Amazon fined for ‘excessively intrusive’ surveillance of its workers
France's data protection authority uncovered Amazon's violation of workers' rights and imposed a substantial €32 million fine on the tech giant. The penalty stems from Amazon France Logistique's implementation of an overly intrusive system for monitoring employee activity and performance, as stated
Amazon jumps as AI, retail strength power revenue growth
By Akash Sriram and Aishwarya Venugopal (Reuters) - Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday quarter sales and its lucrative cloud business signaled early gains from AI-powered features. The company joined Microsoft and other tech firms
Bezos to sell up to 50 million Amazon shares by Jan. 31 next year – filing
By Yuvraj Malik (Reuters) - Amazon.com founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday. The securities are worth $8.6 billion
Google lays off hundreds of employees in advertising sales team
By Zaheer Kachwala (Reuters) - Google is laying off hundreds of employees in its advertising sales team, the Alphabet-owned company said on Tuesday, marking the latest cuts at the search giant. The move adds to signs that job cuts will continue this
Apple slides to eight-week low after second rating downgrade in a week
Βy Yuvraj Malik (Reuters) - Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares
Vodafone shares climb as Iliad proposes Italian merger
By Elvira Pollina and Paul Sandle MILAN/LONDON/PARIS (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian units, a move that would combine its fast-growing consumer base with the British company's strength in business
Uber to become S&P 500 constituent
By Alden Bentley (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P Dow Jones Indices announced late
Global smartphone market sees growth after over 2 years in October
By Baranjot Kaur (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone
Panasonic shares surge as stake sale plan sparks restructuring hopes
By Daniel Leussink TOKYO (Reuters) - Shares of Japan's Panasonic Holdings have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit's potential listing raised broader restructuring hopes. The shares