The ‘Amazon Effect’ Can Drive Prices Up, Too

In recent years, the so-called “Amazon effect” has been used to explain low inflation in developed economies: Prices are supposedly lower – and more transparent – online, forcing offline retailers to reduce prices. The effect, however, can go both ways – the influence of e-commerce makes prices fluctuate more often, reacting immediately to shocks like energy price and exchange rate jumps.

Amazon Takes Aim at Yet Another Massive Opportunity

There's no doubt that India is a gold mine for Amazon (NASDAQ:AMZN). The company is tapping into the many opportunities in this region, ranging from e-commerce to smart speakers and even insurance, but it will keep pushing the envelope, as its latest move indicates. Recent filings with Indian regulatory authorities revealed that the e-commerce giant has made a fresh infusion of $80 million into its digital payments business, Amazon Pay. This brings the company's total investment in Amazon Pay to more than $170 million over the past year.

TECH & SCIENCE TECH & SCIENCE

Whistle-blowing platform WikiLeaks said today that it had obtained and published a “highly confidential” document pilfered from technology company Amazon. Naming the release “Amazon Atlas,” the anti-secrecy organization claimed the document, dated late 2015, provided unprecedented insight into the locations of Amazon’s data centers and highlighted the company’s ongoing relationship with the U.S. intelligence community.

U.S. government sides with Apple and Amazon, effectively denying Bloomberg ‘spy chip’ report

Homeland Security has said it has “no reason to doubt” statements by Apple, Amazon and Supermicro denying allegations made in a Bloomberg report published earlier this week. It’s the first statement so far from the U.S. government on the report, casting doubt on the findings. Homeland Security’s statement echos near-identical comments from the U.K.’s National Cyber Security Center.

Critics fear Amazon's minimum wage hike will distract from its other issues

The world’s most powerful retailer will pay more, but its impact on the economy may mean more struggles for low-wage workers. In 1967, just a year before his assassination, Dr. Martin Luther Kinglaunched the Poor People’s Campaign to “to demand that the government address itself to the problem of poverty”. Five decades on little has changed for low-wage workers.

EBay accuses Amazon of 'unlawful' merchant poaching

EBay is accusing Amazon of "unlawful and troubling" poaching of merchants on the platform, the company said Wednesday. Amazon employees have been using eBay's seller messaging feature to sway merchants over to Amazon, eBay claims. The "scheme" has been going on for several years and in several countries, it says. EBay issued a cease-and-desist letter earlier this week.

WHY AMAZON REALLY RAISED ITS MINIMUM WAGE TO $15

AFTER MONTHS OF increased public criticism about its grueling labor practices, Amazon announced Tuesday that it would begin paying all US employees, including part-time, seasonal, and temporary workers, at least $15 an hour and all UK employees at least £9.50 (with higher wages in London) beginning November 1. The move will affect 250,000 US Amazon employees and 100,000 seasonal workers, according to the company.

Amazon boosts minimum wage to $15 for all workers following criticism

Amazon.com announced Tuesday that it will raise its minimum wage to $15 an hour for all employees, a move that comes after the tech giant faced harsh criticism for how much it pays its workers and raises the stakes for retailers struggling to attract workers in a tight labor market. The pay increase will affect 250,000 Amazon employees and 100,000 seasonal employees hired at Amazon sites during the holiday season. It will impact full-time and part-time workers, as well as Whole Foods Market employees, and will take effect Nov. 1.

'They want us to be robots': Whole Foods workers fear Amazon's changes

Employees have begun to organize in an attempt to push back on changes made since Amazon acquired the company in 2017 Whole Foods employees across the US are beginning to organize to push back against Amazon’s changes to the supermarket chain. Photograph: Rick Wilking/Reuters

Meet Amazon's new Echo devices and Alexa hardware: Prices, features, release dates

mazon has announced several -- and we do mean several -- new Alexa devices for you to consider. Here's what you need to know, including what they can do and when you can buy them. At a surprise event in Seattle, Amazon announced updates to a few Echo-branded devices and unveiled what seems like a dozen entirely new Alexa products.