Amazon
Amazon is cutting about 14,000 corporate jobs, increasing spending on artificial intelligence while cutting costs in other areas. This is the largest reduction since 2023, when the company laid off 27,000 employees.
UN Secretary-General António Guterres stated that exceeding the Paris Agreement's climate target is inevitable, calling for an immediate change of course. He emphasized the danger of reaching catastrophic "tipping points" and the need to reduce emissions.
Amazon plans to cut up to 30,000 corporate jobs, starting October 28. This is the largest reduction at the company since late 2022, when approximately 27,000 jobs were eliminated.
US stock indices rose to historical highs: Dow Jones by 0. 42%, S&P 500 by 0.89%, Nasdaq by 1.54%. The growth was supported by expectations of a meeting between Trump and Xi Jinping, as well as an expected 25 basis point Fed rate cut.
Donald Trump plans to name the new 90,000-square-foot White House ballroom after himself. The $300 million project is funded by private donors, including major tech companies.
Amazon's CEO and a representative of the Robotics division stated that the company will use AI to combine efforts and reduce costs, but also plans to create new jobs for people. This decision is a response to the discussion about the impact of AI on the labor market.
European Investment Bank President Nadia Calviño announced the mobilization of €250 billion by 2027 for the development of high technologies. The goal is to maintain Europe's competitiveness with China and the US and to create 1,000 European technology giants.
A global outage of Amazon Web Services paralyzed dozens of popular websites and applications, sparking a wave of memes on social media. The problems affected services from Roblox to Microsoft 365, but Amazon assured that there was no cyberattack.
On October 20, millions of users were unable to access Snapchat, Fortnite, Roblox, Duolingo, and Ring due to a technical glitch in Amazon Web Services (AWS). The situation was caused by a massive outage in the cloud computing platform, which is the foundation of a significant part of the modern Internet.
Amazon shared new details about its nuclear energy development plans in Washington state. The company will be entitled to purchase electricity from the first phase of the 320-megawatt project.
On October 15, the Victoria's Secret fashion show 2025 will take place, where famous "angels" and new faces, including plus-size models, will walk the runway. The show will be available on Prime Video, Amazon Live, and the brand's official pages.
Indian Prime Minister Narendra Modi urged Indians to buy local goods amid strained trade relations with the United States. The call came after the US imposed a 50% tariff on Indian goods, leading to a boycott of American brands.
Amazon is introducing partial refunds for items that customers can keep, to counteract the growing trend of free returns. This practice allows the company to lower the price of the item and avoid the logistical costs associated with returns.
Larry Ellison's fortune grew by $101 billion, reaching $393 billion. This allowed him to become the richest person in the world for the first time, surpassing Elon Musk.
The court in Luxembourg found the European Commission's methodology for supervisory fees under the Digital Services Act to be flawed. EU regulators have been given 12 months to correct the methodology.
OpenAI plans to introduce its own AI processor in 2026. The project is being implemented in cooperation with Broadcom for internal use.
The activities of the APT29 (Midnight Blizzard) hacker group have been neutralized. They hacked websites and redirected users to fake pages to gain access to mail.
SpaceX has accumulated nearly $5. 4 billion in tax losses, avoiding federal income tax. The company uses tax benefits, including loss carryforwards, made possible by changes in tax legislation in 2017.
Jacklyn Bezos, mother of billionaire Jeff Bezos, died at the age of 78 after a long battle with dementia. She was one of Amazon's first investors, investing nearly $250,000 in 1995.
Perplexity AI, an AI platform, offered 29 billion euros for Google Chrome browser. This happened amid an antitrust case in the US that could force Google to sell Chrome.
OpenAI is soon to release GPT-5, the next version of its AI model. Early testers note its capabilities but consider the leap from GPT-4 less significant than from GPT-3 to GPT-4.
Screenwriter Steven Knight confirmed that he will be working on the new James Bond film. This has been his long-standing desire, and he has already met with producers.
Global stocks continued their decline for the sixth consecutive day, the longest losing streak since September 2023. The reason was new tariffs announced by Donald Trump, which outweighed the optimism from tech giants' reports.
Google's parent company, Alphabet, reported revenue growth in the second quarter but increased its capital expenditure forecast for 2025 by $10 billion, to $85 billion. This is due to investments in artificial intelligence, despite a 1.6% drop in shares.
Iceland has sufficient public support to resume EU accession talks, despite trade disputes and US threats. 58% of Icelanders support resuming negotiations, and the foreign minister considers it vital.
The price of Bitcoin reached $122,500 on Coinbase on July 14, recording a 3. 5% daily increase. This happened amid "Crypto Week" in the US, where key bills are being considered.
Amazon CEO Andy Jassy announced staff reductions due to AI implementation. Other companies, including Microsoft and Duolingo, are also announcing similar changes, which could affect millions of jobs worldwide.
Donald Trump is planning a multi-year mega-celebration of the 250th anniversary of US independence, which will include a "Great American States Fair," "Patriot Games," a "Freedom Plane," and a UFC fight on the White House grounds. The events will take place against a backdrop of low levels of patriotic pride among Americans.
This year, Bitcoin is breaking records, while most altcoins are experiencing a significant decline, having lost over $300 billion in market value. Bitcoin now accounts for 64% of the total market value of crypto assets.
Actress Charlize Theron criticized Jeff Bezos and his new wife Lauren Sanchez for their $50 million wedding in Venice. Protesters in Venice also condemned the lavish wedding, demanding that Bezos pay more taxes, accusing him of tax evasion and low wages for employees.