Amazon (AMZN) reaches $900bn market cap milestone in a race with Apple (AAPL) to become the first trillion-dollar company | City A.M. July 18, 2018 Tech giant Amazon briefly broke past the $900bn (£689.7bn) market value mark today, making it the second company ever to reach the milestone. The company hit $902bn in a session high earlier today, after its share price rose 0.8 per cent at $1,858.88. Apple is the only other company to be valued above that mark, [...]
DEBATE: Is the Tesco boss right to call for slashed business rates and an online tax to save the high street? May 15, 2019 Is the Tesco boss right to call for slashed business rates and an online tax to save the high street? Robert Palmer, executive director of Tax Justice UK, says YES. Tesco’s Dave Lewis is right: the way we tax high street shops and online firms isn’t working. The tax system benefits companies like Amazon and Google, [...]
Berlusconi’s Mediaset approves merger despite backlash from shareholder Vivendi September 4, 2019 Mediaset, the media empire controlled by former Italian prime minister Silvio Berlusconi, will merge its businesses into a pan-European powerhouse after fending off a shareholder revolt. The broadcaster will combine its operations in Italy and Spain into a Dutch-listed holding company called Media for Europe as it looks to take on streaming rivals such as [...]
Amazon plates up sponsorship to Great British Bake Off March 29, 2018 Amazon announced today that it signed on as The Great British Bake Off’s headline sponsor this year. The deal is reportedly worth £5m — one of the largest sponsorships in UK entertainment history — and the show’s ninth season will bake in the capabilities of virtual assistant Alexa as well as the Echo smart speakers. [...]
Softbank suffers £380m writedown in Oneweb stake August 18, 2019 Softbank is said to have written down its stake in Oneweb by £380m as the British satellite company contends with the sky-high costs of its planned launches. Oneweb has burned through billions of pounds as it looks to create a network of satellites providing high-speed broadband across the globe. Read more: Oneweb lands $1.25bn in [...]
City firms must prove their responsible business credentials to attract top talent November 4, 2019 Brexit has been top of the agenda for many City firms, but there is so much more that they should be thinking about. When I speak to young City workers at the start of their careers, they want to know that their employers are standing up and making a positive difference. They want to work [...]
Trade war intensifies as US and China start latest round of tariffs September 1, 2019 The US and China have slapped new tariffs on each other’s goods today, ratcheting up trade war tensions after a turbulent 12 months for global markets. A fresh round of tit-for-tat tariffs have come into effect this morning, with the world’s two largest economies implementing new taxes on imports amid a diplomatic standoff. Read more: [...]
Women are starting businesses and buying their own drones October 18, 2019 I don’t find stereotypes pegged to each generation particularly helpful. They’re usually philosophical, vague, or a bit rude. Sure, “the millennials”, my generation, tend to job-hop a bit, but the labour market is much more flexible than it used to be. And apparently we complain too much – but if our parents and grandparents had [...]
Qualcomm braced for second EU antitrust fine July 18, 2019 US chipmaker Qualcomm is said to be facing a second fine from EU competition regulators for blocking a rival from the market more than a decade ago. The EU competition commission opened a probe into the company in 2015 for its alleged use of “predatory pricing” designed to force out UK rival Icera between 2009 [...]
EU antitrust chiefs urged to crack down on Google’s job search August 13, 2019 A group of almost two-dozen European job sites have heaped pressure on Google for allegedly using its search engine to unfairly favour its own results. In a letter sent to EU antitrust regulators, 23 online job search sites said that Google’s own jobs search, which launched last year, had stolen some of their market share. [...]