Streaming giants: Amazon reportedly in talks to buy iconic MGM Studios May 18, 2021 One of the film industry’s most famous studios MGM may be about to be bagged by online retail giant Amazon for £6.35bn, according to reports. The multi-billion-dollar sale would give Amazon’s Prime streaming service access to a back catalogue of iconic content that spans nearly 100 years of film and television since the studio was [...]
GameStop names Amazon veteran as CEO and says it may sell shares June 10, 2021 GameStop has named the head of Amazon’s Australian business as its new CEO and said the struggling videogame retailer may sell new shares. The announcement sent its volatile stock down seven per cent in extended trade and disappointed some of its enthusiastic fanbase of individual investors. In a quarterly report that was stronger than analysts [...]
Amazon, Starbucks and Ikea among retailers demanding new laws against violence in shops July 4, 2021 A total 100 of the UK’s major retailers, including Aldi, Costa and Primark, have called upon the Prime Minister to help tackle escalating abuse and violence against retail workers. In a letter to Boris Johnson, the retailers asked him to support an amendment to the Police, Crime and Sentencing and Courts Bill that they believe [...]
Bezos bets on the barbers: Amazon to open London hair salon April 20, 2021 US tech giant Amazon has announced it will open a huge hair salon across two storeys in London’s Spitalfields. The company said customers will use Amazon technology to trial hair colours and entertainment will be provided by its Fire tablets at the salon in Brushfield Street. Hairdressing and styling will be provided by London salon [...]
What Amazon is doing with French football rights and the clues it offers to its plans for the Premier League July 14, 2021 Amazon is yet to make its widely anticipated big move for Premier League football rights, being content so far to buy up handfuls of live games and bundle them with its Prime Video subscription. But it is a different story in France, where the e-commerce behemoth is embarking on its first season as the main [...]
FTSE 100 today: London markets set to extend record streak on strong global cues April 30, 2024 Asian stocks tracked Wall Street's gains, while Japan's yen held firm after suspected intervention spurred sharp gains. Oil prices dipped amidst Israel-Gaza ceasefire talks, and China's factory activity expanded for the second month. Investor attention was on the upcoming Fed policy decision and earnings reports from Amazon.com and Coca-Cola.
Amazon shares sink as EU hands down record €746m EU data privacy fine July 30, 2021 Amazon has been hit with a record €746m (£635m) fine for breaking EU rules over how it processed customers’ personal data, the tech giant disclosed today. In a regulatory filing Amazon said the Luxembourg National Commission for Data Protection (CNPD) had issued the ruling against it for breaches of EU data protection rules on 16 [...]
Today at COP28: Draft agreement labelled ‘deeply offensive’ December 11, 2023 The phrase "the science is clear" has been repeated and glorified ad infinitum at COP28. But as the summit draws to a close, it appears the world still cannot come to a consensus on the action needed to prevent climate change.
Week in Sportbiz: Is crypto the next big player in sports sponsorship? Plus Extreme E’s Suez near miss and Amazon’s Six Nations interest March 25, 2021 Where US sports lead, others tend to follow, so it was with interest that industry insiders noted developments in Florida this week. Miami Heat’s home is set to be rebranded the FTX Arena after the NBA side struck a naming rights agreement with the cryptocurrency exchange. FTX will pay $135m for the 19-year deal, the [...]
Thousands of websites including Amazon, UPS, HSBC, BA, Airbnb and HBO hit in major global outage July 22, 2021 A major server outage brought down thousands of websites across the UK, US and around the world, including HSBC, Barclays, American Express, Delta Airlines, Tesco Bank, alongside the PlayStation Network, Airbnb and Waitrose, as well as ITV and TSB. British Airways was also down. A message on the BA website read: “Service Unavailable – DNS [...]