August 25, 2023
Heineken sells off Russian beer business for €1
Heineken has finally sold off its Russian business for €1 - or 86p - nearly a year and a half after first pledging to do so. The Dutch brewer said it will take a loss of €300m on the division, which is being offloaded to Russia's Arnest, which makes…
August 21, 2023
Twitter, now X, to remove blocking feature
The blocking feature will be removed for users of X, formerly Twitter, Elon Musk has announced, claiming the feature "makes no sense". The X boss said users will still be able to block people from directly messaging them, however. But many people on…
August 18, 2023
Firm regrets taking Facebook moderation work
A firm that was contracted to moderate Facebook posts in East Africa has said with hindsight it should not have taken on the job. Former Kenya-based employees of Sama - an outsourcing company - have said they were traumatized by exposure to graphic…
August 12, 2023
Amazon asked by minister to justify temporarily withholding sellers’ funds
The government has demanded answers from Amazon after its recent policy change led to hundreds of sellers being unable to access their money. In a letter seen by the BBC, small business minister Kevin Hollinrake asks the tech giant to explain how it…
August 9, 2023
Amazon sellers complain site is withholding money
Hundreds of Amazon sellers have complained that the online marketplace is withholding their money. Amazon said it emailed sellers about a 'delivery date based reserve' which holds some money in case of refunds. But some sellers have written to their…
August 7, 2023
Adidas generates millions from Yeezys after Kanye West split
Adidas generated millions from its first "drop" of Yeezy trainers after ending the collaboration with rapper and fashion designer Kanye West. The sportswear giant reported sales of €400m (£344m) from the shoes between April and June this year.…
August 6, 2023
Best July in three years for car registration, SMMT says
UK car sales have grown all year, despite borrowing becoming more expensive and a cost of living crisis creating difficult financial conditions for consumers. The number of new cars registered grew 28% in July, compared to a year earlier, in the…
August 1, 2023
Etsy accused of ‘destroying’ sellers by withholding money
Online marketplace Etsy has come under fire from sellers for putting 75% of their takings on hold for 45 days. Hundreds of small businesses recently got an email from Etsy notifying them it was actioning its "reserve system". Ceramics seller Rachel…
July 27, 2023
Spotify raises premium subscription price for millions
Spotify is raising the price of its single-account premium plan for the first time since 2011 and hiking other services as well. In the UK, subscriptions will rise by £1 a month to £10.99 for an individual plan, £14.99 for a premium duo plan, and…
July 25, 2023
Twitter rebrands as X and kills off blue bird logo
Twitter has changed its brand and logo from its famous blue bird to "X". The new white X on a black background has replaced the bluebird on the desktop version of the social network, although is yet to appear on the mobile app. "Tweets" will also be…