The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is
helped him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions at one of america s biggest employers is sure to capture headlines and set up a robust argument about worker protections. now, for its part, amazon has been criticised for the conditions its warehouse workers face in facilities all over the world. it s already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionise its workforce. now, in response to mr sanders letter, amazon strongly disagrees. it says it has been able to reduce injuries across their us operation, and has invested more than $1 billion into safety initiatives over the last four years. meanwhile, indian prime minister narendra modi has arrived in the united states for a state visit. he earlier chatted with tesla s boss elon musk in new york, who said the ev maker will try to be in india very soon.
in america. his promise to create a national health system helped him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions at one of america s biggest employers sure to capture headlines and set up a robust argument about worker protections. now, for its part, amazon has been criticised for the conditions its warehouse workers face in facilities all over the world. it is already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionise its workforce. now, in response to mr sanders s letter, amazon strongly disagrees. it says it has been able to reduce injuries across the us operation and has invested more than $1 billion into safety initiatives over the last four years. meanwhile, indian prime minister narendra modi has arrived in the united states for a state visit. he had earlier chatted with tesla s boss elon musk in new york
america. his promise to create a national health system help him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions and one of america s biggest employers issuer to capture headlines and set up a robust argument about worker protections. for its part amazon has been criticised for the conditions is warehouse workers face in facilities all over the world. it s already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionis? its workforce. now in response to mr sanders letter amazon strongly disagrees photo it says it has been able to reduce injuries across the us operation and has invested more than $1 billion into safety initiatives over the last four years. initiatives over the last four ears. ~ . ., years. meanwhile, indian prime minister narendra years. meanwhile, indian prime minister narendra modi - years. meanwhile, i
on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the chip maker shocked analysts by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. the hardware made by nvidia underpins most ai applications today with one report suggesting it has