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Amazon AWS Matt Garman said nine out of 10 workers he has spoken with support the new back to work policy - which takes effect in January

Quit if you don't want to return to office - Amazon AWS

One of Amazon's top executives has defended the new, controversial 5-day-per-week in-office policy, saying those who do not support it can leave for another company.

Business • 18 Oct 24

Removal of servers from a rack at the Amazon recycling facilities

Amazon expands recycling services for data centre gear

Amazon has announced the expansion of its recycling capabilities in Dublin for data centre equipment.

Business • 14 Oct 24

Amazon now employs around 6,500 people in Ireland working across a range of roles and businesses

Amazon says it invested more than €22 billion in Ireland

Online retail giant Amazon said it has invested more than €22 billion in Ireland since 2004, including more than €3 billion in 2023 alone.

Business • 19 Sep 24

Amazon Web Services is Amazon's cloud computing arm

Amazon to invest £8 billion in UK data centres

Internet giant Amazon's cloud computing arm, Amazon Web Services, said today that it plans to spend £8 billion in the UK over the next five years to build, operate and maintain data centres.

Business • 11 Sep 24

Anthropic is a US developer of artificial intelligence

UK probes Amazon partnership with AI firm Anthropic

Britain's competition regulator said today it had launched an inquiry into a partnership between US e-commerce giant Amazon and Anthropic, a US developer of artificial intelligence.

Business • 09 Aug 24

Warren Buffett's Berkshire Hathaway has halved its stake in Apple - the conglomerate's top holding

Magnificent Seven set to shed $800 billion in value

Apple and other heavyweight companies sold off on Wall Street last night as US recession fears and Berkshire Hathaway's sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI.

Business • 06 Aug 24

UK union fails to win recognition at Amazon site

A British union has narrowly failed to secure the right to formally represent workers at an Amazon warehouse, with staff rejecting the chance to become the first site outside the US to force the ecommerce company to negotiate labour terms.

Business • 17 Jul 24

Prime Day accounts for 1% to 2% of Amazon's net global sales, according to research

Amazon Prime Day sales set to hit record $14 billion

Shoppers are likely to spend roughly $14 billion during Amazon's Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data.

Business • 15 Jul 24

Amazon has a goal to reach net zero carbon by 2040

Amazon's total emissions fell last year

E-commerce giant Amazon's overall emissions fell 3% last year as the company met a goal for all of the electricity it consumes globally to be matched with renewable power, it said today.

Business • 10 Jul 24

Amazon hits $2 trillion in valuation for first time

Amazon.com hit $2 trillion in market value for the first time on Wednesday, becoming the fifth US company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.

Business • 26 Jun 24

Amazon's €10 billion investment in Germany will create more than 4,000 jobs this year

Amazon invests €10 billion to expand German operations

Amazon will invest €10 billion in Germany as demand for its cloud services and retail goods in Europe's biggest economy keeps growing, the US technology and retail company said today.

Business • 19 Jun 24

Scientists said that the creature's distinctive markings resemble an 'evil eye'

New 'evil eye' piranha named after Tolkien villain

A vegetarian relative of the piranha which has been discovered by scientists in the Brazilian Amazon has been named after JRR Tolkien's ultimate villain, Sauron, due to its "evil eye" markings.

World • 11 Jun 24

Airbnb is one of the tech firms to win the backing of Europe's top court in their fight against an Italian rule requiring them to provide information on themselves

Google, Amazon, Airbnb win EU court backing in Italy row

Alphabet's Google, Amazon and Airbnb have today won the backing of Europe's top court in their fight against an Italian rule requiring them to provide information on themselves.

Business • 30 May 24

AWS launched its first cloud region in Italy in 2020 as part of a plan to invest €2 billion by 2029

Amazon in talks with Italy to invest billions - sources

Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data centre business in the country as part of the tech giant's effort to boost its cloud offer in Europe, four people familiar with the matter said.

Business • 28 May 24

Amazon has invested more than €20 billion in its French operations since 2010

Amazon to invest €1.2bn in France, create 3,000 jobs

Amazon said today it would invest more than €1.2 billion in its French operations and create more than 3,000 permanent jobs in the country.

Business • 13 May 24

Amazon's distribution centre in Baldonnel, Co Dublin

Amazon announces plan to launch Irish website in 2025

Amazon has announced that it will launch a new dedicated website for Ireland - Amazon.ie - in 2025.

Ireland • 09 May 24

Amazon Web Services has cut several hundred sales, marketing and tech roles

Amazon Web Services cuts hundreds of tech, sales jobs

Amazon Web Services said it has eliminated several hundred sales, marketing and tech roles, the latest in a series of job cuts by its parent Amazon.com.

Business • 04 Apr 24

Amazon stock has risen by more than 76% in the past year

Amazon founder Bezos sells $2.4 billion worth of shares

Amazon founder Jeff Bezos has sold another 14 million shares in the company, worth around $2.4 billion.

Business • 21 Feb 24

With its shares at a record high of $734.96, Nvidia was worth $1.82 trillion in market value on Wall Street yesterday

AI frenzy puts Nvidia ahead of Amazon in market value

Nvidia briefly surpassed Amazon.com in market capitalisation yesterday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable US company.

Business • 13 Feb 24

Amazon posts AI-fueled cloud and ecommerce growth

Amazon.com has beaten fourth-quarter revenue expectations as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical Christmas period.

Business • 02 Feb 24

Amazon said its proposed $1.4 billion acquisition of iRobot had no path to regulatory approval in the European Union

Amazon, iRobot abandon merger in face of EU opposition

Amazon and robot vacuum maker iRobot said today they would end their plans to merge in the face of opposition from EU antitrust regulators.

Business • 29 Jan 24

The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed on Wednesday and in most other regions by the end of the week.

Amazon to lay off staff in Prime Video, Studios

Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note today as companies extend their massive job cuts over the past two years into 2024.

Business • 11 Jan 24

Shares of the 'Magnificent Seven' - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla - have soared between around 50% and 240% this year

Can Magnificent 7 trade keep powering US stocks?

As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024 - stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market.

Business • 28 Dec 23

Over 1,200 Irish companies are currently selling on Amazon.

Irish SMEs pass €150m in export sales on Amazon in 2022

Irish SMEs recorded over €150 million in export sales on Amazon last year.

Business • 18 Dec 23

The European Court of Justice has scrapped an EU order to Amazon to pay €250m in back taxes to Luxembourg

EU top court rejects €250m EU tax order to Amazon

Europe's top court has today scrapped an EU order to Amazon to pay €250m in back taxes to Luxembourg, part of EU antitrust chief Margrethe Vestager's crackdown against sweetheart deals between multinationals and EU countries.

Business • 14 Dec 23