Amazon’s Jeff Bezos buying stake in UK digital startup Beacon

spike

Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018.

Bloomberg | Getty Images

Jeff Bezos is investing in U.K. digital freight forwarding and supply chain finance firm Beacon, Sky News reported Sunday, without stating its sources.

The Amazon CEO and world’s richest man is taking part in Series A fundraising worth $15 million for the British startup, Sky reported. 

Freight forwarding is a trillion dollar industry, and Beacon aims to act as the booking agents between importers and exporters while facilitating trade logistics and finance, its website says. 

Based in London and founded in 2018, Beacon’s investors

Read More

Amazon says ‘appropriate’ executive to be available, as U.S. panel calls on Bezos to testify

spike

FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor

(Reuters) – Amazon.com Inc (AMZN.O) said on Friday it would make an “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers’ data.

The panel had called on chief executive Jeff Bezos to testify. Amazon’s blog late on Friday did not commit to a specific person

Read More

U.S. House panel calls on Amazon’s Bezos to testify on third-party sellers

spike

FILE PHOTO: Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. REUTERS/Lindsey Wasson/File Photo

WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com < AMZN.O> founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products.

In a letter to Bezos signed by Democratic and Republican members of the panel, the lawmakers referred to an

Read More

Bezos, Musk among billionaires gaining net worth in pandemic: report

spike

FILE PHOTO: Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. REUTERS/Lindsey Wasson

(Reuters) – The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc (TSLA.O) chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

The wealth surge of America’s richest men happened during a period that saw as many as

Read More