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☆ Amazon.com to invest over 1 billion euros in European electric van, truck fleet
▼ + stars: | 2022-10-09 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Oct 10 (Reuters) - Amazon.com Inc (AMZN.O) said on Monday it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon. The retailer said the investment was also aimed at spurring innovation across the transportation industry and encouraging more public charging infrastructure for electric vehicles (EVs). The U.S. online retailer said the investment would help its electric van fleet in Europe more than triple from 3,000 vehicles to more than 10,000 by 2025. Amazon said it also hopes to purchase more than 1,500 electric heavy goods vehicles - used for "middle-mile" shipments to package hubs - in the coming years. The retailer said it will also invest in doubling its European network of "micro-mobility" hubs from more than 20 cities today.

☆ Why tomorrow’s big jobs report has global implications
▼ + stars: | 2022-10-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Seems counter-intuitive, but the Fed (and much of Wall Street) is actually rooting for that number to go down. Here’s the thing: Before the pandemic and its whiplash-inducing economic rebound, the US economy averaged about 200,000 new jobs each month. In the last jobs report, wages were up 5.2% over the last 12 months. GRIM PROGNOSIS(CNN Business) Peloton announced yet another round of layoffs — its fourth round of cuts this year — as its new CEO attempts to shore up the company’s bottom line. And if it fails, McCarthy told The Wall Street Journal, Peloton likely isn’t viable as a stand-alone company.

☆ Amazon suspends 50 workers who refused to work after warehouse fire
▼ + stars: | 2022-10-05 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

CNN —Amazon suspended dozens of workers at its only unionized warehouse on Tuesday, one day after they organized a work stoppage following a fire at the facility. About 50 workers at the facility in Staten Island, New York were suspended with pay, according to Connor Spence, one of the suspended workers. Spence is a picker at the warehouse, known as JFK8, and the secretary treasurer for the Amazon Labor Union, the grassroots workers group behind the successful union push. The incident in Staten Island also comes about a week ahead of a separate union election – also organized by the Amazon Labor Union – at an Amazon facility near Albany, New York. According to Spence, the roughly 50 workers at JFK8 have been suspended with pay until Amazon conducts an investigation into what happened.

☆ Senator Warren, other lawmakers ask FTC to block Amazon's iRobot deal -Axios
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. Senator Elizabeth Warren is asking the Federal Trade Commission (FTC) to reject Amazon.com Inc's $1.7 billion deal to buy Roomba vacuum maker iRobot Corp (IRBT.O), Axios reported on Thursday, citing a letter. The FTC last week had asked Amazon and iRobot for more information on the e-commerce giant's buyout offer, which was announced in August. read moreWarren and the FTC did not immediately respond to Reuters' requests for comment. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Tiyashi Datta in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Register now for FREE unlimited access to Reuters.com RegisterThe Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid/File PhotoCompanies Amazon.com Inc FollowSept 21 (Reuters) - Amazon.com Inc (AMZN.O) said on Wednesday it would add 2.7 gigawatts of clean energy capacity through several new projects as it seeks to use 100% renewable energy across its business by 2025. Amazon's renewable energy projects would total 379 after the addition of the 71 new ones and it expects to generate 50,000 gigawatt hours (GWh) of clean energy from its entire portfolio, equivalent of powering 4.6 million U.S. homes each year. The new projects include three large-scale plants in the Indian state of Rajasthan with a capacity of 420 megawatts (MW), rooftop solar projects in France and Austria, and its first solar farm in Poland. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Savyata Mishra in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Brendan McDermidSept 20 (Reuters) - Amazon.com-backed (AMZN.O) Infinium said on Tuesday it will supply low-carbon electrofuels for the e-commerce giant's trucking fleet starting next year. Infinium's supply of electrofuels — a fossil-based fuel alternative created with carbon waste and renewable power — will reduce Amazon's carbon emissions for roughly 5 million miles of travel per year, it said. The tech giant said it plans to initially use the electrofuels in trucks in its middle-mile fleet in Southern California. Amazon invested in Infinium, a renewable electrofuels solution provider, in 2021. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chavi Mehta in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

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