Amazon is facing a second tax evasion investigation in Milan, Italy. Italian prosecutors are investigating the company’s Italian unit for suspected tax evasion, separate from a recent seizure of 121 million euros from another unit. …
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Ecuador and ENAP SIPEC Renegotiate Oil Agreement, Boosting Production in Amazon
Ecuador and ENAP SIPEC, a subsidiary of Chile’s state-owned oil company ENAP, have renegotiated an oil agreement for a block in the Ecuadorian Amazon. The new agreement includes an additional investment of $90 million until …
Continue readingAmazon Prime Day: A Decade of Domination and Evolving Strategies
Amazon Prime Day, a 48-hour mega sale exclusively for Prime members, has become a cornerstone of the retail calendar, rivaling Black Friday and Cyber Monday. It’s a testament to Amazon’s success in creating a shopping …
Continue readingAmazon Faces UK Probe Over Supplier Treatment, Could Face Fines
The UK’s Groceries Code Adjudicator (GCA) is threatening Amazon with a formal investigation if they don’t improve their treatment of suppliers. The GCA is concerned about Amazon’s compliance with the Groceries Supply Code of Practice …
Continue readingChina and Brazil Team Up for Sustainable Beef Traceability
China, the world’s largest beef importer, and Brazil, its biggest supplier, are joining forces to create a pilot scheme for beef traceability. This initiative aims to make beef production more sustainable and transparent, tackling concerns …
Continue readingAI Stock Frenzy: Nvidia Downgraded, Pure Storage Slumps, Dell Gets a Boost
The AI sector is witnessing a rollercoaster of stock activity as analysts assess the impact of the burgeoning technology on various companies. Nvidia, the leading GPU maker, received a downgrade from New Street Research, citing …
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