Amazon

Economy & Business

TECHNOLOGY

Amazon announces closure of its Kindle bookstore in China

The Nomad Today/dpa 6/3/22

Amazon isn't the only American company to have scaled back its operations in China, with other tech giants having limited services or exited from the country entirely due to increased competition and…

Economy & Business

BUSINESS

High costs and low sales hit Amazon

The Nomad Today/dpa 4/29/22

A net loss of $3.8 billion in the first-quarter, compared with a profit of $8.1 billion during the same period a year ago, was largely driven by its investment in electric carmaker Rivian

Economy & Business

RETAIL

Amazon increases the fee for its Prime membership service

The Nomad Today/dpa 2/4/22

At present, Amazon has more than 200 million paid subscribers worldwide.

World

NATURAL DISASTER

Worst tornadoes for years cause 'mass casualties' in US

The Nomad Today/dpa 12/11/21

Over 50,000 homes were without power

Economy & Business

BUSINESS

Italy's competition regulator hits Amazon with 1.1-billion-euro fine

The Nomad Today/dpa 12/9/21

The Italian competition authority said Amazon had abused its position

Economy & Business

E-COMMERCE

Amazon deleted more than 200 million fake reviews

The Nomad Today/dpa 7/25/21

Some companies sell false or fictitious product reviews

Economy & Business

Jeff Bezos sells Amazon shares worth 6.7 billion dollars

The Nomad Today/dpa 5/12/21

With an estimated wealth of around 188 billion dollars, Bezos is currently the richest person in the world.

Finland

E-COMMERCE

Pandemic sees online retail boom

The Nomad Today/dpa 5/3/21

Global e-commerce increased by 4% for sales of 26.7 trillion dollars, more than the gross domestic product of the United States.

Economy & Business

RETAIL

Amazon launches a new online shop in Sweden

The Nomad Today/dpa 10/28/20

Customers would be offered "more than 150 million products, including tens of thousands of products from local Swedish businesses," said Alex Ootes, vice president of EU expansion at Amazon.

Economy & Business

Online retailer Amazon prepares launch in Sweden

The Nomad Today 8/5/20

The retailer has been one of the big winners during the coronavirus pandemic.

Finland

Finnish Government "truly worried" about Brazil's attitude regarding its own forests

The Nomad Today 8/23/19

Finnish Prime Minister said Amazon rainforest fires are "a threat to the whole planet" and Brazil must "do all it takes" to fight them. Minister of Finance, Mika Lintilä, urges the EU and Finland to…