Business

Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon

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(Reuters) - Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years…

Exclusive: Zoom plans to roll out strong encryption for paying customers

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SAN FRANCISCO (Reuters) - Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday. FILE PHOTO: Small toy figures are seen in front of diplayed Zoom logo in this…

U.S. pipeline operator Energy Transfer warns of coming job cuts

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FILE PHOTO: Construction work continues on Sunoco's Mariner East II natural gas pipeline near Morgantown in Chester County, Pennsylvania, August 1, 2017. REUTERS/Charles Mostoller/File Photo(Reuters) - U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the…

Canadian Transportation Agency overwhelmed by 2-year backlog of air passenger complaints

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The Canadian Transportation Agency is wrestling with a backlog of nearly 14,000 air passenger complaints accumulated over the past two years, at the same time as thousands of Canadians are demanding the agency help get their money back from flights cancelled due to the COVID-19 pandemic. More than half of the 26,000 complaints submitted to…