Screenshot: Will Tim Davie win the generation game? October 30, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: A sorry soy saga ** Tim Davie and the BBC’s tug of war ** The tech titans’ tumultuous year Media Moment of the Week This week it’s another [...]
Apple boss Tim Cook calls for overhaul of corporate tax system January 20, 2020 Apple chief executive Tim Cook has acknowledged that the global corporate tax system needs to be overhauled, adding he was optimistic that upcoming reform would be fair. Tech giants such as Apple have come under increased scrutiny over their tax practices amid concerns they are dodging their liabilities by booking profit in low-tax countries. This [...]
Deutsche Bank and Morgan Stanley to join the wave of institutions entering the Crypto fray. It begs the question – when $50,000 for Bitcoin? February 15, 2021 Crypto at a Glance It was an eventful weekend in the markets, though one characterised primarily by near misses. Bitcoin came within a nose hair of $50,000, Ethereum still hasn’t quite made it over the $2,000 line, and Cardano is yet to hit that dollar mark. The total market cap of all crypto markets did [...]
Warner Media names Hulu co-founder Jason Kilar as new chief executive April 1, 2020 Warner Media today said it has appointed veteran media boss Jason Kilar as its new chief executive. Kilar, a former Amazon executive and founding chief executive of streaming service Hulu, will take over the top role from 1 May. He replaces John Stankey, who in September was promoted to chief operating officer of parent company [...]
Governments commit to tech tax despite Trump threats December 4, 2019 Governments around the world have reiterated their plans to implement a tax on tech giants, despite threats of retaliation by the US. Canada, Austria and Indonesia are among those to join the UK in reaffirming a commitment to a tax on US tech companies such as Amazon, Facebook and Google. Read more: British tech tax [...]
Amazon reportedly planning 3,000 cashierless convenience stores September 20, 2018 Online retail giant Amazon is reportedly planning to open 3,000 cashierless stores over the next few years as it bulks up its bricks-and-mortar retail presence. Amazon could aggressively expand its Amazon Go brand with plans to open 10 locations by the end of this year, according to Bloomberg, with 50 locations in major cities by [...]
Amazon reportedly planning 3,000 cashierless convenience stores September 20, 2018 Online retail giant Amazon is reportedly planning to open 3,000 cashierless stores over the next few years as it bulks up its bricks-and-mortar retail presence. Amazon could aggressively expand its Amazon Go brand with plans to open 10 locations by the end of this year, according to Bloomberg, with 50 locations in major cities by [...]
Apple, Google and Amazon top list of world’s most valuable brands October 4, 2018 Tech giants Apple, Google and Amazon have topped a list of the most valuable brands in the world in an influential study. British car company Jaguar Land Rover came in at 78th on the 100-strong list, while Burberry snatched 94th place and whisky maker Johnnie Walker took 97th. Spotify made its debut on Interbrand's list, [...]
Waterstones acquires Foyles bookshops as it squares up to Amazon September 7, 2018 Waterstones has announced the acquisition of the Foyles bookshops, saying the combined business will be stronger in the face of Amazon's "siren call". The 115-year old Foyles has seven shops including four in London, one of which is its large flagship on Charing Cross Road. Waterstones managing director James Daunt said he looked forward to "joining forces" [...]
How better competition policy can restore public trust in capitalism March 6, 2020 Competition policy is not something most people spend much time thinking about. It’s a dry, legalistic area of policy that even elected officials themselves have largely preferred to delegate to technocratic regulators. Yet competition policy is an integral part of the lifeblood of capitalism. At a time when trust in the market economy is under [...]