Bitcoin surges as Amazon dips its crypto toe and Elon Musk mulls return July 26, 2021 When a simple job ad appears to spark resurgence in the value of Bitcoin, it shows how the crypto world is salivating for every nugget of news about the future use case for digital currencies. Although Amazon has scores of openings for blockchain specialists, it was the listing for a digital currency and blockchain product lead that has [...]
Amazon wins €250m in EU back tax battle May 12, 2021 In a fight over back taxes, Amazon will not have to pay €250m to the city of Luxembourg, Europe’s second-highest court heard today. The General Court said that the online retail giant had not received a selective advantage. “The Commission did not prove to the requisite legal standard that there was an undue reduction of [...]
Stream it like a Royal: After Harry and Meghan sign a deal with Netflix, Prince Charles joins Amazon Prime September 26, 2021 Following the deal that Prince Harry and his wife Meghan signed with Netflix, his father, Prince Charles, has launched a new television channel on Amazon Prime focusing on climate change. The channel, named RE:TV, will also feature a direct plea from Charles to “act now” in addressing issues facing the future of the planet. RE:TV [...]
Facebook and Amazon are losing the antitrust argument but are gambling on America’s broken politics to save them July 19, 2021 In recent weeks, Amazon and then Facebook launched legal challenges against Lina Khan, the new Chair of America’s antitrust regulator, the Federal Trade Commission. Both argued that Khan should step aside in any future investigation into competitive practices and any possible pursuit of a Big Tech breakup. Rather than offering much criticism of the content of [...]
$61bn push for supply chain control: Amazon builds 10,000 containers as it charters long-haul planes and private cargo ships December 6, 2021 E-commerce Amazon remains largely unaffected by the global supply chain crisis as it is increasingly taking control of the entire supply chain. The company is building its own containers, and has “quietly” been hiring long-haul planes as well as private cargo ships, according to a CNBC report this weekend. Its 53-foot containers are manufactured in [...]
Stage and stream: Amazon inks broadcast deal for National Theatre productions May 25, 2021 Amazon Prime has inked a deal to stream four productions filmed by the National Theatre this summer, including the original stage version of Phoebe Waller-Bridge’s Fleabag. The tie-up will also include Frankenstein, directed by Danny Boyle and starring Benedict Cumberbatch, and Hamlet, which also features the Sherlock star, filmed at the Barbican in 2015. Amazon [...]
Arsenal to follow rivals Tottenham by featuring in Amazon All or Nothing behind-the-scenes documentary July 9, 2021 Arsenal are to become the latest club to get the Amazon documentary treatment after agreeing to let cameras follow them next season. The Gunners are the third Premier League team to feature in the All Or Nothing series, after north London rivals Tottenham Hotspur and current champions Manchester Cit. “Arsenal is a historic club going [...]
UK small businesses rack up £3.5bn in Amazon export sales July 7, 2021 Small and medium-sized British businesses selling on Amazon recorded over £3.5bn in export sales last year, according to figures released by the tech giant. Amazon said more than 14,000 UK SMEs surpassed £100,000 in sales in 2020, while over 1,000 reached £1m in sales for the first time. The top five categories in which customers [...]
Amazon says sorry after telling London fishmonger to drop ‘prime day’ promo July 4, 2021 Amazon has apologised after sending a legal notice to a fishmonger demanding his chain of stores stop advertising “prime day” boat fish. Robin Moxon, who owns four shops and a fish smokery in London, received an email from lawyers acting on behalf of the online retail giant asking for references to “prime day” boat fish [...]
Record $425m: EU’s biggest privacy fine ever looms for Amazon June 10, 2021 A European Union privacy regulator has proposed fining Amazon over $425m (£300m), as part of a process that could yield the biggest penalty yet under the bloc’s privacy law, according to reports. A draft decision sanctioning Amazon’s privacy practices with the proposed fine has been circulated by the CNPD, Luxembourg’s data-protection commission, with the bloc’s [...]