On Thursday, in a report, India’s Mint newspaper stated, the world’s biggest e-commerce retailer Amazon.com Inc and U.S. wireless carrier Verizon Communications Inc are likely to invest more than $4 billion to buy a stake in Indian telecom firm Vodafone Idea Ltd, citing two sources aware of the negotiations.
In a significant development, Amazon.com Inc, the world’s biggest e-commerce retailer, has received federal approval for testing commercial deliveries through its fleet of drones. The U.S. Federal Aviation Administration (FAA) has approved Amazon Prime Air, Amazon.com Inc’s special service delivering packages in 30 minutes or less, to test delivering orders using autonomous drones. With this…
A letter posted by a trade body shows, major news publishers seeking more favorable terms from Apple Inc on commissions it collects from them through its app store. The letter, addressing Apple’s CEO Tim Cook, was posted on the website of Digital Content Next (DCN) which represents the Wall Street Journal, the New York Times…
Cyber security specialists have formed an international group to fight hacking related activities revolving around China’s coronavirus. The international group consisting of nearly 400 volunteers with expertise in cybersecurity is called the COVID-19 CTI League. The group which monitors cyber threat intelligence spans across 40 countries and includes professionals in senior positions at major tech…
According to court filings by the U.S. Department of Defense (DoD) on Thursday, the DoD is asking permission from the court to reconsider certain aspects of its decision to award a $10 billion cloud computing contract to Microsoft Corp. Last month, a U.S. judge had granted Amazon.com Inc’s request to temporarily halt the DoD from…
On Monday, in a statement Amazon.com Inc said it is soon announce the creation of a new business line which will sell the technology behind its cashier-less convenience stores to other retailers. Amazon.com has already signed “several” deals with customers, whom it would not name, towards this end. It will launch a new website on…
A U.S. judge has allowed Amazon.com Inc’s motion to temporarily halt the U.S. Department of Defense and Microsoft Corp’s $10 billion cloud computing deal which Amazon said was reflective of President Donald Trump’s undue influence. In November 2019, Amazon, which had been seen as a front-runner to win the cloud computing contract, had filed a…
As per a report by Mastercard Inc, e-commerce sales saw record highs this shopping season in the United States, with U.S. shoppers preferring online sales to their brick-and-mortar counterpart. For retailers, the holiday shopping season is a crucial period for which can account for up to 40% of annual sales. This year, Thanksgiving, which traditionally…
As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…
Amazon.com Inc has filed a lawsuit in the U.S. Court of Federal Claims contesting the awarding of an up to $10 billion cloud computing contract to Microsoft Corp by the Pentagon. According to a spokesman for Amazon, the company has filed a complaint and supplemental motion for discovery under seal. “The Complaint and related filings…
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