Amazon and Tiktok accused of dodging MP scrutiny over online shopping safety Tech Amazon and Tiktok have been accused of dodging parliamentary scrutiny over consumer safety, after MPs raised concerns about the tech giants’ reluctance to appear before a committee hearing next week. Liam Byrne, chair of the Business, Innovation, Science and Trade (BIST) Committee, wrote to senior executives at both companies on Tuesday, warning that their unwillingness [...]
Amazon job cuts hit hundreds as tech giant denies AI link Tech Amazon’s latest round of job cuts will affect hundreds of employees worldwide, City AM understands, as the tech giant continues to restructure its business following nearly 30,000 redundancies. The company confirmed on Wednesday that it was reducing headcount across its Stores division, which oversees its core online retail operations, with employees in the UK, US [...]
Why Liverpool deal proves demand for Premier League stakes is soaring Sport Business There is strong demand for English football stakes, writes Ed Barnett of Latham & Watkins, which advised the Amit Bhatia-led consortium on its acquisition of a minority stake in Liverpool. The recent sale of a stake in Liverpool FC to a consortium of investors led and managed by Amit Bhatia shows the summer’s biggest transfers [...]
Mark Kleinman: Frasers’ touchiness shows importance of Harvey Nicks swoop for Ashley August 21, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. Touched a raw nerve? Michael Murray, the chief executive of Frasers Group, was forthright in comments to City AM last month when it was put to him that some luxury brands had expressed concerns about Harvey Nichols [...]
Is £5bn now the entry ticket into Premier League football? August 20, 2026 It may have taken 34 years but the Premier League has at last clawed its way into the financial big time. The reported £5.5bn valuation placed on Liverpool FC by a consortium of new investors that includes Amazon’s founder Jeff Bezos – aka the world’s third richest man – has the whiff of an NFL [...]
Jeff Bezos closes in on Liverpool FC stake as FSG sale deal nears August 10, 2026 Amazon tycoon Jeff Bezos is set to buy shares in Liverpool FC as Fenway Sports Group plans a significant minority sale. A consortium featuring Bezos, as well as Facebook co-founder Eduardo Saverin, is led by the son-in-law of steel billionaire Lakshmi Mittal and former Queens Park Rangers shareholder Amit Bhatia and is nearing a deal [...]
Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO August 6, 2026 Liverpool FC’s former CEO Peter Moore believes the club’s owners may be preparing to sell up but has poured cold water on talk of Jeff Bezos buying into the Reds. Fenway Sports Group is in talks to sell a minority stake to former QPR co-owner Amit Bhatia – a process some reports have suggested could [...]
SpaceX IPO puts Musk’s AI empire – and ambitions – in the spotlight May 21, 2026 SpaceX has finally opened its books to public markets, revealing a company generating tens of billions in revenue, burning through cash at an extraordinary speed and betting its future on AI as much as rockets. The long-awaited Nasdaq float, expected next month, could value Elon Musk’s space and AI empire at as much as $1.75 [...]
Bezos calls taxing low-paid Amazon workers ‘absurd’ May 20, 2026 Jeff Bezos has said low-paid Americans should pay no federal income tax, describing the idea of taxing some Amazon workers as “absurd”, as the billionaire founder renewed his criticism of the US tax system. Speaking to CNBC on Wednesday, Bezos said the “bottom half” of US taxpayers should pay zero federal income tax, arguing the [...]
Big Tech wants a slice of the fashion world. But why? May 6, 2026 From Amazon to Meta, Big Tech is snapping up Met Gala tables and Vogue covers, but why, asks Anna Moloney.