A petition urging online retail giant Amazon to “pay their fair share of tax in the UK” has reached 100,000 signatures. Amazon, along with several other major corporations including Google and Starbucks, has been accused of diverting millions of pounds of its profits abroad in order to avoid paying British corporation tax.

Posted by Ryan Legge

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Online retail giant Amazon has announced that it will be introducing a new virtual currency, in the form of “Coins”, to its Kindle store. This virtual currency, which will be released in the United States first, will be usable for purchasing games, app and add-ons for its apps. The system will be optional, with users able to purchase apps and games by using either their credit cards or the new Coin system.

Posted by Ryan Legge

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In a move likely to set a precedent for peak trading, the world’s largest online retailer has bought forward its Boxing Day sale to Christmas Day as it looks to cash in on the rise of Kindles, iPads and other e-readers. As online sales on Christmas Day rose 263 per cent in the last five years, Amazon said it found a large number of customers looking to download content or add gadgets to e-readers and tablets they had been given as presents.

Posted by Ava Szajna

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Pricing restrictions imposed on e-books are to be loosened after European regulators ended an antitrust probe yesterday.

Posted by Kirsty Simmonds

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Amazon has launched its first online store in Brazil as the retailer looks to capitalise from a recent e-commerce boom in the region.

Posted by Kirsty Simmonds

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Amazon.com Inc reported on its first quarterly net loss since 2003, as the company fought a battle on multiple fronts to stay afloat amid Europe’s economic slowdown. Heavy investment in its e-reader technology, an impairment charge for Amazon’s Living Social and a weak consumer confidence across its key markets left Amazon with third-quarter net loss of USD 274 million, or 60 cents a share.

Posted by Ava Szajna

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Kindle owners can expect to receive refunds on past e-book purchases, as well as a drop in prices for e-books currently available on Amazon, if a judge approves legal settlements with publishers accused of fixing prices. In an email to Kindle owners on Saturday, Amazon told customers they could receive a refund of between 30 cents and USD 1.32 for e-books purchased between April 2010 and May 2012.

Posted by Ava Szajna

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Apple's iPad Apple hasn’t even confirmed plans to launch a smaller tablet, but reports of orders reaching 10 million for smaller iPads already has the tech industry in a spin. According to the Wall Street Journal, component suppliers to Apple in Asia have said they received orders to make more than 10 million units of the smaller tablets in the fourth quarter.

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The world’s largest internet retailer will create more than 2,000 permanent jobs in the UK over the next two years, as it adds a handful of new depots to its distribution operation. On Thursday, Amazon officially opened its new distribution centre in Hemel Hempstead, providing 600 of the new positions available.

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After launching its downloadable books service in August 2010, Amazon.co.uk now sells 114 Kindle titles for every 100 print books. In a statement to press, the internet retail giant said the figures include both hardback and paperback but not Kindle titles that are available for free.

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