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Anthropic is seen as a leader in the AI field and has its own chatbot, Claude - a competitor to ChatGPT

Amazon steps up AI race with $4bn Anthropic investment

Amazon said today it would invest up to $4 billion in AI firm Anthropic, as the online retail giant steps into an AI race dominated by Microsoft, Google and OpenAI.

Business • 25 Sep 23

(Stock image) The Council has granted planning permission despite opposition.

Amazon secures permission for three new data centres

Amazon Web Services (AWS) has secured planning permission for contentious plans to construct three new data centres in north Dublin.

Business • 20 Sep 23

Vodafone said that Project Kuiper's high-bandwidth, low-latency satellites would be used to connect mobile base stations in remote locations to its core networks

Vodafone teams up with Amazon's Project Kuiper

Vodafone plans to work with Amazon's low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa.

Business • 05 Sep 23

An aerial view of Amazon deforestation in Mato Grosso, Brazil

Amazon emissions soared under Bolsonaro - study

The Amazon rainforest's carbon emissions doubled in 2019 and 2020, as a decline in environmental policing under Brazilian ex-president Jair Bolsonaro led to a surge in destruction, researchers say.

Climate Change • 23 Aug 23

Air - the story of Nike's deal with a young Michael Jordon - is just one of a wave of business-themed films to be released in the past year

Movie, business: The new wave of films about firms

The business world has long been a rich source of material for Hollywood, with even seemingly obscure stories telling us something about the human condition, writes Adam Maguire.

Business • 23 Aug 23

Campaigners want all eight countries to adopt Brazil's pledge to stop illegal deforestation in the Amazon by 2030

Amazon nations launch alliance to fight deforestation

Eight South American countries have agreed to launch an alliance to fight deforestation in the Amazon, vowing at a summit in Brazil to stop the world's biggest rainforest from reaching "a point of no return."

World • 09 Aug 23

Amazon has recently reorganised its fulfillment network and opened warehouses for same-day shipping closer to big metro areas

Amazon forecasts bright Q3 on resilient cloud sales

Amazon.com last night reported sales growth and profit that beat Wall Street's expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside.

Business • 04 Aug 23

Ocado's shares had surged last month after a report of possible takeover interest from Amazon

Ocado keeps guidance after return to H1 profit

Ocado, the British online supermarket and technology group, kept its financial guidance for the year as it reported a return to underlying profit in its first half.

Business • 18 Jul 23

Nvidia shares are up well over 200% this year

Investors brace for earnings from 'Magnificent Seven'

The massive growth and technology names that have dominated the US stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year's equity rally.

Business • 17 Jul 23

The children survived alone in the Amazon for 40 days

Colombian children rescued from jungle leave hospital

Four Indigenous children who survived 40 days in the Colombian Amazon have been released from a military hospital after a month long stay, authorities said, adding that the siblings were doing "very well".

World • 15 Jul 23

Amazon said it is not the largest retailer in any of the EU countries where it operates and bigger rivals in these countries have not been designated as VLOPs

Amazon in first Big Tech challenge to EU content rules

Amazon is challenging its inclusion in a group of companies subject to tough European Union online content rules, in a move that may prompt other tech giants to follow suit.

Business • 11 Jul 23

A deforested and burnt area is seen on a stretch of the BR-230 (Transamazonian highway) in Humaitá, Amazonas State, Brazil

Brazil says sharp fall in Amazon deforestation

Deforestation of the Brazilian Amazon fell by one-third in the first six months of President Luiz Inacio Lula da Silva's administration compared to the same period of last year, the government has said.

World • 07 Jul 23

The FTC sued Amazon in federal court in Seattle

Amazon duped millions into enrolling in Prime - US FTC

The US Federal Trade Commission has accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel, the agency's latest action against the ecommerce giant in recent weeks.

Business • 22 Jun 23

An adviser to Europe's top court said today that Amazon Amazon should not pay €250m in back taxes to Luxembourg

Amazon should not pay $268m in Luxembourg back taxes

Amazon should not pay €250m in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe's top court said today, as she cited errors in the EU regulator's assessment.

Business • 08 Jun 23

Amazon last night reported a profit of $3.2 billion on revenue that climbed 9% to $127.4 billion in the first quarter

Amazon cloud and ad revenue grows as shoppers cautious

Online retail titan Amazon last night said its cloud and ads units helped it beat earnings expectations in the first quarter of this year despite shoppers and businesses being more careful about spending.

Business • 28 Apr 23

Amazon said the job cuts would be mostly in its AWS, advertising and Twitch units

Amazon to lay off 9,000 more workers worldwide

Amazon is to cut another 9,000 jobs from its global workforce.

Business • 20 Mar 23

n December, on behalf of Amazon Web Services (AWS), Universal Developers LLC lodged plans with the Council for the three new data centre buildings

Council raises questions over Amazon's data centre plan

Fingal Co Council has stated that it is not satisfied Amazon Web Services (AWS) has fully demonstrated that its plan to build three data centres in north Dublin accords with revised Government policy on data centres.

Business • 20 Feb 23

More than 350 Amazon staff at its Coventry warehouse are due to take further industrial action on February 28, March 2 and March 13-17

Amazon workers at UK warehouse set further strike dates

Workers at an Amazon warehouse in Britain will walk out for seven further days in an escalation of a dispute over pay, their trade union said today.

Business • 13 Feb 23

Facing high inflation and recession fears, Amazon has embarked on an extensive cost-cutting move

Amazon's outlook disappoints as budgets stay tight

Amazon.com said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.

Business • 03 Feb 23

Amazon has lodged plans for three new data centres to the north of Mulhuddart in north Dublin

Amazon lodges plans for 3 new data centres for Dublin

Online retail giant, Amazon has lodged plans for three new data centres for its data centre campus to the north of Mulhuddart in north Dublin.

Business • 26 Jan 23

Amazon security staff keep an eye on members of the GMB union in Coventry, as Amazon workers stage their first ever strike in the UK in a row over pay

Striking Amazon workers say they have 'nothing to lose'

Amazon workers staging their first ever strike in the UK in a dispute over pay have "nothing to lose", a union has said.

World • 25 Jan 23

Amazon has the right to appeal the decision to a wider panel at the US National Labor Relations Board

Amazon workers' union victory upheld in US

A US labor board director has upheld Amazon workers' landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing the online retailer closer to having to bargain with staff on a contract.

Business • 12 Jan 23

All workers at the sites will be offered roles at other Amazon locations.

Amazon plans to shut three UK warehouses

Amazon has revealed plans to shut three UK warehouses in a move which will impact 1,200 jobs.

Business • 10 Jan 23

The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce

Ireland not major target for Amazon job cuts - Coveney

Minister for Enterprise, Trade and Employment Simon Coveney has said he believes there will be some impact in Ireland following Amazon's decision to cut 18,000 jobs globally.

World • 05 Jan 23

An Amazon electric delivery truck, developed by electric vehicle maker Rivian

US tax credits to jolt electric delivery truck demand

The US will introduce incentives on January 1 for delivery firms and other companies to switch to electric trucks as part of a broad push to get polluting, workhorse vehicles off the roads.

Business • 29 Dec 22