After a strong acceleration in logistics, Amazon is reportedly backtracking by looking to terminate its leases or sublet 12 of its largest U.S. units in parallel with labor union accusations against the company.
Amazon.com will face a shareholder vote calling for an independent audit of its treatment of warehouse workers after the top U.S. securities regulator turned down the company's request to skip the resolution.
A Delhi court has halted arbitration proceedings between India's Future Group and its estranged U.S. partner Amazon in light of the national antitrust agency's suspension of a 2019 deal between the two sides.
Future Retail has asked an Indian court to declare arbitration proceedings in Singapore with Amazon as illegal, arguing that India's antitrust agency had suspended a 2019 deal used by Amazon to assert rights over Future.
Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to "further restrict competition."