Amazon founder Jeff Bezos says he will sell another 25 million shares in the technology giant, worth nearly $5bn (£3.9bn). It comes after the company’s stock market value hit a record high on Wednesday. In February, he announced that he…
Amazon slashes jobs at Twitch, MGM and Prime Video
Amazon is to axe hundreds of staff across its subsidiaries Twitch, Prime Video and MGM studios. More than 500 Twitch employees – a third of the streamer’s workforce – will be laid off, according to a note from chief executive…
Brazil’s Indigenous peoples celebrate massive land rights victory
A lopsided majority of Brazil’s Supreme Court ruled Thursday against an effort to restrict native peoples’ rights to protected reservations on their ancestral lands, in a win for Indigenous activists and climate campaigners. Indigenous leaders in bright feather headdresses and…
Bernie Sanders launches investigation into working conditions at Amazon
Bernie Sanders has launched an investigation into Amazon that will focus on working conditions inside the warehouses of the online marketplace, which is also the nation’s second-largest employer. In a letter to Amazon CEO Andy Jassy, the 81-year-old US senator…
Jeff Bezos ‘‘engaged to girlfriend Lauren Sanchez’’ according to US reports
Jeff Bezos is engaged to girlfriend Lauren Sanchez, according to reports. The Amazon owner, 59, proposed to the Emmy Award winning journalist, 53, on board his superyacht. Ms Sanchez has been seen wearing a giant diamond ring on her wedding…
4 children reported found in Amazon 17 days after plane crash
Three children and a baby were reported to have been found alive more than two weeks after a plane crashed with them on board in the Colombian Amazon jungle. Colombian authorities had deployed more than 100 soldiers with sniffer dogs…
Massive new ‘‘Lord of the Rings’’ game in the works at Amazon
Amazon Games is taking another shot at Middle-earth. The ecommerce giant announced a deal with Middle-earth Enterprises for Amazon Games to develop and publish a new massively multiplayer online (MMO) game based on J.R.R. Tolkien’s fantasy epic “The Lord of…
US President Joe Biden pledges $500m to curb Amazon deforestation
United States President Joe Biden pledged a $500 million investment to the Amazon Fund on Thursday, a sum that would make his country one of the world’s largest donors to the international conservation program to protect the Amazon rainforest from…
Amazon to lay off 9,000 more workers
Amazon is cutting 9,000 more jobs, CEO Andy Jassy announced Monday in a memo to staff. The latest cuts come after the company announced earlier this year that it was eliminating some 18,000 positions as part of a major cost-cutting…