Amazon.com and ‘Big Five’ publishers accused of ebook price-fixing

Class action lawsuit filed in US claims the houses have colluded with the online giant to keep prices artificially high

Amazon.com and the “Big Five” publishers – Penguin Random House, Hachette, HarperCollins, Macmillan and Simon & Schuster – have been accused of colluding to fix ebook prices, in a class action filed by the law firm that successfully sued Apple and the Big Five on the same charge 10 years ago.

The lawsuit, filed in district court in New York on Thursday by Seattle firm Hagens Berman, on behalf of consumers in several US states, names the retail giant as the sole defendant but labels the publishers “co-conspirators”. It alleges Amazon and the publishers use a clause known as “Most Favored Nations” (MFN) to keep ebook prices artificially high, by agreeing to price restraints that force consumers to pay more for ebooks purchased on retail platforms that are not Amazon.com.

Continue reading...

Bitcoin hits record high on 12th anniversary of its creation

Cryptocurrency passes $30,000 as financial institutions express growing interest

Bitcoin has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method.

Having quadrupled in value during 2020, bitcoin began 2021 strongly by breaking through the $30,000 (£22,000) mark for the first time, less than three weeks after first trading above $20,000.

Continue reading...

Ten billionaires reap $400bn boost to wealth during pandemic

Covid-19 pushed many into poverty but brought huge benefits for some of the wealthiest, renewing calls for fairer taxes

Ten of the richest people in the world have boosted their already vast wealth by more than $400bn (£296bn) since the coronavirus pandemic began as their businesses were boosted by lockdowns and financial crises across the globe.

The extra wealth accumulated by the 10 men – approximately $450bn, using Forbes figures – over the past nine months is more than the £284bn the British government is estimated to have spent on tackling the pandemic and the economic damage it has wrought on its 66 million people.

Continue reading...

Not Amazon: Canadian website takes on the online giant

Ali Haberstroh’s directory lists nearly 4,000 independent businesses in Toronto, Halifax, Calgary and Vancouver

In cities and towns around the world, darkened shopfronts and shuttered businesses have become an all-too-familiar symptom of the economic collapse triggered by the coronavirus pandemic.

But while small businesses and local retailers struggle with lockdowns and restrictions, e-commerce giants like Amazon have raked in billions in new profits.

Continue reading...

How Amazon became a pandemic giant – and why that could be a threat to us all

Online retail grew massively in lockdown, and Amazon reaped huge profits. But where is the company’s relentless innovation and automation heading – and is it time to clip its wings?

For the last year, Anna (not her real name) has been working as an Amazon “associate”, in the kind of vast warehouse the company calls a fulfilment centre. For £10.50 an hour, she works four days a week, though, during busy periods, this sometimes goes up to five. Her shift begins at 7.15am and ends at 5.45pm. “When I get home,” she says, “it’s about 6.30. And I just go in, take a shower and go to bed. I’m always exhausted.”

Anna is a picker in one of the company’s most technologically advanced workplaces, in the south of England. This means she works in a metal enclosure in front of a screen that flashes up images of the products she has to put in the “totes” destined for the part of the warehouse where customer orders are made ready for posting out. Everything from DVDs to gardening equipment is brought to her by robot “drives”: squat, droid-like devices that endlessly lift “pods” tall fabric towers full of pockets that contain everything from DVDs to toys – and then speed them to the pickers.

Continue reading...

‘This is revolutionary’: new online bookshop unites indies to rival Amazon

Bookshop.org, which launched in the US earlier this year, has accelerated UK plans and goes online this week in partnership with more than 130 shops

It is being described as a “revolutionary moment in the history of bookselling”: a socially conscious alternative to Amazon that allows readers to buy books online while supporting their local independent bookseller. And after a hugely successful launch in the US, it is open in the UK from today.

Bookshop was dreamed up by the writer and co-founder of Literary Hub, Andy Hunter. It allows independent bookshops to create their own virtual shopfront on the site, with the stores receiving the full profit margin – 30% of the cover price – from each sale. All customer service and shipping are handled by Bookshop and its distributor partners, with titles offered at a small discount and delivered within two to three days.

Continue reading...

Drivers for Amazon contractor allege safety and wage abuses

Exclusive: Testimony of HGV drivers from ex-Soviet countries raises fresh questions over supply chain

Haulage drivers delivering to Amazon distribution centres across Europe allege that safety records are being deliberately manipulated and wages withheld in a breach of the e-commerce multinational’s pledges about working conditions in its supply chain.

HGV drivers recruited from former Soviet-bloc countries have told the Guardian that they were instructed to cheat tachograph machines that log their working hours, so that they could drive illegally long and unsafe stints in western Europe.

Continue reading...

Amazon executive resigns over company’s ‘chickenshit’ firings of employee activists

Tim Bray’s departure comes as company faces increased scrutiny and employee activism around its Covid-19 response

Tim Bray, a top engineer and vice-president at Amazon, announced on Monday he is resigning “in dismay” over the company’s firing of employee activists who criticized working conditions amid the coronavirus pandemic.

Bray’s resignation comes as Amazon faces increased scrutiny and employee activism surrounding its internal response to coronavirus. Amazon workers on Friday participated in a nationwide sick-out to, claiming the company has failed to provide enough face masks for workers, did not implement regular temperature checks it promised at warehouses, and has refused to give workers paid sick leave protest working conditions and inadequate safety protections.

Continue reading...

US lawmakers demand Jeff Bezos testify over Amazon’s ‘possibly criminally false’ statements

House lawmakers said they could subpoena CEO to testify in antitrust investigation if he doesn’t appear voluntarily

A bipartisan group of House lawmakers investigating Amazon for possible antitrust violations have demanded that Jeff Bezos testify before Congress to address statements by the company that “appear to be misleading, and possibly criminally false or perjurious”.

“Although we expect that you will testify on a voluntary basis, we reserve the right to resort to compulsory process if necessary,” seven leaders of the House judiciary committee, including the chair Jerry Nadler, wrote in a letter to the Amazon CEO on Friday.

Continue reading...

Amazon and other platforms allowing payments to far-right groups

Report by Center for Media and Democracy finds SPLC-designated hate groups receiving income via mainstream platforms

Dozens of hate groups and racist media outlets are receiving income via mainstream payment processors such as Amazon, Stripe and DonorBox, according to a new report by the Center for Media and Democracy (CMD).

The groups still receiving donations and sales via such platforms include promoters of the “Great Replacement” conspiracy theory that motivated the Christchurch shooter, an organization cited as an inspiration by mass shooter Dylan Roof, and several groups that participated in the Unite the Right rally in Charlottesville that ended in the killing of a protester.

Continue reading...

How to avoid Amazon: the definitive guide to online shopping – without the retail titan

Amazon’s sales have hit £8,800 a second, while concerns persist about its tax affairs, treatment of staff and effect on small retailers. Here’s how to buy everything from technology to beauty to books without it

With the shutters down on high streets and retail parks around the world, meaning that home delivery is the only option for almost anything other than food and medicine, it’s no surprise that Amazon is seeing business boom. The online retailer, already a one-stop shop for many people, has seen customers flock through its virtual doors in the weeks since coronavirus hit.

The site is experiencing an extended period of sales at the level usually reserved for the shopping frenzy of Black Friday, with reported surges reaching $11,000 (£8,800) a second. Its share price is booming, too, making its already rich founder, Jeff Bezos, even richer.

Continue reading...

Amazon given €294m in tax credits as European revenues jump to €32bn

Company says it made a loss last year due to investment and the competitive market

Amazon received €294m (£258m) in tax credits last year that it can deduct from future bills for its European business, as revenues at the online retailer rose significantly to €32bn.

The company said it received the tax credits because it made a loss last year due to its investment programme and the highly competitive retail environment across Europe and the UK.

Continue reading...

Amazon to close French warehouses over coronavirus concerns

Court decision has led to a five-day closure for deep cleaning and protective measures for staff

Amazon has ordered the temporary closure of all six of its French distribution centres, one day after a French court ruled it was not doing enough to protect its workers in the country amid the coronavirus pandemic.

The online giant said in a statement that “this week, we are requesting employees of our distribution centres to stay at home. In the longer term, we will evaluate the impact of that [court] decision for them and our French logistic network”.

Continue reading...

Amazon to suspend non-essential shipments to UK and US warehouses

The company is prioritising five categories of goods which it classifies as essential products

  • Coronavirus – latest updates
  • See all our coronavirus coverage
  • Online retail giant Amazon is stopping sellers from sending non-essential items to its UK and US warehouses until 5 April, to make space for vital items needed by its customers during the coronavirus outbreak.

    Amazon wrote to its third-party sellers, some of whom use the company’s logistics to store and dispatch their products, to inform them that stocks of medical supplies and certain household items are running low due to increased demand from online shoppers.

    Continue reading...

    Concerns over safety at Amazon warehouses as accident reports rise

    Figures obtained by GMB show safety at its UK warehouses could be worsening

    More than 600 Amazon workers have been seriously injured or narrowly escaped an accident in the past three years, prompting calls for a parliamentary inquiry into safety at the online retailer’s vast UK warehouses.

    Amazon, whose largest shareholder is the world’s richest man Jeff Bezos, recently launched an advertising campaign fronted by contented staff members, after a string of embarrassing revelations about working conditions.

    Continue reading...

    Jeff Bezos buys lavish Beverly Hills estate for record $165m – report

    Amazon founder purchases nine-acre estate once owned by Warner Bros president, Wall Street Journal says

    Jeff Bezos has set a new property price record in Los Angeles with the purchase of a $165m Beverly Hills estate, the Wall Street Journal reported.

    The Amazon founder’s purchase of the home from the media mogul David Geffen is the largest amount paid for a single-family Los Angeles-area home. The nine-acre estate originally belonged to Jack Warner, the late former president of Warner Bros Studios. Warner built up the estate’s 13,600-sq-ft Georgian-style mansion in the 1930s, reportedly with the wood floor that Napoleon was standing on when he proposed to Josephine.

    Continue reading...

    Amazon plans $1bn investment in India despite trader backlash

    Jeff Bezos pledges funds to help digitise small businesses as anti-Amazon protests spread

    Amazon’s founder, Jeff Bezos, has pledged to invest $1bn (£776m) in small businesses in India, despite a growing backlash against the online retailer by the country’s powerful local traders.

    During a three-day visit to India, where Amazon has its sights set on dominating the burgeoning e-commerce market, Bezos laid out his ambitious plans for Amazon’s investment in India over the next five years, including helping to digitise millions of small businesses.

    Continue reading...

    Amazon threatened to fire employees for speaking out on climate, workers say

    Revealed: emails show group of employees who called for stronger climate action by the company were told they risked dismissal

    Amazon has threatened to fire employees for speaking publicly about the company’s role in the climate crisis, tech workers at the retail giant have revealed.

    Related: Trump campaign credits impeachment for helping to fundraise $46m – live

    Continue reading...

    India primed: what Amazon’s vast new Hyderabad campus reveals about its plans

    Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market

    The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is “Delivering smiles”. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.

    Built on nine acres in this Indian city’s financial district, it is Amazon’s single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.

    Continue reading...

    US considers putting Amazon overseas websites on counterfeit blacklist – report

    Amazon says in response it ‘strictly prohibits’ counterfeit products and invests heavily to protect customers from them



    The Trump administration is considering putting some of Amazon.com Inc’s overseas websites on a list of global marketplaces known for counterfeit goods, the Wall Street Journal has reported, citing people familiar with the matter.

    The action would be taken by the US Trade Representative’s Office through its annual “notorious markets” list, the report said, adding that no decisions had been made and that similar proposals last year were eventually discarded.

    Continue reading...