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Amazon wins court fight against $303 million EU tax order

Amazon wins court fight against $303 million EU tax order

Amazon on Thursday won its fight against an EU order to pay about €250M in back taxes to Luxembourg as Europe's second highest court dealt a blow to the bloc's crackdown against unfair tax deals for multinationals.
Fashion
Simon Property Group is cautiously optimistic in light of positive traffic trends

Simon Property Group is cautiously optimistic in light of positive traffic trends

The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
Fashion
U.S. state AGs urge Facebook to cancel plans for Instagram for younger kids

U.S. state AGs urge Facebook to cancel plans for Instagram for younger kids

A group of 40 state attorneys general on Monday urged Facebook Chief Executive Mark Zuckerberg to abandon plans to launch a version of Instagram for children under the age of 13.
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Deutsche Post DHL hikes outlook again on ecommerce boom

Deutsche Post DHL hikes outlook again on ecommerce boom

German logistics company Deutsche Post raised its financial outlook again on Wednesday after more than tripling its operating earnings in the first quarter, predicting e-commerce will keep booming.
Others
Fidelity halves valuation of Ant Group after Chinese crackdown

Fidelity halves valuation of Ant Group after Chinese crackdown

U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group.
Others
France's Lagardere gives up grip over family firm

France's Lagardere gives up grip over family firm

French billionaire Arnaud Lagardere has agreed to relinquish control over his media empire, which includes the Hachette publishing house, under pressure from investors and influential business tycoons.
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Alphabet sets profit record, plans $50 billion buyback

Alphabet sets profit record, plans $50 billion buyback

Alphabet on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.
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Kering luxury brand Bottega Veneta leases central Milan palace

Kering luxury brand Bottega Veneta leases central Milan palace

Bottega Veneta has rented a historic palace in the centre of Milan that will house the new offices of the brand owned by luxury goods group Kering, real estate asset management company COIMA SGR said.
Lifestyle
Jessica Alba's The Honest Company shooting for $1.5 billion valuation with IPO

Jessica Alba's The Honest Company shooting for $1.5 billion valuation with IPO

The Los Angeles-based beauty, baby and consumer goods company founded by actress Jessica Alba said on Monday that it is aiming for a valuation of more than $1.5 billion with its upcoming U.S. IPO.
Beauty
Instagram launches feature to tackle hate speech, abuse

Instagram launches feature to tackle hate speech, abuse

Facebook Inc's Instagram is rolling out a feature to prevent users from viewing possibly abusive messages by filtering offensive words, phrases and emojis on the photo-sharing app.
Others
Union files objections to Amazon election results, alleging layoffs were threatened

Union files objections to Amazon election results, alleging layoffs were threatened

A labor group that did not secure enough votes from Amazon warehouse workers in Alabama to form a union has formally objected to the election results and alleged Amazon threatened to lay off staff.
Fashion
Former Puig president Mariano Puig dies

Former Puig president Mariano Puig dies

Businessman Mariano Puig, former president of Puig and architect of the multinational Catalan fragrance company's international expansion, has passed away at the age of 93. 
Fashion
Instagram launches test where users can choose to see likes

Instagram launches test where users can choose to see likes

Instagram is launching a small global test on Wednesday where users can choose whether to hide like counts on their own posts or other people's posts, a Facebook spokeswoman said.
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China's Ant to become financial holding firm under enforced revamp

China's Ant to become financial holding firm under enforced revamp

China's Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company.
Others
Self-driving truck startup TuSimple targets over $8 billion valuation in U.S. IPO

Self-driving truck startup TuSimple targets over $8 billion valuation in U.S. IPO

Self-driving truck startup TuSimple Holdings Inc said on Wednesday it was targeting a valuation of more than $8 billion in its U.S. initial public offering (IPO).
Others
Euro zone poised for five-year post-pandemic consumption boom

Euro zone poised for five-year post-pandemic consumption boom

The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again, a European Central Bank policymaker forecast on Tuesday.
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