Nigerian IT firms may take 30 years to hit $1trn valuation
Aspirations of Nigerian firms, cum Africa, especially those in the technology space to hit the $1 trillion market valuation like Apple and Amazon, may not happen until 2050. This is the submission of industry experts, who spoke with The Guardian. To them, the fundamentals in the country have not shown anything promising, but more or…
EY wants digital revolution to address four major issues
Most companies across the globe are in the process of defining or executing a digital transformation in response to what has been tagged ‘fifth industrial revolution’ which is expected to significantly change the way we live, work and interact with one another. This technology- driven revolution is projected to be faster, more scalable and adopted…
Amazon era means tough profit road for P&G
Procter & Gamble vowed to accelerate efforts to compete on price and product innovation Thursday as it reported another round of lackluster results that underscored the challenges of the Amazon era.
Trump assails Amazon on taxes, retail competition
US President Donald Trump took aim Wednesday at Amazon, claiming the US online giant pays too little in taxes and hurts other retailers.
EU aims to tax internet giants at 'two to six percent
The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday. "The range will be from two to six percent; but closer to two than…
Amazon posts largest profit in its history on sales, tax boost
Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.
Google pulls YouTube from Amazon devices, escalating spat
Rare public spat in the technology industry escalated when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices.
EU hammers Amazon, Apple over taxes
The EU turned the screw on US tech giants Wednesday, ordering Amazon to repay Luxembourg 250 million euros in back taxes and taking Ireland to court for failing to collect billions from Apple.
Amazon Primes whole foods for more visitors
Today, millions of consumers get lower prices and other perks in exchange for favoring one store chain over another. Starting Monday, Amazon.com Inc. will lavish its most loyal customers with similar benefits and more when they shop at Whole Foods Market Inc., t