Trump tells Walmart to ‘eat the tariffs’ instead of raising prices Politics US president Donald Trump said on Saturday that Walmart should “eat the tariffs” instead of blaming duties imposed by his administration on imported goods for the retailer’s increased prices. His comments were in response to the world’s largest retailer saying this week it would have to start raising prices later this month due to high tariffs. “Walmart [...]
Tesla and Apple shares surge as US markets rally on trade deal Markets Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]
Amazon arms UK warehouses with its new robot ‘Vulcan’ Tech Amazon has unveiled its most advanced robot to date – a machine that can sense touch – in a move aimed to alter how its warehouses are staffed and operated. The robot, dubbed Vulcan, was announced today at Amazon’s ‘Delivering the Future’ event in Dortmund, Germany. It is designed to replicate one of the most [...]
Amazon row proves Trump’s America is an unreliable partner for business May 5, 2025 Trump’s overreaction to an unconfirmed story about Amazon including the cost of tariffs on its price labels businesses must now navigate a landscape where loyalty to the President matters more than logic, says Eliot Wilson It started with Punchbowl News. On Tuesday last week, as Donald Trump was marking 100 days in office, the Capitol [...]
Bezos takes on Musk as Amazon launches Starlink rival April 29, 2025 Amazon has launched 27 satellites for Project Kuiper, its long-planned broadband network designed to rival Elon Musk’s Starlink. The satellites lifted off aboard a United Launch Alliance (ULA) rocket from Florida last night, after an earlier attempt was postponed due to bad weather conditions. The launch marks the beginning of Amazon’s deployment of over 3,200 [...]
Retail bosses warn of dumping from Chinese firms into Europe April 14, 2025 UK retail bosses have warned that Trump’s tariffs will cause low-quality goods to be dumped into Europe from China via distributor sites like Amazon. Unable to sell competitively in the US due to US President Donald Trump’s 104 per cent tariffs on goods from China, as well as his decision to end the de minimis [...]
Workers rights: Don’t let ‘rogue’ firms undercut good employers, MPs urge March 3, 2025 Changes to the government’s workers’ rights package should be made to ensure “rogue firms” don’t undercut Britain’s best employers, MPs have urged. The Employment Rights Bill, which is currently making its way through Parliament, should have loopholes closed to avoid some companies exploiting work insecurity, the House of Commons Business and Trade Committee (BTC) has [...]
Google ‘profiting from crime’ says Spanish football boss Tebas February 27, 2025 Spanish football league LaLiga says it has taken legal action against Google over the piracy of its media rights, accusing the tech giant of cooperating with and profiting from crime. LaLiga president Javier Tebas said Google housed urls and apps which offer pirated broadcasts of its matches and allowed criminals to make money from the [...]
Premier League ‘would need 12m UK subscribers to justify Premflix’ February 26, 2025 The Premier League has been told it would need more than 12m UK subscribers paying £20 a month to justify launching its own streaming service, dubbed “Premflix”. English football’s top division generates around £3.5bn a year from selling its media rights, with around half of that coming from its UK deals with Sky and TNT [...]
Sky accuses Amazon of failing to prevent piracy on Fire Sticks February 26, 2025 Sky has accused Amazon of not doing enough to prevent the piracy of its sports rights via “jailbroken” Fire Sticks. Sky’s group chief operating officer Nick Herm said that illegal viewing of its subscription content, which includes Premier League football, Formula 1 and boxing, was costing “hundreds of millions of dollars” and that “about half” [...]