India’s Reliance to woo Amazon with $20bn retail stake September 10, 2020 Indian digital giant Reliance is said to be considering offering Amazon a $20bn stake in its retail arm, as it tries to recruit more major tech brass to its roster of backers. Reliance is willing to sell a stake of up to 40 per cent in its retail business to the e-commerce giant, a person [...]
Amazon beefs up UK team for delivery robot Scout September 8, 2020 Amazon has today revealed a boost to its UK research and development arm with the creation of a new team dedicated to Scout, the e-commerce giant’s on-street delivery robot. Amazon said it would be hiring for more engineers to develop its fully-electric and autonomous delivery robot, based at its Cambridge research and development hub. The [...]
The D.A.R.E. Podcast – Successful Mindset Series – is now ‘in partnership with City A.M.’ March 12, 2024 The D.A.R.E. Podcast, after recently launching earlier this year, has now agreed to a partnership with City A.M.
CMA clears Amazon’s £442m Deliveroo stake despite delivery firm’s coronavirus turnaround June 24, 2020 Britain’s competition watchdog has provisionally cleared Amazon’s £442m investment in Deliveroo, saying that it is “not likely to result in a substantial lessening of competition”. The Competition and Markets Authority has been looking into whether the deal would damage competition in either restaurant delivery or online convenience grocery delivery. The decision to let the investment [...]
How to help save the rainforest in Peru while you travel July 22, 2024 The air is thick under the humid rainforest canopy in Peru’s Amazonian basin. Insects hum and the squawks of circling macaws echo through the trees. I’m silently crouching on the forest floor when the rainforest ambience is briefly interrupted by gasps as a large tarantula leaps out of a hole and darts toward me. It’s [...]
Tesco introduces free delivery as it prepares to confront Amazon August 16, 2020 Tesco will introduce free delivery in its latest bid to head off Amazon’s attempt to muscle in on the British grocery market. Tesco boss Dave Lewis today told the Sunday Telegraph that the supermarket will add free delivery to its Clubcard Plus loyalty scheme. It comes after the technology giant announced last month it would [...]
FTSE 100 close: London markets flat as WPP shares slide on tumbling profits August 4, 2023 FTSE 100 was flat on Friday ending the week in subdued fashion, as advertising giant WPP’s tumbling profits led to its share price sliding. London’s flagship index was hovering between being up and dipping into the red throughout the day, and finished up at the close by almost half of one per cent. Meanwhile the [...]
Amazon Prime Day piles pressure on retailers ahead of Christmas trading period October 13, 2020 Amazon Prime Day has launched today, kicking off the crucial Christmas trading period and piling the pressure on retailers to keep up with online discounting. The Amazon sale, which will see the e-commerce giant slash prices on 13 and 14 October, was postponed from July, bringing it closer to the Black Friday discounting bonanza and [...]
Global markets spiral as US recession fears solidify August 2, 2024 Markets have begun to fear the worst about a slowdown, or even recession, in the US, sending stocks tumbling across the world.
George Osborne to chair Italian investment firm Lingotto May 15, 2023 Lingotto Investment Management, backed by Italy's Agnelli family, has hired former Chancellor George Osborne and veteran fund manager James Anderson, the firm revealed on Monday.