Tesco is pressing ahead with a major expansion of its convenience estate after buying a number of former Amazon Fresh stores in London. Britain’s largest supermarket group plans to open more than 70 new Tesco Express outlets by March 2027, building on the 60 convenience stores it opened last year. The retailer already operates just […]
Amazon (AMZN) did all the right things this quarter. In short, AMZN didn’t suffer an earnings problem this quarter. But it did have a price-tag problem. Amazon posted a clean win in the earnings report. A clean top-line beat and its fastest AWS growth in 13 quarters is usually cause for celebration. However, surprisingly, the […]
Amazon.com Inc. has announced layoffs affecting as many as 16,000 corporate jobs, amid “rising competition over AI”. Amazon CEO Andy Jassy. (Reuters) The company will offer US-based employees 90 days to search for a new role internally, as well as severance and other transition support, Beth Galetti, the senior vice president of people experience and […]
Amazon.com Inc. employees who have been anticipating layoffs numbering in the thousands got one more thing to worry about late Tuesday—a meeting invite and email from a top executive that was sent prematurely. Amazon had in October signalled that more layoffs could come in 2026 as it found “additional places we can remove layers”. (AFP) […]
The logo of Amazon | Photo Credit: DAMIEN EAGERS Amazon said on Tuesday it would expand its same-day delivery service to more U.S. cities this year while closing some of its Amazon Go and Amazon Fresh physical locations to convert them into Whole Foods supermarket stores. The company said it plans to invest in opening […]
Mainstay Capital Management CEO and founder David Kudla joins ‘Mornings with Maria’ to discuss his outlook for stocks, A.I.’s massive expansion and the surging energy demand powering data centers worldwide. The United Parcel Service aims to cut up to 30,000 operational roles in 2026 as part of its transformation strategy, CFO Brian Dykes announced during […]
Opening thoughts. Eternal Ltd.’s Zomato and Amazon Pay have announced something interesting, particularly for those deal hunters who also like to double dip for credit cards or spend rewards. The Nuuk Hot Box. (Handout) Zomato says that any food delivery orders done on Zomato and paid for using the linked Amazon Pay Balance, will earn […]
Multinational coffeehouse chain Starbucks has appointed Indian-origin technology executive Anand Varadarajan as its new executive vice president and chief technology officer (CTO), entrusting the two-decade Amazon veteran with overseeing the beverage giant’s global technology operations. Starbucks stated in the announcement that Anand Varadarajan brings deep experience in developing secure, reliable systems. (LinkedIn/ Anand Varadarajan) According […]
Amazon.com Inc. plans to invest $35 billion in India through 2030, creating one million more jobs by then, Bloomberg News reported on Wednesday. Amazon.com Inc. plans to invest $35 billion in India through 2030, creating one million more jobs by then. (AFP) The news comes a day after Microsoft Corp. pledged to invest $17.5 billion […]
More Retail Pvt. Ltd., the food and grocery chain jointly owned by Amazon.com Inc. and Samara Capital Partners, has picked advisers for an impending initial public offering that could raise about $300 million, according to people familiar with the matter. More Retail was acquired in 2019 by Witzig Advisory Services Pvt., a joint venture of […]