020 7432 8855 to advertise
Amazon has bought video-game streaming service Twitch for $970 million (£585 million). The service was previously reported to be in the final stages of acquisition talks with Google’s YouTube. The move is expected to bolster Amazon’s streaming offering which already includes subscriptions through its Prime service."Broadcasting and watching gameplay is...
Burger King has said that it is in talks with Canadian coffee chain Tim Hortons regarding a merger of the companies to create the world’s third-largest fast-food group.The potential deal would create a company with a stock market value of about $18bn (£10.9bn; 13.6bn euros) and an estimated revenue of...
Penfolds-owner Treasury Wine Estates (TWE) has announced its first annual loss as sales slowed in a “challenging” year.The group, which also owns the Wolf Blass, Rosemount and Lindeman's brands, posted a net loss of Au$101 million in a year that saw oversupply in the US market, leading it to destroy...
Gap has announced that it will be launching in India, with the opening of 40 stores across the country in partnership with one of India’s largest textile companies.The first two outlets will be in India’s largest cities Mumbai and the capital Delhi.“More than half of India’s population is under 25...
July retail sales saw an increase, according to the latest figures from the Office for National Statistics.Reasons for the low increase include England’s early exit from the World Cup and a general reluctance amongst consumers to let go of their recession spending habits.Sales rose 0.1% in the month compared to...
US department store Macy’s has agreed to a series of changes across its 42 stores and paid out $650,000 (£390,000) to settle claims from customers that it racially profiled and detained ethnic minority shoppers at its flagship Manhattan store.Customers including US actor Rob Brown complained that they were wrongfully detained...
Russia’s consumer watchdog has closed four branches of McDonald's as part of a food standards investigation.The restaurants allegedly breached “numerous” sanitary laws, according to the watchdog, Rospotrebnadzor.McDonald's said that restaurants on Pushkin Square, Manezh Square and Prospect Mira in Moscow had been temporarily closed, and said it wanted to "re-open...
Amazon has signed a deal with the Shanghai Free Trade Zone (FTZ). Amazon’s Chinese arm, which celebrates its 10th anniversary this year, has signed a memorandum of understanding (MOU) with the Shanghai FTZ and Shanghai Information Investment Limited (SII).In a statement emailed to the BBC, Doug Gurr, president for Amazon...
Commuters face being hit by higher costs as train companies raise their fares by as much as 5.6% in January prompting protests.The increase, which is linked to inflation, is capped at 3.5% on average. However, train companies are allowed to raise some ticket prices by a further 2% provided that...
Tesco-backed café chain Harris + Hoole is closing six of its stores and one concession. The stores that will close include locations in Hounslow and Walton-on-Thames.However, Nick Tolley, co-founder of Harris + Hoole, said that the coffee chain still had the "full support" of the supermarket, which bought a minority...
Why not sign up for daily news emails?
