During Bezos visit, India minister says Amazon’s $1 billion investment is no big favour

Amazon (AMZN.O) hasn’t done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S. online retail giant during a visit to the country by its CEO Jeff Bezos. Amazon and Walmart’s (WMT.N) Flipkart are facing mounting criticism from India’s brick-and-mortar retailers, which […]

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European firms call for tougher EU approach to China

European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses. BusinessEurope, an organisation grouping business federations from 35 countries, said China was the most restrictive of the EU’s major trading partners — with numerous barriers to investment, strict requirements for joint […]

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