Amazon to offer insurance to UK businesses
The technology giant’s first foray into business insurance in the country, broker Superscript said that Amazon is going to start offering insurance to small and medium-sized UK business customers. Members of Amazon’s Business Prime program will be able to buy cover from superscript such as contents insurance, cyber insurance and professional indemnity insurance. Superscript spokesperson […]
India plans for tighter e-commerce rules
Reviewed memos along with the Ministry of Finance proposals such as “excessive” and “without economic rationale”, reveals India’s plan to tighten rules on its e-commerce market. The memos offer a rare glimpse of high-stakes policy-making governing a market already featuring global retail heavyweights from Amazon to Walmart, plus domestic players like Reliance Industries and Tata Group. […]
Big Tech cloud services could face resilience test
Amazon, Google and other tech companies providing cloud computing to banks in Britain. A senior Bank of England official said that, this may have to comply with minimum resilience standards and testing. The BoE, along with regulators in Europe and the United States, is worried about the reliance of banks of Big Tech firms for cloud computing. This is […]
Amazon snaps up James Bond, owner MGM for $8.45 BLN as streaming war heats up
Amazon.com Inc said that it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion. This gives it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. Privately-held MGM, or Metro Goldwyn Mayer, was founded in 1924. This […]
EU bodies use of Amazon, Microsoft cloud services faces privacy probes
The European Commission and European Parliament’s use of cloud computing services provided by Amazon and Microsoft has prompted two EU privacy investigations over concerns about the transfer of personal data to the United States. After revelations in 2013 by former U.S. intelligence contractor Edward Snowden of mass U.S. surveillance, the data privacy came under scrutiny. […]
Amazon wins court fight against $303 million EU tax order
As Europe’s second highest court dealt a blow to the bloc’s efforts to make multinational corporations pay more tax, amazon has won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg. Amazon had not enjoyed a selective advantage in its tax deal with the Grand […]