Technology 

Apple, Amazon called out for ‘incorrect’ Taiwan, Hong Kong references

TAIPEI/SHANGHAI (Reuters) – One of China’s top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei. FILE PHOTO: An electronic screen displays the Apple Inc. logo on the exterior of the Nasdaq Market Site following the close of the day’s trading session in New York City, New York, U.S., August 2, 2018. REUTERS/Mike Segar/File Photo The Chinese Academy of Social Sciences (CASS) said…

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Amazon and eBay evict sellers amid VAT crackdown

Image copyright Getty Images Thousands of overseas sellers have been evicted from online marketplaces in the UK such as Amazon and eBay owing to a tax crackdown. Businesses, mostly from China, sold items including British flags, phones and fake eyelashes but evaded VAT. HM Revenue and Customs (HMRC) sends notices to online sales sites if it discovers businesses failing to pay the correct VAT. It said that 4,600 sellers have been “red-flagged” in this way. If the hosting sites fail to take action they can be pursued by HMRC for…

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Investors ask how the Bezos divorce will affect Amazon

NEW YORK (Reuters) – Amazon.com Inc (AMZN.O) shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. FILE PHOTO: 2018 Vanity Fair Oscar Party – Arrivals – Beverly Hills, California, U.S., 04/03/2018 – Amazon CEO Jeff and wife MacKenzie Bezos. REUTERS/Danny Moloshok Bezos, whom Forbes lists at the world’s richest person, worth an estimated $136.2 billion, said via Twitter on Wednesday that he and his wife of…

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Technology 

Amazon to invest in French firm’s technology for self-driving forklifts

FILE PHOTO: A worker uses a forklift to retrieve products stored inside of a large Amazon fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2017. REUTERS/Lucas Jackson/File Photo (Reuters) – Amazon (AMZN.O) could build a stake of almost a third in warehouse robotics firm Balyo (BALYO.PA) in the next seven years, as part of a deal that could boost sales of the French company’s technology for self-driving forklift trucks. Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world’s biggest…

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CES 2019: Amazon and Google voice assistants carve up CES

Image copyright Getty Images Image caption Alexa and Google Assistant aren’t clamouring to be heard, they’re clamouring to be spoken to At CES, there’s no shortage of gadgets to talk to. Smart TVs, cars, pianos – and even a toilet – these are just some examples of devices that come with voice-activated helpers. No matter who makes the hardware, the virtual aide linked to or packaged inside is likely to be one of two: either Amazon’s Alexa or Google Assistant. For ShadeCraft, the maker of a new device that lets…

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Amazon boss Jeff Bezos and wife MacKenzie divorce

Image copyright Reuters Image caption The pair said that they had had a great life together Amazon CEO Jeff Bezos and his wife, MacKenzie, are to divorce after a 25-year marriage. The pair announced the move in a joint statement on Wednesday on Twitter. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” the couple said in the statement. Amazon, formed 25 years ago, this week eclipsed Microsoft to become the world’s most valuable listed company. Jeff…

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Amazon becomes world’s most valuable public company

Image copyright Getty Images Image caption Amazon’s Jeff Bezos is the world’s richest man Amazon, formed 25 years ago, has eclipsed Microsoft to become the world’s most valuable listed company. The online giant was worth $797bn (£634bn) when the US stock market closed on Monday after rising 3.4% and moved past Microsoft, valued at $789bn. Jeff Bezos, the founder of Amazon, is the world’s wealthiest man, with riches of $135bn, according to Bloomberg’s billionaire index. He overtook Microsoft founder Bill Gates last year. It is the first time Amazon has…

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Qualcomm expands car computer chip lineup, adds music from Amazon

(Reuters) – Qualcomm Inc on Monday expanded its lineup of car computing chips and broke them into tiers of different prices, similar to its chips for smartphones that power relatively budget-friendly handsets as well as premium models. FILE PHOTO: A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 7, 2018. REUTERS/Aly Song Qualcomm provides the chips for so-called infotainment systems as well as dashboard displays, but is also trying to fight its way into the market…

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Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

FILE PHOTO: New York Yankees’ Derek Jeter waits to bat as he stands near the Yankees logo painted on the infield behind home plate during the fourth innings of the Yankees’ game against the Tampa Bay Rays at Yankee Stadium in New York, July 8, 2008. REUTERS/Mike Segar (Reuters) – The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The…

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India tightens e-commerce rules, likely to hit Amazon, Flipkart

NEW DELHI/MUMBAI (Reuters) – India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. A shipment moves on a conveyor belt at an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An entity having equity participation by e-commerce…

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