Amazon

    • President Radev: Implementing Three Seas priority projects will be game changer

      President Radev: Implementing Three Seas priority projects will be game changer

      The implementation of the priority projects of the Three Seas Initiative will dramatically change the situation in the sustainable development of the region and Europe as a whole, Bulgarian President Rumen Radev said in his opening address at the Sixth Summit of the Three Seas Initiative in Sofia on Friday. “The constant development of those projects, of which there are 90 in 2021, is a sign of the level of our ambitions,” he said.

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    • Amazon stays on top as world’s most valuable brand

      Amazon stays on top as world’s most valuable brand

      Amazon and Apple are ranked as the world’s most valuable brands, Reuters reported. The ranking is based on Kantar’s BrandZ survey. Still results show that Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands. The e-commerce firm Amazon remained the world's most valuable brand with an estimated value of $684 billion, followed by Apple. The high tech conglomerate is valued at $612 billion and Google at $458 billion ranks third, Kantar said.

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    • Amazon made $9bn offer for MGM

      Amazon made $9bn offer for MGM

      Amazon is into heavy negotiations to acquire MGM for about $9bn, industry sources told Variety today. According to the news outlet, the tech giant has reportedly been negotiating a deal for "weeks", which confirms information first reported on Monday that Amazon was in talks for a potential deal that could run between $7bn and $10bn.

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    • Amazon wins a €250m court battle with EU

      Amazon wins a €250m court battle with EU

      The Luxembourg-based General Court scrapped an EU order aimed to make the e-commerce giant Amazon pay some 250 million euros in back taxes to Luxembourg, Reuters reported. "The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group," the judge said.

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    • Amazon wipes 10bn counterfeit listings

      Amazon wipes 10bn counterfeit listings

      The world's biggest e-commerce company Amazon announced it had blocked over 10 billion false listings over the past year, AP reported. The operation comes in response to mounting complains from shoppers and brands. The complaints spurred a massive campaign against phony listings. The data was released in Amazon’s first report on its anti-counterfeiting efforts since it announced new tools and technologies in 2019. The number of blocked phony listings last year was up about 67% from the year before.

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    • Amazon Q1 profit triples as sales surge above $100bn

      Amazon Q1 profit triples as sales surge above $100bn

      The biggest e-commerce company in the world Amazon is also the biggest winner from pandemic, AP reported. Amazon continued to cruise on the pandemic online trading boom and sales in the first quarter of 2021 topped 100 billion dollars. The company noted that clients attracted to online ordering in the peak of pandemic, remained with the firm and kept on buying online even though Covid-19 retreated from their countries and regions and the pandemic-driven restrictions were eased.

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    • Amazon launches pay-by-palm stores

      Amazon launches pay-by-palm stores

      The global e-commerce giant announced it had introduced its new pay-by-palm technology in some of the Whole Foods groceries, AP reported. The points with the newly introduced biometric authorized payments are located near the company’s headquarters. The innovation allows customers to use their palms to connect o an Amazon credit card and authorize payments. The technology, called Amazon One, lets shoppers scan the palm of their hand and proceed with their transactions.

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    • Amazon's new Echo Show smart screen moves with you

      Amazon's new Echo Show smart screen moves with you

      It follows you around the room. No matter where you walk, the screen will stay pointed at you, like a pair of eyes in some haunted picture. Yes, your suggestion is probably right - we are talking about the new Echo Show 10 - Amazon's latest gadget that has created a new concept for its smart speakers with displays, which have mostly remained unchanged for years.

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