EU targets Amazon in e-commerce antitrust probe July 17, 2019 Amazon is the subject of the EU’s latest antitrust probe, with the European Commission accusing the tech giant of abusing its dominance in e-commerce. The investigation, which began today, could see CEO Jeff Bezos’ retail behemoth lumped with a multi-billion dollar fine similar to other penalties issued to tech giant Google. Commissioner Margrethe Vestager said: “European consumers [...]
What’s On In London In April 2024 March 27, 2024 Spring has officially sprung in London, and while the weather is taking a little while to reflect it, Central London Alliance has pulled together a wide variety of exhibitions, shows and experiences to enjoy in the capital. Take in some of the West End’s most anticipated musical runs with a London newcomer like Hadestown, or [...]
New York Times’ pursuit of subscribers over profit buys into a Big Tech delusion February 4, 2022 Those five, elusive letters. Only when I have found them can my day begin. Alas, they may soon become more elusive still. This week, the New York Times bought Wordle for an undisclosed, seven-figure fee. Ominously, the “Gray Lady” has promised only that Wordle will “initially remain free”. The New York Times has been unusually [...]
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
Exclusive sitdown: Inflation is forcing advertisers to make some tough choices, warns Ebiquity’s boss January 10, 2023 As inflation hit the highest levels in decades in the UK last year, and across large parts of the world, and the cost of living crisis is eating up the household budgets of millions of Brits, many industries are increasingly suffering. That won’t be any different in 2023 and the advertising space is no exception. [...]
EU set to open antitrust probe into Facebook’s classified ads business May 26, 2021 The EU is said to be on the brink of opening a formal antitrust investigation into Facebook following complaints from rivals about the platform’s classified ads business. Regulators have already sent questions to Facebook and its competitors asking whether the social media site distorted the classified ads market by promoting its Marketplace services for free [...]
A third of gig economy couriers and delivery drivers have no savings June 9, 2021 Around 30 per cent of gig economy drivers, riders and couriers across Europe had no savings in the first half of 2021. Almost half of the 10,000 workers surveyed had experienced a claimable event such as an accident. Of these, only 12 per cent had actually made a claim and 69 per cent had a [...]
SpaceX and Nasa launch astronauts in recycled rocket April 23, 2021 SpaceX and Nasa have teamed up yet again to launch four astronauts into space onboard a recycled rocket. In a landmark flight, it is the first time a rocket from a previous flight has been re-launched into space successfully. Currently on-route to the International Space Station, the Crew-2 mission is the third trip SpaceX has [...]
Best of 2021: Nomadland was the Best Picture winner for a reason January 1, 2022 Sometimes, being an Oscar favourite can be a set back for a movie. The branding of best picture implies that it must be all things to all people, leaving an inevitable disappointment in some when they find a movie that isn’t to their taste. This year is a bit different, with the nominees generally being [...]
ii view: Sales boom at Amazon, but so do costs July 26, 2019 By Keith Bowman from interactive investor. Rising costs and disappointing profits overshadow further sales growth at the online retailer. Second-quarter results to 30 June 2019 Net sales up 20 per cent to $63.4 Operating income up 3.3 per cent to $3.1 billion Diluted earnings per share up 3 per cent to $5.22 Chief executive Jeff Bezos said: “Customers [...]