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Rakuten, Japan's Amazon, steals a march on its nemesis
Jul 16th, 2012
TOKYO (Reuters) - Japanese ecommerce giant Rakuten Inc looks set to steal a march on rival Amazon.com when it launches its Kobo e-reader and e-book service in Japan on Thursday. For CEO Hiroshi Mikitani, it's the first salvo in a wider war that the ebullient Harvard MBA, called Mickey by everyone including his staff, hopes will transform Rakuten into a global player in digital commerce. Mikitani founded Rakuten in 1997 and has built it into Japan's largest online retailer, employing more than 8,000 people and boasting a market capitalization of about $13 billion. ... (Source: Reuters) -
By Luke Baker BRUSSELS (Reuters) - European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance. The four-hour summit was originally called to discuss energy policy, but investi... [Full Article]
By Alexandria Sage CANNES (Reuters) - Folk music, Greenwich Village and a quick-footed cat star in the new Coen brothers movie at the Cannes film festival on Sunday, kicking off the first of five U.S. entries with its engaging misadventures of a struggling singer. "Inside Llewyn Davis" by directing duo Ethan and Joel Coen is a delightful ... [Full Article]
LONDON (Reuters) - British industrial output rose more than expected in March as manufacturing gathered momentum, outweighing a fall in oil and gas production, official data showed on Thursday. Industrial output climbed 0.7 percent on the month in March after a downwardly revised increase of 0.9 percent in February, well above forecasts of a 0.2 pe... [Full Article]
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