 18,000 jobs in January.

The firm also announced 5,000 other roles would remain unfilled.

optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in the United States last month, nearly double the December figure and far more than the 188,000 expected. Government figures also showed unemployment fell to the lowest level since 1969. The...

It posted profit of $2.9bn in the final three months of last year.

In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. Google's ad dealings generated more than $200 billion in sales in 2021 and is parent company Alphabet's biggest moneymaker by a wide margin.

Netflix became a publicly traded company in early 2002 at an opening price of $15 a share. Shares in the streaming television service were up nearly 7 percent to $337.31 in after-market trades that followed release of the earnings figures. The Netflix board has been discussing succession planning for many...

In a report titled "Survival of the Richest", Oxfam said billionaires had doubled their wealth over the last 10 years, with the wealthiest one percent gaining 74 times more than the bottom 50 percent. The very wealthy have grown richer amid the cost-of-living crisis sparked by the Covid pandemic and...

Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications and now, according to a report in Bloomberg, the tech giant wants to graft ChatGPT to its Bing search engine to take on Google. Since ChatGPT was introduced in November, the prowess...

Washington, United States--Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic. "Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just...

Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding which offer to put in the best screen location. Sellers will also be allowed to choose their own delivery firm, rather than being obliged to use the service chosen by...

Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.

They will optimize online grocery shopping for UAE customers.

US media have previously reported that the platform and its various branches will lay off about 10,000 employees. Amazon did not confirm the figure, but he said that the process had begun and would continue early next year. The first teams affected were those dealing with the brand's electronic devices...

The layoffs would follow an aggressive hiring spree. With business booming due to the coronavirus pandemic, as cooped up people turned in earnest to online shopping, Amazon doubled its workforce from the first quarter of 2020 to 1.62 million employees two years later.

Amazon founder Jeff Bezos for the first time said he will give away most of his $124 billion fortune to charity, but warned that doing so effectively will be difficult. The pledge matched similar commitments by some of the world’s richest people, including Bill and Melinda Gates, Warren Buffett and...

The already daunting task of decarbonizing the global economy in a few years has been made even harder by a global energy crunch and rapid inflation.

The tech giant's iPhone sales missed estimates

Leading Public Cloud players are not only providing more choice to Gulf organizations but also offering them speed and data residency benefits, says an expert.

Google said it will refund purchases of Stadia hardware, such as controllers, as well as game content bought through its online store, and that players will have access to the service through January 18 of next year, he added.

Netflix and Disney+ will launch an ad-supported subscription in the coming weeks thus biting into the revenue of traditional television channels as the streaming services look toward continued expansion. Netflix, after having long-shunned the notion of advertising on its platform, this year accelerated work on just such an offering.

There was not yet talk of online life moving to virtual worlds when a "far-fetched" musing by Google co-founder Larry Page prompted Street View, which lets users of the company's free navigation service see imagery of map locations from the perspective of being there. Now the metaverse is a tech-world...

Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region. AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs...

It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance crazes and catchy songs. An advocacy group calling itself Gen-Z for Change said it coordinated the pledge from more than 70 popular TikTok talents to stand in solidarity...

The giant Space Launch System rocket will make its maiden flight from Launch Complex 39B at Kennedy Space Center in Florida. Its four RS-25 engines, with two white boosters on either side, will produce 8.8 million pounds (39 meganewtons) of thrust -- 15 percent more than the Apollo program's Saturn...

The Unite union representing the striking Felixstowe staff said the stoppage will have a big impact at the port, which handles around four million containers a year from 2,000 ships.

The Dubai developer will sell its online retailer for $335.2m.

The deal reinforces its interest in robotics and automation.

As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning, inflation is pushing up prices and Covid-19 is causing temporary shutdowns of factories in China relied on by tech firms.

It will acquire US health care provider One Medical for $3.9 bn.

This will make it one of the nation's 10 biggest private sector employers.

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.  Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by...

From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles. Corporate...

The company warns of continuing challenges in the months ahead.

With box offices bouncing back from the Covid-19 pandemic, and Netflix stock plummeting after its first loss of subscribers in a decade, John Fithian, head of the US movie theater industry's trade body, predicts movie theaters could even help the streaming giant adapt to an uncertain future.

It ended Q1 2022 with fewer subscribers than Q4 2021.

Current President Guillermo Lasso has plans to double Ecuador's oil production in spite of opposition from indigenous communities and environmentalists.

France says Amazon’s seller contracts have ‘unbalanced’ clauses.

Amazon is accused of using merchant info for its own products.

Satellites in low orbit to provide internet service to people below.

On the third day of the Global Entrepreneurship Congress (GEC) in Riyadh, SAR 6 billion ($1.59 bn) worth of agreements were signed and initiatives launched. The Small and Medium Enterprises Financing Guarantee Program “Kafalah" signed a number of agreements with a number of ministries as well as public and private...

The Global Entrepreneurship Conference (GEC) recorded 28.9 billion ($7.71 billion) worth of agreements and launches on the second day. The conference is designed to support entrepreneurship in various fields and enhance the Kingdom's position as an attractive environment for pioneers, innovators and creators from around the world. It has been...

The "Digital Markets Act" (DMA) has sped through the bloc's legislative procedures and is designed to protect consumers.

The French-Tunisian setup includes the "Palm Lab," where engineers, architects and artists discuss how to conserve the oasis of agriculture.

The Saudi Arabia’s Ministry of Investment (MISA) announced on Friday that it has signed a Memorandum of Understanding (MoU) with Amazon Saudi Arabia for the establishment of a dynamic business environment that affords growth opportunities for small and medium enterprises across the Kingdom.

The online giant closed the deal for $8.45 billion.

E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on the Whole Foods grocery chain and retail outlets featuring its latest auto-checkout technology. According to a spokesperson, the company will shutter its Amazon 4-star, Books, and Pop Up stores. Amazon...

The tech giant had net income of $20.6 billion on revenue that grew 32 percent to $75 billion in the final quarter of 2021, ending the year with a total of $76 billion in profit.