amazon Archives

UAE Against Homosexuality: Amazon Cowers To Their Commands

Isha PoddarJuly 30, 20220

E-commerce giant Amazon blocked LGBTQ-related products on its United Arab Emirates website following a series of pushbacks against same-sex themes in the Gulf region. Amazon decided after coming under pressure from UAE authorities, who reportedly ultimatum it with penalties and gave it until one July to comply with its demand to restrict search results for LGBTQ-themed materials. The Ministry of Foreign Affairs and UAE’s Ministry of culture did not react to a CNBC plea for comment at the time of writing. In the UAE, Homosexuality is criminalized and can be punished by prison time. Fines and prison time. Amazon explained its decision as one made to abide by local laws. “As a company, we remain resolute to equity, inclusion and diversity, an Amazon spokesperson told CNBC i

ArticleBusinessCultureEducationEntertainmentFinanceHollywood NewsHotInternationalLatest NewsLawLifestyleSocietyTelevisonTrending

DSA To Scan Internet’s Big Social Giants, Curb Digitally Illegal Content: EU

Sonia SolankiApril 25, 20220

The EU (European Union) has come up with Digital Services Act under which the government will govern the internet. So, the aim is to curb the illegal content and any disinformation on multiple big giants like Facebook, Twitter, Google etc. The officials from the European parliament, the French presidency of the council of the EU and the Commission, all agreed to the new rules. These new rules will be applicable to internet techs and giants. "The Digital Services Act (DSA) is a major milestone," said Commissioner Thierry Breton. He also says that in the last 20 years Europe for the first time is tackling the issue of the digital and information areas. How DSA Will Help In Filtering Internet? One of the main highlights that DSA talks about is the illegal and illicit content l...

ArticleBusinessFinanceIndiaLatest News

Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days

Gunjan ChaudharyJanuary 13, 20220

An important hearing took place on Thursday in the Amazon-Future case. The National Company Law Appellate Tribunal (NCLAT) issued notices to the Competition Commission of India (CCI) and Future Coupons Private Limited (FCPL) to file their reply within 10 days. The notice was issued in light of a hearing a plea filed by e-commerce giant Amazon, challenging the recent order of CCI that suspended its deal with FCPL. The fair trade regulator suspended the approval given to the more than two year old deal with Future Group's company FCPL. The bench comprising Justices V P Singh and M Venugopal asked CCI and FCPL to respond within the next ten days and asked Amazon to file a rejoinder over it. The bench will now hear the matter on February 2. The decision to put a stay on Rs 20...

BusinessFinance

Has Future Groups And Amazon’s Fight Revolutionized The Retail Sector Market?

Pooja YadavJanuary 10, 20220

Recently, when SC upheld the enforcement orders of by Singapore international arbitration center. On Amazon’s appeal over plenty of Future Groups and Reliance Groups in the retail sector, the Court of Singapore upheld the deal further. And now the Supreme Court of India has made it very clear in the verdict that the deal is justified and valid under the laws and jurisdiction of Indian laws. Future Group and Reliance dealIn August 2021, Reliance acquired the Future Group in the retail sector for around Rs. 24713 crores. This was of course was of the major deals in the retail sector thereby establishing Reliance on companies' presences eve in the retail sector also. The major effect would have been on Amazon and there would have been major completion and a tough competitive environment f...

InternationalLatest News

Elon Musk: Tesla Chief Becomes First Person In The World To Earn $300 Billion

Gunjan ChaudharyNovember 1, 20210

The wealth of Elon Musk, the owner of Tesla company, one of the world's richest people, is increasing day by day. Now he has become the only person in the world, whose position no one has reached till date. Last Thursday, Musk's net worth jumped by $ 9.79 billion, or Rs 73,210 crore. After this, Musk's net worth reached $ 302 billion according to the Bloomberg Billionaires' Index. Musk has become the only person in the world to reach this place. With this, Tesla's market cap has also crossed one lakh dollars. Musk's wealth is $100 billion more than the second richest personAccording to the Bloomberg Billionaires Index, the second richest person in the world is Jeff Bezos of Amazon Company. His net worth has reached $ 199 billion, but the special thing is that despite this, Elon Musk's ...