Amazon to pass on UK digital tax to sellers in fees hike August 5, 2020 Amazon is to increase seller fees next month, saying it will no longer absorb the UK’s digital services tax after talks with the government failed to progress. The e-commerce giant said it had taken on the impact of the digital services tax — a two per cent levy on the firm’s annual revenues — since [...]
That’s one in the bag! UK foodtech scale-up lists in… London February 1, 2024 Low-sodium salt manufacturer Microsalt will make its debut on the London Stock Exchange’s AIM market this morning using the ticker SALT.
Workday to invest £550m in Britain to cement it as tech ‘superpower’ May 15, 2024 US software giant Workday has announced plans to invest more than £550m in the UK over the next three years.
US income gap widens between staff and management as executives report record earnings April 4, 2022 The US income gap between staff and management has widened this year, after executives reported record earnings over the last 12 months. According to information supplier ISS Company Options, more than half of S&P companies, the median pay for a chief executive went up from $13.5m in 2020 to$14.2m last year, the Financial Times reported. [...]
Klarna offloads London entrepreneur’s shopping tech after just three years April 30, 2024 Fintech firm Klarna has sold assets in virtual shopping business Hero to Swedish video commerce platform Bambuser for around £1.1m just three years after buying the entire company for a reported £137m.
Dr Martens sues Temu over use of trademark on Google search April 14, 2024 Dr Martens filed the legal action against Temu filed at the High Court last week over alleged trademark infringements.
Stunning comeback: Lula da Silva seizes power in Brazil after ruthless election October 31, 2022 Luiz Inacio Lula da Silva will become Brazil’s next head of state, giving the leftist former president another shot at power in a rejection of incumbent Jair Bolsonaro’s far-right politics. Da Silva received 50.9 per cent of the vote and Mr Bolsonaro 49.1 per cent, according to the country’s election authority. Yet hours after the [...]
UK lags behind US in predicted consumer spending this Christmas November 2, 2023 A report has shown emerging trends that UK retailers will be struggling this festive season, despite beliefs black Friday will boost revenues.
Amazon to create 3,500 new jobs as it plots return to office August 18, 2020 Amazon today unveiled plans to create 3,500 new jobs as it gears up to return to office life with an expanded physical presence across the US. The new corporate jobs will be based in the ecommerce giant’s tech hubs in Dallas, Detroit, Denver, New York, Phoenix and San Diego. Amazon said it plans to invest [...]
Amazon chief to oversee government website overhaul June 21, 2020 The government has reportedly recruited Amazon’s UK chief executive Doug Gurr to oversee upgrades to the gov.uk website, as millions flock online for support services during the coronavirus crisis. Gurr, who last week announced he is stepping down from Amazon after four years at the helm, will take a temporary role as an adviser to [...]