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Amazon hit with record $885 million fine for violating EU privacy rules

TechSpot

The retail giant has been fined a whopping €746 million ($885 million) after Luxembourg's National Data Protection Commission (CNPD) found. Amazon seems to be doing relatively well under its new leadership, but the company's growth is slowing down and the shortcuts taken to achieve its gargantuan size are biting again.

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Amazon’s $300 million tax bill rejected by EU judges

The Verge

The Amazon case can be traced back to 2006, when the e-commerce giant established a labyrinthine tax structure in Europe that allowed it to funnel revenue from all EU sales through a subsidiary based in Luxembourg. Internally, Amazon referred to this as Project Goldcrest , named after Luxembourg’s national bird.

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Next-gen air conditioning: new electrocaloric material could replace harmful refrigerants

TechSpot

By combining a number of existing techniques, scientists from the Luxembourg Institute of Science and Technology in Belvaux have developed. Read Entire Article

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Instagram feeds start displaying Amber Alerts today

TechSpot

Over the next two weeks, they'll come to 24 other countries, including Argentina, Australia, Belgium, Bulgaria, Canada, Ecuador, Greece, Guatemala, Ireland, Jamaica, Korea, Lithuania, Luxembourg, Malaysia, Malta, Mexico, the Netherlands, New Zealand, Romania, South Africa, Taiwan, Ukraine, the UK, and.

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How an Apple AirTag and Twitter saved a cyclist's $8,000 bike

TechSpot

Barry Sherry of Virginia wanted to travel to Europe for what was probably the 68-year-old's last "epic" bike trip abroad, cycling through Switzerland, Luxembourg, and Finland, writes CNN. Read Entire Article

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Amazon fined record $887 million over EU privacy violations

The Verge

Now that Amazon’s Q2 earnings are in , it has submitted a 10-Q filing with the SEC that includes additional details like this eye-popping note about a fine imposed by Luxembourg’s National Commission for Data Protection (CNPD) (via Bloomberg ).

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European Union court strikes down $1.2 billion Intel antitrust fine

TechSpot

This week the EU’s second-highest court in Luxembourg ruled in support of Intel and dropped a fine of 1.06 billion Euros ($1.2 billion) that the European Commission levied against Intel. The case goes way back to 2000 when competitor AMD started raising complaints that Intel was giving European retailers special.