Musk eyes $1bn for startup xAI as he seeks to expand tech empire December 6, 2023 Musk is hoping to raise $1bn (£0.8bn) in equity for his artificial intelligence (AI) model xAI, according to the US securities regulator.
Moving markets: Five things shaping the FTSE 100 today January 29, 2024 Asia markets soar, oil prices rally amidst Middle East tensions; three U.S. soldiers killed in Jordan. Investors eye U.S. Fed, BOE policy decisions and 'FAAMG' earnings.
Federer documentary will capture ‘deeply personal journey’ February 19, 2024 The final two weeks of Roger Federer’s tennis career will become a documentary after the 20-time Grand Slam winner worked with British filmmaker Asif Kapadia on the new Amazon Prime project. Federer, considered one of the greatest players to grace the tennis courts, retired in 2022 and became the first of the Big Three – [...]
Flock: London insurtech partners with FTSE 100 giant Admiral to expand offering June 25, 2024 Motor fleet insurtech Flock has partnered with industry giant Admiral's venture-building business to expand its product range and appeal to a broader customer base.
Just Eat slams watchdog’s approval of Amazon’s £442m investment in Deliveroo May 18, 2020 Just Eat has slammed the competition watchdog’s “U-turn” decision to give the go-ahead to Amazon’s £442m investment in Deliveroo during the coronavirus crisis. The delivery platform, which was bought by Dutch firm Takeaway.com earlier this year, said it was “concerned by the very sudden U-turn in the Competition and Market Authority’s decision making”. The CMA [...]
Toys ‘R’ Us returns to high street with new WH Smith partnership June 1, 2023 Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith. In 2017, the children’s retailers declared bankruptcy after years of rising debt and dwindling sales and the following year it shut all 100 of its UK stores. Its collapse was linked [...]
Red White and Royal Blue director Matthew Lopez on filming ‘tender’ gay sex scenes August 10, 2023 You’re no doubt sick of reading about Barbie and Oppenheimer by now, so we’ve got good news: a new duo of releases are here for you to get excited about. TV series Heartstopper has just dropped its second season on Netflix and so has new Amazon film Red, White & Royal Blue. Unlike Barbenheimer, what [...]
Amazon fined by UK watchdog over late documents in Deliveroo probe September 7, 2020 Amazon has earned a slap on the wrist from UK regulators after it failed to meet a deadline for vital documents, as part of a long-running probe into its stake in Deliveroo. The Competition and Markets Authority (CMA) today fined Amazon £55,000, after it was forced to delay its investigation of Amazon’s purchase of a [...]
Amazon blows past estimates in revenue and profit beat July 30, 2020 Amazon surprised investors as it beat analyst estimates for second-quarter revenue and profit by a long shot, sealing off a strong quarter for the e-commerce retailer. Amazon reported a net income of $5.2bn in the second quarter, or $10.30 per diluted share, doubling its profit from a year earlier of $2.6bn. Analysts had been expecting [...]
Amazon expands Morrisons range as it beefs up grocery deliveries August 19, 2020 Amazon today said it will offer the full range of Morrisons products for delivery as the ecommerce giant ramped up its presence in the UK grocery market. The strengthened deal means Morrisons customers will be able to do their full shop through the main Amazon website. Amazon Prime customers will be offered free same-day delivery [...]