Amazon tells government online sales tax would wound small retailers using its platform June 23, 2022 An Amazon manager cautioned the government that a levy on internet heavyweights would cause serious damage to the UK’s small retailers, According to a report by Sky News, John Boumphrey, Amazon’s UK country manager, urged a Treasury minister against an online sales tax (OST) at a meeting with retail chiefs on Wednesday. A one per [...]
Retail chiefs to meet with Treasury amid fears of fading interest in online sales tax June 20, 2022 Top retail bosses will meet with a Treasury minister later this week with the hopes of reigniting government interest in launching an online sales tax and reforming the current rates system. According to a report by Sky News, executives from retail powerhouses including Amazon, Asda, ASOS, Currys and JustEat Takeaway, are to meet with the [...]
Mark Kleinman’s exclusive column: Downing Street business adviser pondering exit? June 15, 2022 Raging inflation, labour shortages, a weakening currency, supply chain chaos and – in the eyes of many colleagues and opponents alike – a lame duck prime minister: if you thought that being a CEO in such a climate was tough, spare a thought for his own business liaison chief. Alex Hickman, a co-founder of the [...]
Apple knocks Amazon off the top spot to become world’s most valuable brand June 15, 2022 Tech giant Apple has pushed Amazon off the top spot to be the most valuable global brand, ranking higher than Google. Apple is set to become the first trillion-dollar brand, with a brand value of $947.1bn with plans to enter into the Buy Now Pay Later arena. Google shot up the rankings to second place, [...]
Amazon seizes more than three million counterfeit products as ecommerce giant cracks down on fraud June 8, 2022 Amazon has seized more than three million counterfeit products in the last year and referred more than 600 criminals for investigation as the tech firm tries to stamp out fraud. In its latest Brand Protection Report, the ecommerce giant revealed it has invested more than $900m and had more than 12,000 people—including machine learning scientists, software developers, and [...]
Amazon shares rally following 20-for-1 stock split June 6, 2022 Amazon shares continue to rally after the ecommerce giant went ahead with its 20-for-1 stock split this morning. The move, which took shares down from Friday’s closing price of $2,440 to around $127, is expected draw in new investors and reward current holders with returns. The company first reported the plan in March, which now means that [...]
Tech giant AGM: Amazon shareholders reject investor-led proposals on workers’ rights May 25, 2022 Amazon shareholders voted down all investor-led proposals at the tech giant’s AGM on Wednesday afternoon. Among the 15 shareholder proposals, rejected resolutions included those critical of the company’s use of plastics and particular concealment agreements in contracts. The $1tn e-commerce giant had pushed back against all of the shareholder proposals, the highest number it has [...]
Amazon shareholders gear up to vote on workers’ rights as Andy Jassy’s fresh leadership is tested May 25, 2022 Amazon shareholders are set to vote on a worker’s rights proposal for the first time ever, as the tech giant comes under increasing pressure to respond to public controversies.
Amazon bets on UK as Netflix slows down May 20, 2022 Amazon has invested more than £1bn in TV, movie and live sport content in the UK since 2018, with plans to pump even more cash into establishing itself as the go-to content provider for Brits.
Amazon takes legal action against new fake review broker as UK plans clamp down on firms May 6, 2022 Amazon has started legal action against Hong Kong based fake review broker Extreme Rebate after it successfully targeted the schemes of three major attackers, resulting in nearly 350,000 people no longer being incentivised by them.