Amazon News

Global Regulators Warned About Entry of ‘Big Tech’ Firms into Financial Services

Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to top officials from central bank umbrella group the Bank for International Settlements (BIS). Global watchdogs are increasingly wary that the …

Amazon to Overhaul Warehouse Worker Metric Cited in Injuries

Amazon.com Inc. is overhauling a controversial worker-productivity yardstick that has drawn the ire of warehouse employees who say it imposes an unsafe burden on them. The world’s largest online retailer uses sophisticated algorithms to monitor productivity at its facilities, and …

Former Amazon Employee Files Colorado Whistleblower Complaint

A former Amazon warehouse worker has filed a complaint with the Colorado Department of Labor and Employment against Amazon over its COVID-19 policies and allegations that her firing was retaliatory. Linda Rodriguez alleged in her complaint filed last week that …

How Tech Firms From Amazon to YouTube Ban Users for Off-Site Behavior

Earlier this month, Twitch announced it would start banning users for behavior away from its site. The move by Amazon Inc.’s live-streaming platform involved hiring a law firm to conduct investigations into users’ misconduct, a new twist in the latest …

Next Insurance Targets Businesses That Sell and Buy on Amazon

In partnership with Amazon, digital small business insurer Next Insurance is offering insurance to businesses that are buyers or sellers on the popular Amazon e-commerce site. The insurer is targeting members of Amazon Business Prime that use Amazon as their …

Amazon Plans Cameras with AI in Its Delivery Vans to Improve Driver Safety

Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world’s largest e-commerce firm says would improve safety of both drivers and the communities in which they deliver. The company recently …

Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co., will cease to exist at the end of February, it said on Monday. The move comes three years after the companies came together to form …

National Labor Board Says Amazon Illegally Fired Protesting Employee

The U.S. National Labor Relations Board on Tuesday alleged Amazon.com Inc. illegally fired an employee this year who was raising alarm about workplace safety during the COVID-19 pandemic. Amazon associate Gerald Bryson was helping lead a protest outside a company …

Slick Sidewalks, Protective Pets Among Injury Trends for Amazon Delivery Partners in Colorado

Coloradans like residents of other states have seen an increase in delivery vehicles as many households shifted to ordering more online amid the pandemice. Colorado workers’ compensation insurer Pinnacol Assurance analyzed its claims data to identify trends for this rapidly …

Market Value of Insurers, Drugstores Drops on Amazon Plans to Sell Prescription Drugs

The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc. revealed plans to start selling prescription drugs to its Prime members in the U.S. The long awaited move pushed Walgreens Boots …