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Amazon suffers tech crash, strikes on Prime Day

Bloomberg Amazon.com kicked off its big Prime Day sales promotion with technical glitches on its website and app, threatening its 36-hour sales extravaganza. Trouble on the site spiked just as the event began at 3 pm Eastern time, but declined significantly within a couple of hours, according to Downdetector.com, which monitors web trouble. Shoppers were expected to spend $3.4 billion ...

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‘Prime’ price hike not dented membership

Bloomberg Amazon.com Inc.’s increase earlier this year to the price of Prime membership hasn’t blunted momentum for the popular subscription program that boasts more than 100 million global members, a company executive said. “We continue to see the same trends” since the price hike — to $119 a year from $99 — was announced in April, Amazon Prime VP Cem ...

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UK unveils ‘Tempest’ fighter jet model for post-Brexit era

Bloomberg UK Defence Secretary Gavin Williamson unveiled a full-sized model of a new fighter plane at the Farnborough air show in a bid to show that the nation plans to remain a leading military power after Brexit. Williamson announced $2.6 billion of government funding for a concept aircraft through 2025, when a final decision would be taken on the programme’s ...

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