T.C. | An Internet database leak has uncovered a network of more than 200,000 people posting fake product reviews on Amazon in exchange for free product ratings. This was explained by the cybersecurity company SafetyDetectives, which discovered an open ElasticSearch database with a total of 13,124,962 records, weighing 7 GB, the researchers said in a statement. The database contained a server that hosted direct messages between various Amazon sellers with…
There is news which has global resonance and influence because its importance. Such is the case with the increase in the minimum wages of Amazon employees by around 2$ to 15$/hour (a bit more than 13 euros). The measure will enter into effect on 1 November. According to Alphavalue´s analysts, “this not only blocks the competition (Walmart), but also confirms the shortage of manpower in the US”.
The Treasury will impose a 5% tax on foreign and Spanish companies’ digital services. This new tax will be on the intermediary services and the publicity and sale of digital data up to 5% of the turnover of all companies which offer these services in Spain.
The spectacular results of the four major US technology firms drove the Nasdaq index to a new record high as it closed the week at 6.701, a rise of 35% since the highs of the technology bubble at the start of the century which was a psychological level many thought would never be recovered.
It doesn’t matter what Trump says: the manufacturing companies are facing hard times. The best example of this is the Dow Jones. If the index was composed today of the same stocks as in 2004, it would not reach 13,000 points.
WASHINGTON | When were US $92 million worth US $22 billion? On July 26, 2015. That was the day when Amazon presented its second quarter earnings.
MADRID | By Sean Duffy | The OECD´s announcement this week that it was initiating a plan to combat tax avoidance schemes from multinationals has been met with almost universal approval across Europe. Ireland in particular has been the subject of criticism from its EU partners. Until recently, the country had determinedly defended its tax policy, famously refusing to negotiate on the issue when the country was in need of an EU bailout back in 2009.
SEVILLE | By Ana Fuentes | When it comes to innovation and data management the U.S. is the absolute global leader. But Brussels wants to make up for many years of sitting on its hands: the cake is too yummy to allow Amazon or Google to eat it all. Fiware, a tech platform born from a public-private partnership, aims to finance an open ecosystem for SMEs to develop innovative projects. The budget for the best ideas is 100 million euros, way less than the American big firms are investing. But Spanish entrepreneurs eager to leave the crisis mood behind insist it’s worth to give it a try.
MADRID | Fortune 500 company Amazon announced Friday plans to open its first logistics centre in Spain, seven months after the launch of Amazon.es, the Spanish version of the popular online store. The centre will be located in San Fernando de Henares, in Madrid. This is the latest opening within the existing European network of logistics sites of Amazon, which will become operational within a few months. “We are very pleased with the positive response from customers, as well as their interest in our Premium Amazon offer,” said Allan Lyall, deputy president of operations in Europe. Lyall hinted at…
NEW YORK | Microsoft entered the battle for the e-readers this week thanks to a strategic partnership with Barnes & Noble. Their alliance, dubbed as NewCo, gives Windows creator a 17.6 percent equity stake for a $300 million investment and values B&N’s remaining 82.4% stake at $1.4 billion. According to Goldman Sachs analyst Matthew Fassler, the deal is a “game-changer.” “The shift to digital is putting the world’s libraries and…