On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion. Believe’s digital music brands, Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector…
On Monday, in a report Japan’s the Nikkei business daily said, Mitsubishi Corp is set to enter into an agreement to “provide Amazon.com Inc’s European facilities with renewable energy through its Dutch unit, Eneco”. An offshore wind farm which is being built by Eneco is scheduled to come online in 2023; it will supply 130…
In a statement Amazon.com said, it will install AI-powered video cameras in its branded delivery vans in order to improve the safety of both drivers and the communities in which it delivers. Recently Amazon has started rolling out camera-based safety technology across its delivery fleet. “This technology will provide drivers real-time alerts to help them…
A class-action lawsuit has been filed accusing Amazon.com Inc of inflating ebook prices in collusion with some publishers. The class action lawsuit alleges that the e-commerce giant along with the five largest U.S. publishers, collectively called the ‘Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a…
According to sources familiar with the matter at hand, Amazon.com Inc is in talks to acquire podcast startup Wondery which has a valuation of more than $300 million. Sources have cautioned that negotiations are ongoing and there is no certainty that a deal will be struck. Last month, Bloomberg News had reported that both, Sony…
In a significant development, trade union Verdi has called on workers at seven German Amazon warehouses to go on a three-day strike which coincides with the discount shopping event “Black Friday” on November 27. The strike is scheduled to begin with Wednesday’s night shift, said Verdi, which is demanding better working conditions and pay. Since…
In a statement, France’s Finance Ministry said, it has sent out notices to big tech companies to pay digital service tax as planned earlier. Earlier France had suspended collection of the digital service tax, since negotiations were underway at the Organisation for Economic Cooperation and Development (OECD) on an overhaul of international tax rules. The…
In a statement chip supplier Marvell Technology Group Ltd said, it has agreed to acquire Inphi Corp in a cash and stock deal worth $10 billion aimed at broadening its footprint in the 5G network infrastructure and in the data centers space. While Marvell supplies chips that move data around on copper-based cables, its peer…
The Trump administration is set to unveil, on Friday, its efforts to crack down on pirated and counterfeit goods that are sold on major e-commerce sites. Chad Wolf, the acting Department of Homeland Security Secretary along with White House adviser Peter Navarro, will be among the officials to discuss the effort at the National Intellectual…
Amazon has come under scrutiny over its dual role as a marketplace for merchants as well as their competitor. In a significant development, antitrust regulators in the European Union are increasing their scrutiny on Amazon over its usage of merchants’ data. The development underscores increasing regulatory scrutiny over how tech companies exploit customers’ information. Facebook,…
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