Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its Heels
Zoox Inc. offices sit empty at company's headquarters in Foster City, California, U.S., on Wednesday May 27, 2020. Amazon.com Inc.’s talks to buy driverless vehicle startup Zoox Inc. has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels.
EMI License, Become a Bank - Almost
However, banking and financial institutions are highly regulated industries, and a company can’t just set up and begin trading with other people’s money. They have to become authorised and approved to do so. Which is why they must gain an EMI license.
EU ready to go it alone on taxation of digital firms
The European Union is ready to go it alone with taxing digital services of firms like Google, Amazon, Facebook or Apple if there is no global deal on such a tax this year, European Economic Commissioner Paolo Gentiloni said on Thursday.
Authorities in 23 countries across five continents have sought access to contact tracing technology from Apple Inc and Alphabet Inc’s Google, the companies announced on Wednesday as they released the initial version of their system.