DEBATE: Is it fair to judge entrepreneurs like Amazon’s Jeff Bezos for their philanthropic efforts? September 18, 2018 Is it fair to judge entrepreneurs like Amazon’s Jeff Bezos for their philanthropic efforts? Sarah Turner, managing director of Carter Wong, says YES. We live in a world where the “haves” and “have nots” grow ever further apart. It’s also a world where big brands are waking up to the power of investing in social good [...]
Tech stocks hit as Trump mulls fresh $200bn tariffs on China September 18, 2018 The Trump administration late last night ratcheted up its trade war with China by imposing tariffs on $200bn (£152bn) more of the world’s second largest economy’s goods starting next week. The tariffs will start at 10 per cent, rising to 25 per cent on 1 January, allowing US companies some time to adjust their supply [...]
Amazon launches investigation into claims employees accept bribes for leaked data September 17, 2018 Online retailer Amazon is to conduct an investigation into claims that some of its employees have been accepting bribes for exchanging confidential sales data. The Wall Street Journal reported that employees are allegedly selling information on sales and searches to independent merchants using its platform, as well as deleting negative reviews, with the aim of [...]
Archbishop of Canterbury to lead effort to tackle £400m Wonga bill September 15, 2018 The archbishop of Canterbury Justin Welby is to lead an effort to pay for the £400m loan bill left by Wonga after the payday loan provider collapsed last month. The Guardian reported that Welby will meet investors and charitable foundations at Lambeth Palace next week to co-ordinate an effort to rescue around 200,000 customers who are faced [...]
Church of England will keep Amazon shares despite Archbishop criticism September 14, 2018 The Church of England will hold onto its Amazon stock even after the Archbishop of Canterbury accused the online retail behemoth of “leeching off the taxpayer”. Church commissioners disclosed that Amazon was one of the CoE’s 20 most valuable equity holdings in their annual 2017 report. But they will keep hold of their shares despite [...]
Amazon to open tenth UK fulfilment centre in Doncaster September 2, 2015 Amazon is creating over 300 new jobs as the internet retailer plans to open its tenth fulfilment centre in the UK this autumn. The company has chosen Doncaster as the location for its new 250,000 sq ft warehouse, which will be the second fulfilment centre in the city, as a first one opened in 2010. [...]
Apple said to be exploring original film and TV production for Apple TV, going up against Netflix and Amazon Prime September 1, 2015 Netflix, look out – it looks like Apple might finally be making the leap from tech to entertainment, as rumours grow that the Cupertino tech giant is looking to produce original movies and TV shows. The company is holding meetings with Hollywood execs to discuss producing original programming for Apple TV, reports Variety. The push [...]
Internet of Things, digital assistant and 3D tablets: Four projects Amazon’s Lab 126 is secretly working on August 27, 2015 They may be laying off “dozens” of engineers, but Amazon’s labs are still working on some pretty interesting projects. After the company’s anticipated “iPhone killer”, the Fire, failed to deliver, it was reported today that engineers will be laid off after Amazon decided to retreat from smartphones – and from several other consumer hardware products. Read [...]
As Amazon lays off engineers, it giving up on smartphones after disappointing Fire sales? August 27, 2015 Remember Fire, Amazon’s first foray into smartphones? Amazon probably wishes it didn’t. The internet retailer is laying off “dozens of engineers” after disappointing sales of its smartphone, released in the UK one year ago, and the company is also curbing parts of its hardware development, the Wall Street Journal has reported. The layoffs were all [...]
Selfie sticks and adult colouring books: Here’s what Londoners buy the most, and where, according to Amazon August 26, 2015 True to form, west Londoners are knocking back the Bolly – while south of the river, residents are sitting back and relaxing with an on-trend adult colouring-in book. These are just some of the most popular items people pop in their shopping baskets across the four corners of the capital – and if you've always [...]