Amazon earnings: What to expect amid a record-breaking tech boom February 1, 2021 Amazon enjoyed a stellar 2020, so all eyes will be on the ecommerce giant tomorrow night as it reports earnings for the final quarter of the year. Apple last week kicked off tech earnings season with bumper revenue of $111.4 (£81.5bn) — its best ever quarter, while Facebook also beat expectations. Amazon is also expected [...]
It took Big Tech firms just six days to pay off $2bn in fines, new data shows August 30, 2023 Big Tech firms paid over $2bn (£1.6bn) in fines this year. But new data shows it took them just over six days to pay them off.
Amazon to launch Prime Video on Sky ‘in time for Christmas’ December 14, 2020 The Amazon Prime Video app will launch on Sky Q, Sky Ticket and NOW TV devices from 14 December – just in time for Christmas. The news follows a new multi-year partnership agreement between the two companies, which brings Sky services to Amazon devices and vice versa. The move is the latest example of aggregation from [...]
Amazon-owned Zoox reveals first autonomous ‘robotaxi’ December 15, 2020 Zoox inc., a self-driving car company, revealed the first fully functional, electric robotaxi yesterday.
Boots owner WBA appoints former Amazon director as new CEO January 27, 2021 The owner of Boots will strengthen its team in March with the appointment of a business powerhouse as the new CEO and adding a new executive chairman to its board. Previously chief operating officer of Starbucks Rosalind Brewer will join Walgreens Boots Alliance (WBA) as chief executive officer. Brewer, a former Amazon director, was the [...]
UK supermarket chiefs call for online sales tax on firms like Amazon February 8, 2021 Some of the UK’s largest retailers, including Tesco and Asda, have called for Rishi Sunak to “rebalance the tax base” between online and bricks and mortar retail in an apparent push for a new digital sales levy on firms like Amazon. In a letter to Sunak, 18 chief executives and union bosses said “online retailers [...]
CMA gives Amazon’s Deliveroo investment the all-clear August 4, 2020 The Competition and Markets Authority (CMA) has officially cleared Amazon’s 16 per cent stake in food delivery startup Deliveroo, after a lengthy investigation process. The watchdog awarded the deal initial clearance in April on the basis that Deliveroo could go out of business without the Amazon investment, but later changed its methodology to just focus [...]
Amazon hit with class-action lawsuit over ebook price-fixing January 15, 2021 Amazon has been slapped with a class-action lawsuit over accusations it colluded with publishers to fix ebook prices. The lawsuit, filed in a New York district court, alleges that Amazon and the so-called Big Five publishers — Penguin Random House, Hachette, Harper Collins, Macmillan and Simon & Schuster — agreed to price restraints that cause [...]
New Amazon chief needs to think about his company’s role in society February 5, 2021 Amazon’s recent financial report saw it hit another huge milestone, delivering its largest quarter by revenue of all time at $125.56 billion – reaching the $100 billion mark for the first time. This success has much to do with founder Jeff Bezos’s relentless focus on the customer and their unchanging needs: value, choice and convenience. [...]
UK taxpayer faces £200m loss from bailout of Oneweb December 27, 2023 The UK taxpayer faces a £200m loss from the government's decision to bailout satellite-internet company Oneweb.