Amazon

UPS has been consolidating its footprint by closing facilities and cutting jobs to streamline operations and generate US$3 billion in cost savings by 2026.

Companies & Markets

UPS hikes full-year forecasts after Amazon delivery reductions

UPS expects to generate revenue of US$91.2 billion in 2026, up from its previous forecast of US$89.7 billion

2026-07-28T14:50:11.000Z

Proceeds from the sale will be used for general corporate purposes, which may include repayment of debt, acquisitions and capital expenditures.

Telcos, Media & Tech

Amazon seeks to raise at least US$25 billion from bond sale

The company is selling the debt in as many as eight tranches, ranging from three to 40 years

2026-07-07T14:31:03.000Z

AWS said it planned to have “thousands” of employees in the new unit.

Telcos, Media & Tech

Amazon’s AWS commits US$1 billion toward new unit for embedded AI engineers

Forward-deployed engineering is a rare bright spot among tech companies that have been retrenching staff

2026-06-30T15:25:33.000Z

The Australian Competition & Consumer Commission says Amazon breached consumer law and included unfair contract terms in its Prime subscription contracts.

Companies & Markets

Amazon sued by Australian consumer watchdog over Prime Video ads

Beyond annual service fees, subscribers had to pay extra monthly fees to avoid ads, the authority says

2026-06-30T00:57:00.000Z

Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

Companies & Markets

E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

The sector is maturing in the region, with players pivoting from scale to profitable growth

2026-06-25T07:56:34.000Z

Online spending on Tuesday is tracking ahead of its projections and marks the biggest e-commerce day so far in 2026, Adobe said.

International

US online spending hits US$8.3 billion as Amazon Prime Day kicks off, Adobe says

ONLINE shopping among shoppers on the first day of Amazon’s Prime Day rose 5.3 per cent from a year earlier to US$8.3 billion across US retailers, Adobe Analytics said on Wednesday (Jun 24).

2026-06-24T14:01:37.000Z

Amazon has highlighted deals on groceries, household goods, travel and school items.

International

Amazon Prime Day to gauge US consumer strain as focus shifts to basics

Shoppers will spend more on this Prime Day than on Cyber Monday and Black Friday 2025 combined, Adobe predicted

2026-06-22T12:52:40.000Z

A clash between CSE board chairman Eugene Lai (left) and Tan Chian Khong led to Tan’s resignation as the company's lead independent director.

Companies & Markets

BT EXPLAINS

CSE Global’s board clash: Who are Eugene Lai and Tan Chian Khong?

The Business Times looks into the recent dispute

2026-06-19T07:43:26.000Z

Amazon founder Jeff Bezos argued that people have “endless” things to do, and are currently limited by barriers that he said AI would lower.

Telcos, Media & Tech

AI will lead to labour shortages, Amazon founder Bezos says

The comments come when global companies cut thousands of jobs after investing heavily in AI

2026-06-18T01:18:39.000Z

The stock is expected to enjoy additional demand in the coming weeks as it joins major indexes.

Global Enterprise

SpaceX vaults past Amazon’s market value as options listing fuels surge

Next up are Apple, Alphabet and Nvidia, all above US$4 trillion in market value

2026-06-16T23:35:28.000Z

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