Jeff Bezos knows how to turn US $92 million into US $22 billion
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.
Amazon
Corporation tax: Irish soften stance amidst growing international pressure
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.
Fiware: EU’s challenge to build the future Internet
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.
Amazon sets first logistics centre in Spain
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…
Microsoft and B&N team up to win worldwide ebook battle
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…