Amazon has scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by politicians.
Cities that were shunned in Amazon.com Inc's search for a secondary corporate headquarters are revisiting their bids in case New York City rejects the corporate giant due to opposition from local politicians.
Finance ministers from smaller European Union states on Tuesday opposed a plan to limit governments' power to block EU reforms on tax matters,further reducing the chances of introducing an EU levy on large digital firms.
Debenhams has secured a temporary cash injection to tide it over while talks go on and it also has a new own-brand sourcing deal with Li & Fung that should help it respond faster to trends with better quality product.
The department store chain has announced that it will open a luxury cannabis lifestyle concept, The High End, at its Beverly Hills flagship in March, the first initiative of its kind launched by a major US retailer.
The EU's effort to rewrite two-decade-old copyright rules to take into account online platforms such as Google moved a step forward on Friday when countries agreed on a common position for talks with lawmakers next week.
Amazon.com Inc is reconsidering locating part of its new headquarters in New York because of local opposition, the Washington Post reported on Friday, citing two people familiar with the retailer’s thinking.