Day: November 16, 2020

Amazon is pulling the plug early on Christmas 2020

As Brexit looms, Amazon is starting the process of separating UK and EU sales from 14 November and UK shoppers buying gifts from EU sites and British traders selling to Europe face potential increased costs and confusion.

The international e-commerce giant Amazon has hastened its Brexit bail-out by confirming that traders will no longer be able to remove stock across the EU and UK border from 14 November.

Amazon has just announced record sales figures for its third quarter, with profits tripling. Its net sales increased by 37% to $96.1bn (£74.4bn) in the third quarter but its shipping costs rose by $1.4 billion and are now $5 billion higher than the same period a year earlier.

To keep rising costs in check, it is taking early action to limit the impact of Brexit on its operations by ending ‘inventory removal orders’ from its Fulfilment Centres for stock that is being

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Investors rush to back Crowdfunding bid by virtual networking start-up firm meeow

Crowdfunding investors are flocking to back the launch of a revolutionary virtual networking platform, meeow.

The idea for meeow – where four businesspeople are brought together online and at random – was born during the first national lockdown.

The concept for safe, sustainable and accessible networking was proved after a UK launch in May and this month a Crowdfunder has been launched with a target of £150,000.

In less than two weeks almost £60,000 has been pledged by investors keen to launch meeow to a global networking market worth billions.

Meeow hosts four-person virtual hour-long meet-ups, known as meeows. The four participants are selected at random and come from a variety of SME business backgrounds.

Co-founders Chris Rabbitt and Simon Glenn launched meeow in response to demand from networkers who still wanted to connect with like-minded businesses and take advantage of new opportunities.

Chris said: “The success and enthusiasm

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GM recalls EVs on risk of combustion

GM is recalling almost 70,000 Chevrolet Bolt EVs following reports of five of them catching fire.

The AP’s Tom Krisher reported:

General Motors is recalling nearly 69,000 Chevrolet Bolt electric cars worldwide because the batteries have caught fire in five of them.

The company said Friday that it doesn’t know yet what’s causing the fires, but engineers are working to figure it out. Two people have suffered smoke inhalation due to the fires and a house was set ablaze.

U.S. safety regulators said the cars should be parked outdoors until the recall repairs have been made.

CNBC’s Michael Wayland wrote:

GM has confirmed five instances of fires that “could be related to the high voltage batteries” in the vehicles, according to Jesse Ortega, executive chief engineer for the Chevrolet Bolt EV.

The National Highway Traffic Safety Administration in October opened an investigation into three reported fires involving Chevrolet Bolt

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