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Logitech G has a pretty long history of making gaming accessories, but generally, we’re used to seeing it make things like mice and keyboards. Today the company is branching out to more a niche market, announcing the Logitech G923 racing wheel, seemingly a follow-up to the G920. While probably not on the shortlist of items to buy for most gamers, … Continue reading
Amazon will be raising the fees for sellers on its UK marketplace by 2%, starting in September.
The change follows the passing of a new digital services tax in the UK, which levies a 2% tax on revenues of companies that run search engines, social media services, or online marketplaces in the country.
The moves shows Amazon is passing along the costs of the new tax on to its small business sellers, and raises questions on the effectiveness of such measures.
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Amazon announced on Tuesday that it plans to charge more fees to the sellers on its UK marketplace, in response to the country's new Digital Services Tax.
In a note to sellers, Amazon wrote that it will add a 2% fee to all merchants using its marketplace or storage and fulfillment services in the UK region. The new fee will go into effect on Sept. 1.
Amazon said the fee increase is driven by the passing of the DST law, which levies a 2% tax on the revenues of companies that run search engines, social media services, or online marketplaces, and generate over £500 million in sales. Until now, Amazon absorbed this cost, it added. Here's what the note said:
"In spring of 2020, the UK government introduced a Digital Services Tax ("DST"). While the legislation was being passed, and as we continued our discussions with the government to encourage them to take an approach that would not impact our selling partners, we absorbed this cost.
Now that the legislation has passed, we want to inform you that we will be adjusting referral fees, Fulfillment by Amazon (FBA) fees, monthly FBA storage fees, and Multichannel Fulfillment (MCF) fees in the UK to reflect this additional cost. We will not apply the increased charges retroactively, but starting 1 September 2020, the above fee types will increase by 2%."
While Amazon is passing along the costs of the new tax to the thousands of small business owners selling on its UK marketplace, it raises questions about how effective such measures are. Amazon made a similar move in France last year when it raised seller fees by 3% in response to the country's new digital tax.
The UK law is aimed at ensuring big companies pay more taxes, as most of their European headquarters are located in tax havens like Luxembourg, and leveling the playing field between them and the small- and medium-sized businesses in the region.
The UK is Amazon's third-largest market in the world, after the US and Germany. Amazon generated over $17.5 billion in sales from the UK last year.
In a statement to Business Insider, Amazon's spokesperson said the company advocates for a global agreement on taxation, instead of a government-level law that varies by the country.
"Like many others, we have encouraged the Government to pursue a global agreement on the taxation of the digital economy at OECD level rather than unilateral taxes, so that rules would be consistent across countries and clearer and fairer for businesses. As we've previously indicated, the way that the Government has designed the Digital Services Tax will directly impact the businesses that use our services," it said.
No other choice
Still, sellers in the UK are likely to continue using Amazon's services — even if it becomes more expensive — because of its sheer size, according to Tom Baker, founder of FordeBaker, an agency that helps Amazon sellers.
He said Amazon may become a slightly less attractive option for online sellers, as their profit margins will shrink, but they can't afford to abandon the marketplace given it's the largest e-commerce site in the country.
They can't raise their prices on Amazon either, he said, because doing so could drop a seller's search ranking on the site — or risk having certain products suspended due to Amazon's policy of keeping low prices.
"The size of the pie is just too big," Baker said.
While it's no surprise that Amazon is passing on the cost of the new tax to its sellers, Baker said it's a "missed opportunity" for the company to show support for the small businesses that account for a large chunk of its sales. Roughly 60% of all products sold on Amazon now come from third-party sellers, and the company has been promoting itself as a staunch supporter of small businesses lately as regulatory scrutiny has grown over its market power.
"It could have been an opportunity for Amazon to make a stand for SMBs and show their support for the backbone of the UK economy," Baker said.Join the conversation about this story » NOW WATCH: Here's what it's like to travel during the coronavirus outbreak
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Amazon Scout delivery robots will now be operating in Atlanta, Georgia and Franklin, Tennessee. | Image: Amazon
Amazon unveiled its six-wheel delivery robot, Scout, in January 2019, but has only been slowly expanding its field tests. After launching in a single neighborhood in Snohomish County, Washington and then adding a larger site in Irvine, California last August, Scout is now undergoing trials in Atlanta, Georgia and Franklin, Tennessee, Amazon announced today.
It’s unclear how many robots are on the road and how many customers Scout is serving. But it seems the bots are very much still prototypes, and are being treated with the caution appropriate for a company that’s built its reputation on speedy and reliable delivery.
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Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Descartes used to say: We e on the highway to hell, so let’s ride! Bitcoin price We closed the day, July 15 2020, at a price of $9,192. That’s a minor 0.53 percent decline in 24 hours, or -$49.05. It was the lowest closing price in nine days. We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap… This story continues at The Next WebOr just read more coverage about: Bitcoin
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IndieBio founder and managing director Arvind Gupta is joining Mayfield as a partner, the VC firm announced Wednesday.
Gupta will focus on the firm's burgeoning human health and sustainability investing practices, and his joining the firm will formalize Mayfield's partnership with biotech accelerator IndieBio.
Although Gupta had met Mayfield managing director Navin Chaddha and partner Ursheet Parikh before California's shelter-in-place orders began, his onboarding with the firm has been entirely remote, a change from the typically high-touch, highly personalized events and dinners many firms use to win over new hires.
Gupta told Business Insider that he was hoping to help young companies grow and become profitable after spending years building alongside other founders at IndieBio.
He believes that healthcare and sustainability practices will become foundations for future companies the same way that software has permeated nearly every industry today.
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As coronavirus-led shutdowns drag on, VC firms are eager to get back to business as usual. But business looks a little different than it did just a few months ago, and firm partners are having to adjust to the new normal beyond virtual pitch meetings.
One example: The highly unusual way that venture capital firm Mayfield recruited and welcomed biotech investor Arvind Gupta as a new partner focusing on the hot area of healthcare investing. Rather than a round of fancy dinners, the VCs did their best facing computer screens due to the coronavirus crisis.
For Gupta, the pandemic has presented a problem that he is well-equipped to help startups tackle. As the founder of biotech accelerator IndieBio, he worked for years alongside teams of entrepreneurs building what might become the next big healthcare startup. Although Gupta was used to being one of the major early-stage investors in health tech startups, he's been seeing the sector catch the eye of major VC firms since the pandemic began. He wanted to keep pushing the teams he had worked with to build better businesses, a concept that wasn't always intuitive to the cohort of scientists and academics working in the lab. So he made the move to 50-year-old VC firm Mayfield to help lead its healthcare and sustainability investing practice, the firm announced Wednesday.
"I saw that there's a really important inflection point in a company's lifecycle, and that's actually when they need more help than ever as they get to that scale," Gupta told Business Insider. "For the movement to expand, I needed to help companies from that place of scale."
Although Gupta's move had been in the works for a while, joining a firm in the middle of a pandemic still had its challenges. For instance, many firms opt to spend ample time in person with new partners during the recruiting process over dinners, family get-togethers, and other networking events that have been the cornerstone of the venture industry. Instead, Gupta has spent days in virtual trainings and hours going through Mayfield's extensive online onboarding materials on his own. For an industry that relies heavily on people skills, adjusting to a new socially distant recruiting program has been tough on candidates and employers alike.
"We are able to do all that work remotely, but we had already built the relationship pre-COVID," Mayfield managing director Navin Chaddha told Business Insider of Gupta's onboarding. "The strategy, investment, and getting on the same page was all done post-shelter-in-place, but if I'm being completely transparent and honest, to onboard a partner we had not met would be impossible."
A trillion-dollar opportunity
As part of Gupta's joining Mayfield, the venerable firm will officially partner with IndieBio to provide funding to the startups that graduate from its accelerator program. It was exactly the solution Gupta hoped for as those companies start to scale.
However, Gupta is also broadening his role by also focusing on sustainability startups, along with bioengineering and other innovations in healthcare. Together, he said, the two fields present one of the largest opportunities for his new cohort of investor peers.
"From a business perspective, our children are the future consumers, so we have to understand their needs for problems they are going to be facing," Gupta said. "For me, this idea of 'conscious capital' is where I would like to place my time and energy for the next three decades of my working life I have left because I can measure my success through my children."
Two global crises have only highlighted the need to invest in those two areas, Gupta said. He sees a future in which most companies include elements of healthcare or sustainability technology, the same way that software has infiltrated just about every industry globally. That perspective is partly why partner Ursheet Parikh was eager to bring Gupta on at the firm.
"That software was powering the economy wasn't accepted as an idea 4 or 5 years ago," Parikh told Business Insider. "As happens with tech, it will be a focused set of companies that do this, and 10 or 20 years out it will be democratized even more. The Steve Jobs of this era are in high school or college right now and will create high-impact companies."SEE ALSO: Kat Schneider quit her VC gig while pregnant so she could launch a vitamin brand for the Instagram generation. Now her $125 million startup, Ritual, is facing its biggest test.
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it will cost 6,99 $ per month or 69.99 dollars a year, Disney is+ substantially less expensive in comparison to its competitors, such as Netflix.it's forecast to be between the ages of 60 to 90 million users by the end of 2024.After the rise in the long term, the report noted, Disney is a new all-time high, the course is closed on a 148,72-dollar-per-share, notes Marketwatch.for more information, see the Apple TV, Plus the manager is leaving in two weeks for the launch.Read more: Netflix poddsatsar – up with Spotify.the Analysis of TV as a matter of course on Spotify.
Why just watch the trailer for an upcoming animated feature film when you can take a selfie with the star?Warner Bros. Pictures is promoting Scoob!—which is set to hit theaters May 15, 2020—with the first-ever movie trailer on YouTube to embed augmented reality.Fans viewing the trailer via the latest version of the YouTube application on their mobile devices will see a launch camera button on the screen.Clicking that button will enable them to take selfies with Scooby-Doo as a puppy.is the first full-length animated Scooby-Doo feature film, and it tells the story of how Scooby and Shaggy first met and how they joined with Fred, Velma and Daphne to form Mystery Inc.Warner Bros. executive vice president of worldwide digital marketing and chief data strategist Andrew Hotz said in a release, “Trailers continue to play a critical role in the movie industry, but today’s digitally savvy audiences want new ways to connect with the trailer-viewing experience.
A quarter of Ryanair passengers said cleanliness on flights was 'poor', according to a Which?HuffPost is part of Verizon Media.Verizon Media and our partners need your consent to access your device and use your data (including location) to understand your interests, and provide and measure personalised ads.Verizon Media will also provide you with personalised ads on partner products.Select 'OK' to continue and allow Verizon Media and our partners to use your data, or select 'Manage options' to view your choices.
You’ve probably encountered a pair of shoes that won’t stop following you around the internet, appearing in advertisements on different sites for weeks.Today, the vast majority of advertising is targeted – that is, you see an ad because an advertiser thinks that you, specifically, might be interested in what they have to offer.While many websites offer a way to opt-out of targeted advertisements or unwanted emails, we discovered in our recent research that exercising privacy choices isn’t always easy.But that helped us formulate some simple solutions that could make things easier for users around the web.They were difficult to read, with only one-third including a table of contents.Worse, the sections containing privacy choices were even harder to read and understand than the rest of the policy, requiring university-level reading ability.
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I chose to give birth without pain relief – but we shouldn't demonise those who do.HuffPost is part of Verizon Media.Verizon Media and our partners need your consent to access your device and use your data (including location) to understand your interests, and provide and measure personalised ads.Verizon Media will also provide you with personalised ads on partner products.Select 'OK' to continue and allow Verizon Media and our partners to use your data, or select 'Manage options' to view your choices.
“North Atlantic Loop” and its own Metro Fibre Network seen as selling pointsStellium Datacenters, a Tier III+ co-location data centre operator with three sites in Newcastle, has completed a £30 million investment round that it says will be used to fund growth and accelerate fit-out of the facilities.Its existing Stellium 1 data centre is 4,250 square metres and divided into four 2MW IT data halls.It can deliver uniform IT rack solutions from 4kW, with local capability of 34kW per rack.It has 80MVA power via four 20MVA 11kV feeds to two dedicated SSE switch-rooms, with scalability up to 120MVA, the company said.(Stellium 2 is 3,600, Stellium 3 2,400 square metres).
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This gives it a unique position in our consciousness: we actively want insurance to be as cheap as possible; but we also want it to cover everything we expect it to cover, in the event we need to use it, writes Mark Colonnese, Director, Aquarium Software Limited.The four most popular PCWs in the UK (Money Supermarket, Compare the Market, Confused and Go Compare) generate collective revenues of around £1 billion.The Association of British Insurers (ABI) reported early in 2019 that the cost of pet insurance claims is increasing much faster than the cost of premiums.The average claim amount has gone up by 75% in the last ten years while the average premium has only risen 50%.It opens insurance companies up to potential fraud issues, where customers collaborate with suppliers to deliberately inflate costs for mutual advantage.Insurance is, at its heart, a series of complex decisions combined.
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Nvidia has, apparently, an upgrade of the System the TV is on the horizon.The new devices have not yet been any official page, but it seems that the electronics in the united states do not care about completely and have begun to show up on the new drive (s).for More details, Shield the SCREEN of the Pro, and the Recovery SCREEN popped up at the Best Buy in the united states, but it does not appear that the units are available to purchase as there is no official release date as of yet.with the Previous leaks show that the standard Phone SCREEN will be redesigned and it will be tubular, and this has been confirmed by Best Buy.the Shield SCREEN of the Pro, seems to have had a little bit of love in the hårdvarufronten, and is equipped with Nvidia's new Tegra X1,+-systemkrets, upgraded remote controller as well as support for Dolby Vision, the HDR, and Dolby Digital Plus surround sound output.most Likely, Nvidia will announce the devices are officially in the near future.