Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Amazon will be paying up to $1,000 to customers who purchased what were said to be “dangerous” items on its site but were sold by third-party sellers. It was said that the e-commerce company is changing its return policies and will instead pay the customers for the products that caused injury or damage.
According to CNN Business, Amazon stated on Tuesday, Aug. 10, that it will first deal with customers’ complaints then will go after the third-party sellers that are not willing to compensate qualified claims of the buyers or if they are unresponsive to dissatisfaction claims. Jeff Bezos’ company announced that it will start implementing the changes on Sept. 1, and this is applicable to all the items sold on its Amazon e-commerce platform.
It was said that this new process will be saving both the sellers' and buyers' time, money, and effort. The new policy will change the process of returns where the customers directly contact the sellers if there are issues with their purchase. Now they have to contact Amazon’s customer service that will, in turn, notify the seller about the problem.
The company will address the customer’s complaint and pay compensation by itself if the seller doesn’t respond. Later, Amazon will separately go after the seller. In case the seller
Finally, if the seller doesn't respond, Amazon said it will "address the immediate customer concern, bear the cost ourselves, and separately pursue the seller." If the seller refuses to acknowledge the claim, the company may decide to pay the buyer up to $1,000.
“We are extending our A-to-z Guarantee to protect customers in the unlikely event a defective product sold through Amazon.com causes property damage or personal injury - regardless of who sells it,” the company wrote on a blog post. “Now, in the unlikely event a defective product sold through Amazon.com causes property damage or personal injury, Amazon will directly pay customers for claims under $1,000 which account for more than 80% of cases - at no cost to sellers, and may step in to pay claims for higher amounts if the seller is unresponsive or rejects a claim we believe to be valid.”
