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Jeff Bezos fortune falls to nearly $14bn after Amazon’s low earnings

The world’s largest e-commerce platform, Amazon's founder Jeff Bezos' fortune has fallen as a result of the company's weaker-than-expected second-quarter performance. After failing Wall...

TotalEnergies, Amazon join forces on electricity supply, digital transformation plans

French multinational oil and gas company TotalEnergies has entered into a strategic collaboration with the US-based eCommerce firm Amazon through which both the companies...

Bitcoin rises despite short covering, backed by Tesla, Amazon

Bitcoin prices climbed to around $40,000, a rise for which some credited to traders exiting bets on declines and also to the ongoing rumors...

Electric vehicle maker Rivian raises $2.5bn in latest funding round

American electric vehicle startup Rivian has closed a $2.5 billion fundraising round led by investors Amazon, Ford Motor and T. Rowe Price. The funding round...

Indian court rejects Amazon, Walmart’s Flipkart bid to block antitrust probe

An Indian court dismissed the appeals by US-based eCommerce giant Amazon and American multinational retail corporation Walmart's Flipkart that sought to hold back an...

Rivian pushes deliveries of R1T electric pickup to September

American eCommerce giant Amazon-backed electric vehicle (EV) startup Rivian Automotive will delay the first deliveries of the long-awaited pickup truck by more than a...

Amazon gives incoming CEO Andy Jessy stocks worth over $200mn

The American eCommerce giant Amazon is planning to grant its incoming Chief Executive Mr. Andy Jassy more than $200 million in extra stock, which...

Amazon expands sustainability project in MENA; Aims to attain Climate Pledge

The American multinational technology giant Amazon is expanding its sustainable projects in the Middle East and North Africa (MENA) region, including Saudi Arabia, the...
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