BUSINESS | Amazon’s Bezos To Step Down As CEO; Quarterly Revenue Tops $100 Billion For First Time

JEDDAH – – Amazon.com Inc. on Tuesday said founder Jeff Bezos Would step down as CEO and become Executive Chairman, as the company reported its third consecutive record profit and quarterly slave above $100 billion for the first time. The transition, slated  for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next … More BUSINESS | Amazon’s Bezos To Step Down As CEO; Quarterly Revenue Tops $100 Billion For First Time

BUSINESS NEWS | Amazon Says CEO Bezos Willing To Testy Before Congress – NYT

NEW YORK – Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported on Monday, citing a Lawyer for Amazon who wrote to lawmakers. Amazon did not immediately respond to Reuters request for comment.

SUSTAINABLE BUSINESS | Amazon’s Bezos Pledges $10 Billion To Climate Change Fight

MILAN | ITALY – – Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofit and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday. Cutting emissions will be challenging for Amazon. The e-commerce company delivers 10 billion items a year, … More SUSTAINABLE BUSINESS | Amazon’s Bezos Pledges $10 Billion To Climate Change Fight

BUSINESS | Jeff Bezos Is Still The Richest Person In The World

Jeff Bezos is still the richest person in the world, even after losing $10 billion in one year. The Amazon founder held onto the top sport in the final day of the 2019 Bloomberg Billionaire Index with an estimated net worth of $115 billion. He’s trailed closely by Microsoft founder Bill Gates, whose estimated worth … More BUSINESS | Jeff Bezos Is Still The Richest Person In The World

BUSINESS | France’s Bernard Arnault Is World’s Second – Richest Person

Jeddah, Saudi Arabia – Bernard Arnault is now the world’s second-richest person, according to Forbes’ calculations. The luxury good titan behind such brands as Louis Vuitton and Moet & Chanddon is worth $103.2 billion in March when Forbes published their annual billionaire rankings. At the time he was the fourth-richest person on the planet. His … More BUSINESS | France’s Bernard Arnault Is World’s Second – Richest Person

BUSINESS | Amazon Founder Bezos’ Divorce Final With $38 Billion Settlement

Riyadh, Saudi Arabia – Amazon.com Inc founder Jeff Bezos’ divorce  from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported. In April, Amazon, the world’s biggest online retailer, said in a filing than 4% of its … More BUSINESS | Amazon Founder Bezos’ Divorce Final With $38 Billion Settlement