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France passes law taxing digital giants in defiance of US anger

With the GAFA tax, an acronym for Google, Apple, Facebook and Amazon, France becomes the first major economy to tax tech giants, defying US President Trump's probe that could trigger reprisal tariffs. The new law aims at plugging a taxation gap

Amazon's Bezos finalises divorce with $38B settlement - report

MacKenzie Bezos will receive 19.7 million Amazon.com shares, which will leave her with a total of 4 percent stake of the company.

China-US talk trade on sidelines of G-20 finance gathering

US Treasury Secretary Steven Mnuchin and People's Bank of China Governor Yi Gang are due to hold routine talks on various issues and then break away for their discussion on trade amid a row between the world's two largest economies.

Brazil to send gang leaders to federal prisons after massacre -minister

Brazilian officials said up to 29 inmates blamed for killing sprees in several prisons will be transferred to stricter federal facilities, after two days of unrest left 55 prisoners dead and authorities rushing to prevent the violence from spreading.

Amazon to pull plug on China retail operations

Amazon said it would close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals.

Saudis gained 'access' to Amazon CEO Bezos' phone

Security chief for Amazon chief executive Jeff Bezos says Riyadh had access to Bezos' phone and gained "private information" from it.

US-China trade talks to open in Beijing

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin expected to resume talks in Beijing with China's top economic official Liu He, the first since China put into law new measures seen as an olive branch in their stand-off.

Facebook extends ban on hate speech to 'white nationalists'

New Zealand Prime Minister Jacinda Ardern welcomes the social media giant's ban that comes in the wake of a deadly terrorist attack on two mosques that killed 50 people people and was carried out by a self-confessed white supremacist.

Amazon dumps NYC headquarters and its promised 25,000 jobs

The New York neighbourhood of Long Island City was one of two locations Amazon selected last year after a long search for a second headquarters or "HQ2."

Bezos says Enquirer threatened to publish revealing photos

Amazon CEO says the National Enquirer wanted him to make a public statement that the tabloid's coverage of his extra-marital relationship with a former TV anchor was not politically motivated.

Brazilian leader at odds with Davos focus on environment

President Jair Bolsonaro who threatened to pull Brazil out of the Paris climate accord during his election campaign pledged at Davos to work "in harmony with the world" to protect his country's unique environment.

Strong economy does little to lift US department store sales

Despite investors' expectations of robust sales, big department stores reported disappointing sales figures for the holiday season, sending their share values tumbling.