Amazon founder and majority shareholder Jeff Bezos has vowed support for the plan of US president Joe Biden to raise taxes for US companies to compensate for record high stimulus packages, BBC reported. The comments by the world's richest man come as Biden pushes to raise the corporate rate from 21% to 28%.The rise would help pay for a massive spending plan to upgrade America's roads, ports, water pipes and internet.In his speech unveiling the proposal, Biden singled out Amazon as an example of a company that pays too little.

Amazon CEO Jeff Bezos plans to spend the $10 billion he invested in the Bezos Earth Fund by 2030, the fund’s new CEO said Tuesday.

Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, the companies said in a joint said on Monday.

Amazon’s founder and main shareholder Jeff Bezos announced his decision to step down from the company’s corporate governing. However the firm reported a record $386bn in sales in 2020, up 38% from 2019. Profits almost doubled, rising to $21,3bn. Amazon reported quarterly sales above $100 billion for the first time, Reuters reported.

Amazon.com is urging a US judge to toss out the Pentagon’s $10bn JEDI cloud computing contract award after the Defence Department said in September a court-ordered re-evaluation had determined Microsoft Corp’s proposal still represented the best value for the government.

The European Union has decided to take robust actions to improve its cyber security amid latest breaches that lead to serious turmoil across the continent. Thus tech companies have to comply with new requirements in the short and medium term. Tech companies with millions of European users or active in at least two sectors will be classified as online gatekeepers subject to tough new EU regulations with emphasis at curbing their power, Reuters reported.

The internet giant Google will have to pay a bitter price for its activity in Europe. France has said that the search engine will be fined by 100 million euro for failing to comply to the country’s legislation. It appears that the massive fine is over ad-tracking cookies. It is the largest fine ever issued by the French data privacy watchdog CNIL.

Jeff Bezos has been put on notice by 400 politicians from all over the world who are demanding that Amazon clean up its act as a global corporate citizen.

Amazon confirmed information it was planning to disburse another 500 million dollars to offset strike concerns related to its European key subsidiaries, world agencies reported . Amazon is under pressure from a global campaign targeting its business practices.

Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS and Walmart.