Tag: amazon
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Amazon raises minimum hourly pay by $1 to $20 for US operations workers
Sept 16 : Amazon.com is raising the minimum hourly pay for its eligible full-time U.S. operations workers by $1 to $20, the e-commerce and cloud giant said on Wednesday.Here are more details:• The company also unveiled a new benefit, “Day 1 Financial,” giving qualified employees and their families li
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Amazon pauses operations with 21 Air after Miami cargo plane crash
Sept 13 : Amazon said on Sunday it was pausing operations with Miami-based 21 Air, the cargo carrier that operated the aircraft for Amazon Air that crashed in Miami last weekend, killing five people.”After the tragic incident last weekend, we’ve spent time supporting the investigation and reviewing some of th
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Amazon lends boost to Europe’s Ariane at Paris space gathering
PARIS, Sept 9 : The Amazon Leo satellite network has ordered six additional launches on Europe’s Ariane 6 launcher, operator Arianespace said on Wednesday, in a boost to Europe’s flagship rocket programme.French President Emmanuel Macron hailed the deal at the opening of a two-day space summit shunned by top
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Amazon raises almost $6 billion in first sterling bond sale, lead manager says
LONDON, Sept 9 : Amazon raised £4.25 billion ($5.76 billion) from its first-ever sterling bond sale on Wednesday, slightly more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal is the latest example o
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Europe’s Ariane wins Amazon boost at space gathering
PARIS, Sept 9 : Amazon Leo has ordered six additional launches on Europe’s Ariane 6 launcher, operator Arianespace said on Wednesday, in a boost to Europe’s flagship rocket programme.The announcement at a Paris space gathering brings the number of Ariane launches commissioned by Amazon to 24 by 2031.Th
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Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
LONDON, Sept 9 : Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal, which saw strong demand, is the latest exampl
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Amazon set to raise over $5 billion in first sterling bond sale, lead managers say
LONDON, Sept 9 : Amazon was set to raise 4 billion pounds ($5.43 billion) from its first ever sterling bond sale on Wednesday that drew strong demand, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal is the latest example of how
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Amazon accused in lawsuit of systematic discrimination against pregnant employees
NEW YORK, Sept 8 : Amazon.com was sued on Tuesday in a proposed nationwide class action accusing the retailer of systematically discriminating against thousands of pregnant employees, including by firing some it claimed took too much time off.According to a complaint filed by four former warehouse employees,
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Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock
Sept 8 : Qualcomm on Tuesday reached a deal to develop custom chips with Amazon for AI data centers, giving it the right to acquire about $4 billion in shares in exchange for $60 billion in business with the chipmaker.As part of the deal, Qualcomm has granted Amazon a warrant that could allow it to…
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Amazon accused in lawsuit of systematic pregnancy discrimination
NEW YORK, Sept 8 : Amazon.com was sued on Tuesday in a proposed class action accusing the retailer of systematically discriminating against pregnant workers.According to a complaint filed in the Brooklyn, New York, federal court, Amazon routinely violates federal and New York worker protection laws by denying
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