News That Matters

Tag: NETSV

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says
Business

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says

Register now for FREE unlimited access to Reuters.comRegisterBRUSSELS, Sept 16 (Reuters) - Amazon (AMZN.O) may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue.In July the U.S. online retailer said it would set up a data silo, preventing its retail arm from using data from its marketplace to make competing private label products. read more It will also end preferential treatment for itself and treat sellers equally when ranking their offers for the "buy box" on its website that generates the bulk of its sales.Register now for FREE unlimited access to Reuters.comRegisterVestager had given third parties until Sept. 9 to provide feedback before deciding...
Baidu revenue contracts but beats estimates on cloud business growth
Business

Baidu revenue contracts but beats estimates on cloud business growth

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 30 (Reuters) - China's search engine giant Baidu Inc (9888.HK) beat quarterly revenue estimates on Tuesday, underpinned by growth in its cloud business, even as it reported its first year-on-year quarterly revenue contraction in two years.Total revenue shrank by 5% to 29.65 billion yuan ($4.43 billion) in the second quarter, compared with analysts' average estimate of 29.30 billion yuan, according to Refinitiv data.U.S.-listed shares of the company rose 3.2% in premarket trading.Register now for FREE unlimited access to Reuters.comRegisterEven as Baidu's core advertising sales continu...