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the Scale of Amazon explained

s Amazon continues its takeover of the retail sector, the scale at which it operates continues to impress. Back in late 2016 we examined the extraordinary size of Amazon from a market valuation perspective, which showed that the eCommerce giant was worth more than most brick and mortar retailers put together. The

How much multinationals earn per second

Imagine that for every second that passes, your bank account inches up $1. You’d be making $60 per minute, or the equivalent of $86,400 in a day. Over the course of a year, you’d roll in a solid $31.5 million of profit. While this would be prolific for almost any

Swedish start-ups explained

Q: What do Spotify, Minecraft and Candy Crush Saga have in common? A: They are all made in Sweden   Sweden is home to Europe’s largest tech companies and its capital is second only to Silicon Valley when it comes to the number of “unicorns” – billion-dollar tech companies – that it produces per capita. Skype was

Best employers in the World

hat does it take to be voted the best employer in the world? Maybe it is allowing staff to take a nap during the working day, as Google does at its London office. Google’s parent company Alphabet is the best employer in the world in 2017, according to data compiled by

Antitrust: Commission fines Google €2.42 billion

he European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.   The company must now end the conduct within 90 days or face penalty payments of

WEF: 3 interesting facts about gaming industry

nteractive gaming has evolved rapidly since the early days of arcade cabinets. What was once a one or two-player experience is now shared widely around the globe. In 1995 there were 100 million gamers worldwide; today that number has climbed to 2.6 billion. Revenue for the global gaming industry is estimated

WEF: How the last 10 years of business changed everything

actics are more important than strategy and less important than vision. That appears to be the new set of rules in today’s business world. Businesses cannot simply follow in the footsteps of their larger rivals; they must forge their own path. In the past, transnational champions would compete alongside one another

State aid: Ireland gave illegal tax benefits to Apple

he European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of

Barriers to SMEs growth in the EU

mall and medium-sized enterprises (SMEs), which represent 99% of all businesses in the EU, play a pivotal role in its economy. Nevertheless, in comparison to larger firms, they often face significant obstacles – internal, administrative and financial – which affect them disproportionately. SMEs have been affected negatively by the economic crisis,

Antitrust: Truck producers cartel fined 2.93 bn EUR

he European Commission has found that MAN, Volvo/Renault, Daimler, Iveco, and DAF broke EU antitrust rules. These truck makers colluded for 14 years on truck pricing and on passing on the costs of compliance with stricter emission rules. The Commission has imposed a record fine of € 2 926 499

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