Amazon launches in-store pickup option for items from local businesses

An Amazon.com delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images Amazon is launching a new shipping option for shoppers who don’t want to wait for their package to arrive by mail. The company on Thursday rolled …

Huawei launches smartphone overseas despite U.S. sanctions crippling its mobile phone business

Customers at a Huawei licensed experience store shop for devices on October 30, 2020 in Suzhou, China. Fred Lee | Getty Images News | Getty Images GUANGZHOU, China — Huawei launched its mid-range Nova 9 smartphone overseas for the first time on Thursday, starting in Europe. The Chinese smartphone giant’s business overseas has been crippled …

Amazon warehouse workers on Staten Island to file for union election

Amazon workers at Amazon’s Staten Island warehouse strike in demand that the facility be shut down and cleaned after one staffer tested positive for the coronavirus on March 30, 2020 in New York. Angela Weiss | AFP | Getty Images Amazon warehouse workers on New York’s Staten Island plan to file for a union election, …

Internet open, but big tech needs to be accountable to users: IT MoS

The government believes in a free and open Internet, but big technology platforms need to be accountable to the large number of users they host, said Rajeev Chandrasekhar, Minister of State for Ministry of Electronics and Information Technology (MeitY) on Thursday. “The internet should be a safe and trusted cyberspace for …

SAP’s cloud revenue jumps 20% as European software giant ramps up rivalry with Salesforce

The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. Ralph Orlowski | Reuters German software giant SAP on Thursday posted a jump in revenue at its fast-growing cloud unit, which helped boost the company’s earnings performance in the third quarter. SAP’s third-quarter cloud revenue totalled roughly …

Bitcoin jumps to new record above $65,000 after landmark U.S. ETF launch

A visual representation of bitcoin. STR | NurPhoto via Getty Images Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed about 3% to $66,361.54 around 10:30 a.m. ET, topping a previous record of $64,899 set in mid-April. …

Most young crypto traders don’t realize it’s not regulated, UK markets watchdog says

A visual representation of cryptocurrencies. Jakub Porzycki | NurPhoto | Getty Images LONDON — Most cryptocurrency investors under the age of 40 don’t realize it isn’t a regulated product, according to the U.K. Financial Conduct Authority. Cryptocurrencies are not regulated in the U.K., meaning people are not protected by consumer protection laws if their funds …

Alibaba expands cloud business abroad with new data centers in Asia, stepping up rivalry with Amazon

Zhang Jianfeng, president of Alibaba Cloud Intelligence, speaks during the opening ceremony of Alibaba Renhe Cloud Data Center on September 16, 2020 in Hangzhou, Zhejiang Province of China. Qian Chenfei | China News Service | Getty Images GUANGZHOU, China — Alibaba plans to open its first data centers in South Korea and Thailand in 2022 …

Amazon says sellers are doing great on its marketplace, as regulators turn up the heat

Amazon on Tuesday released new data touting the success of sellers on its third-party marketplace amid mounting scrutiny from lawmakers of its private-label business practices. Amazon launched the third-party marketplace in 2000, allowing everyone from small businesses that operate out of their garage to established brands to sell their wares on the site. It has …

Netflix co-CEO Reed Hastings dodges questions on Chappelle controversy

Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Netflix co-CEO Reed Hastings dodged questions on the fallout from the Dave Chappelle stand-up special when pressed by CNBC correspondent Julia Boorstin at the Milken Conference on Monday. …