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Amazon Issued a Tax Bill of €250m by EU Commission 

As the campaign of EU authorities against deals that assists largest companies cut down on tax bills progresses, Amazon has been requested to reimburse €250m (£222m) in illegal state aid to Luxembourg.   The EU commissioner in charge of competition, Margrethe Vestager, said that Luxembourg’s…


Georgia City Aims To Rename Itself as Amazon, Georgia 

Amazon, the e-commerce giant is growing extraordinarily and need to expand to cope with this growth. The company’s headquarters is currently located in Seattle, Washington. However, the city doesn’t have the capacity to support this growth which is why the company is on the hunt…


Amazon to launch its first wearables to work with Alexa 

As of today, the only way to control your Alexa has been with the Dot device or Amazon Echo. However, reports indicate that as an addition to its range of voice-controlled devices, Amazon is planning to release a pair of Alexa-enabled smart glasses.   The…


Amazon Lending Expands Its Offering to Help Businesses 

Amazon lending has made over $1 billion in small/medium business loans to sellers on its marketplace over the past year. The program was created to ease access to business loan for small businesses. The right amount of capital at the right moment can place a…


Amazon Top Up Launches In The UK 

The world of e-commerce is an interesting one. Thanks to Amazon, it has seen a considerable spike in financial news headlines. The e-commerce giant is continuously increasing its dominance and just recently launched the Amazon Top Up service in the U.K.   Sometimes in April,…


The Prospect of Amazon’s New Food Technology 

Amazon is preparing to gain a foothold in the US food industry. The company plans to use the new technology that was initially developed for the US military to beat the dormant competition in the $700 billion industry. The online retail giant will explore the…