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News
Amazon beats cloud sales growth estimates; shares jump
1+ hour, 27+ min ago (569+ words) By Deborah Mary Sophia and Greg Bensinger July 30 (Reuters) – Amazon.com beat market expectations for quarterly cloud sales growth on Thursday, calming prior fears among investors over hefty planned outlays for artificial intelligence development. Shares in the Seattle-based online retailer…...
South Korea fines KT Corp $37.4 million for personal data leak, panel says
1+ day, 8+ hour ago (142+ words) SEOUL, July 30 (Reuters) – South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp 54 billion won ($37.43 million) for a leak of customer personal information, the commission said on Thursday. Hackers stole more than 16,600 KT mobile service customers’ personal data…...
India relaxes e-commerce investment rules for exports in win for Amazon
1+ week, 8+ hour ago (130+ words) The Mighty 790 KFGO India relaxes e-commerce investment rules for exports in win for Amazon NEW DELHI, July 23 (Reuters) – India’s government on Thursday eased foreign investment rules to allow e-commerce companies to buy products directly from Indian sellers and then sell…...
Chinese e-commerce giant JD.com given notice of EU concerns over Ceconomy takeover | The Mighty 790 KFGO | KFGO
1+ week, 1+ day ago (197+ words) BRUSSELS, July 22 (Reuters) – Chinese e-commerce giant JD.com was hit with formal notice of regulatory concerns over its $2.5 billion bid for German electronics retailer Ceconomy on Wednesday in a move that could require hefty concessions. The European Commission opened a…...
Britain’s Ocado shares hit 13-year low on lack of progress on winning new US partners
2+ week, 11+ hour ago (412+ words) LONDON, July 16 (Reuters) – Shares in British technology and online grocery group Ocado tumbled to a 13-year low on Thursday after it failed to show tangible progress in talks to secure new U.S. partners to boost its business to effectively…...
Fresh foods boost Amazon Now demand in Brazil, executive says | The Mighty 790 KFGO | KFGO
3+ week, 2+ day ago (419+ words) SAO PAULO, July 7 (Reuters) – Fresh food offerings have helped boost demand for Amazon’s new 15-minute quick-delivery service in Brazil, prompting the company to increase its range of products for that market by 15%, a local executive said. Amazon kicked off the…...
From shampoo to cookies, consumer products get an AI makeover
3+ week, 3+ day ago (411+ words) VIENNA, July 6 (Reuters) – French cosmetics company L’Oreal has used AI to identify molecules in its skincare products that can be repurposed for use in shampoo and can now create products four times faster than before, a senior executive told Reuters....
US retailers frontload China orders for holiday season, shipping firms say
1+ mon, 19+ hour ago (643+ words) By Ellen Zhang and Marius Zaharia June 30 (Reuters) – U.S. retailers have brought forward orders from China by four-to-six weeks to secure their inventories for Black Friday and Christmas holiday sales before expected tariff hikes later this year, shipping executives said....
US agency removes Chinese toy drones from import ban list
1+ mon, 2+ week ago (250+ words) WASHINGTON, June 16 (Reuters) – The U.S. Federal Communications Commission said on Tuesday it will allow new models of Chinese toy drones to be imported into the United States. In December, the FCC said it was barring imports of all new models…...
UK watchdog begins formal review of eBay’s purchase of Depop
1+ mon, 3+ week ago (125+ words) eBay announced in February it planned to buy Depop from Etsy for about $1.2 billion and the purchase is expected to close this month. The deal is expected to help eBay expand its reach with younger shoppers and strengthen its position…...