Scout24 Expresses Interest in eBay’s Classifieds Business

Scout24, the Germany-based autos and property marketplace, expressed an interest on Monday in acquisitions if eBay sells its classifieds business following pressure from activist investors to do so. “That is a concrete example we are looking at,” CEO Tobias Hartmann told journalists after Scout24 reported double-digit growth in revenue and profits last year. Scout24 is itself the targetRead More

IBM Apologises for Using Ethnic Labels Like ‘Yellow’ and ‘Mulatto’ on Job Application

  IBM apologised Tuesday after one of its recruitment Web pages gave applicants the option of using racially insensitive terms to identify themselves. The process took job seekers to a drop-down menu that included “yellow” and “mulatto” with Caucasian, black and other options. The IT services company said the application had been automatically imported fromRead More

Alibaba CEO Daniel Zhang Rules Out Layoffs This Year

Alibaba Group Holding expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday. The comments contradict Chinese media reports and market speculation about job cuts and a pull-back for China’s Internet sector amid weakening domestic demand and an prolonged trade dispute with the United States. “This year we not onlyRead More

Amazon Echo Speakers Are Back Online, but Amazon Basics Products Are Still Unavailable

Amazon’s Echo smart speakers are back on the online marketplace, just hours after disappearing possibly due to the new e-commerce regulations. In December last year, the Indian government had tweaked the foreign direct investment (FDI) rules for e-commerce companies in India, directly affecting giants like Amazon and Walmart-owned Flipkart – the deadline for these changesRead More

Google Being Investigated by Turkey’s Competition Authority

Turkey’s competition authority said on Monday it had launched an investigation into whether internet search engine Google broke competition law with algorithms it uses for searches and to target advertisements. The probe follows a complaint that Alphabet’s Googleunit had “abused its dominant position and made the efforts of other companies difficult”, the authority said. The investigationRead More