Business

Amazon launches quick and free delivery of essentials in London

Editorial Bureau July 28, 2020

LONDON (UK) – Amazon is all set to begin fast and free delivery of groceries in London on Tuesday. It hopes to extend the service across the UK by the year-end. The e-commerce behemoth said it had added “fresh” service to its UK web portal to supply meat, produce, snacks and

USA

CEOs of 4 large US tech firms to appear for Congressional hearing

Editorial Bureau July 24, 2020

WASHINGTON (US) – In what is seen as a bid to deflect criticism in a Congressional hearing next week regarding the use of market clout to hurt rivals, the CEOS of four large US tech firms have said that they themselves face stiff competition. The CEOs of Facebook, Amazon.com Inc, Google and Apple, are slated […]

Tech

Amazon, Apple come under the scanner of Italian antitrust authority

Editorial Bureau July 22, 2020

MILAN (ITALY) – Italy’s antitrust authority said on Wednesday it has begun a probe to ascertain whether Apple Inc and Amazon Inc engaged in anti-competitive cooperation to sell Apple products and Beats headphones. It said the probe was aimed at finding out if Apple and Amazon had reached an anti-competitive pact to prevent electronics retailers […]

Finance

Deutsche Bank to enter into multi-year, strategic deal with Google

Editorial Bureau July 7, 2020

FRANKFURT (GERMANY) – In a bid to gain access to cloud services and usher in innovation in tech-based financial products for its customers, Deutsche Bank is all set to enter into a strategic, multi-year tie-up with Google, it said on Tuesday. Deutsche had invited bids from Google, Amazon and Microsoft earlier this year year to […]

Business

Shoe counterfeiting issue pushes Amazon and Valentino to file joint lawsuit

Ren Leen June 19, 2020

MILAN (ITALY) – Italian luxury brand Valentino and Internet giant Amazon have together filed a lawsuit against New York-based Kaitlyn Pan Group for allegedly selling counterfeit Valentino shoes. This is Amazon’s first joint litigation with a luxury fashion brand and Valentino’s first with an online retailer. The lawsuit regards the Valentino Garavani

Europe

EU ready to go ahead with taxation of digital firms: Gentiloni

Ren Leen June 18, 2020

BRUSSELS (BELGIUM) – The European Union is ready to go ahead with taxing digital services of firms like Google, Amazon, Facebook or Apple even if there is no global deal on such a tax this year, European Economic Commissioner Paolo Gentiloni said on Thursday. He was responding to the decision by the United States to […]

Tech

‘Distance Assistant’ to enforce social distancing in Amazon facilities

Editorial Bureau June 16, 2020

WASHINGTON DC (US) – Amazon.com Inc said on Tuesday it launched a technology-aided system in some of its facilities to maintain social distancing, called ‘Distance Assistant’. The system applies artificial intelligence and machine learning to the camera footage in buildings to help identify high-traffic areas and implement additional measures to improve

Tech

Adyen adds Amazon Pay to its offering

Editorial Bureau June 16, 2020

AMSTERDAM (The Netherlands) – Holland-based online payments firm Adyen on Tuesday said it had added Amazon Pay to its range of payment options. Adyen, which handles the online payments backend for Facebook and Uber, said it would support Amazon Pay in countries such as the United Kingdom, Germany, the Netherlands, France, Italy and Spain. (Photos […]

Business

Amazon’s business practices examined by two U.S. states: reports

Ren Leen June 13, 2020

(Business) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. The inquiries focus at least in part on how Amazon treats sellers in its online marketplace, the Wall Street Journal and the New York Times reported on Friday. Amazon declined to comment

Tech

Amazon’s Bezos invests in digital freight forwarder Beacon

Editorial Bureau June 1, 2020

(Technology) – Amazon’s CEO Jeff Bezos picked British startup Beacon for his latest investment. The digital freight forwarder, on Sunday, announced that over $15 million has been raised by them in Series A fundraising. Investors included Amazon’s Jeff Bezos along with venture capital firm 8VC. Beacon was formed two years ago by two ex-Uber executives […]