UK watchdog opens formal probe of Amazon Deliveroo deal | One America News Network One America News Network

(Reuters) – Britain’s competition regulator said on Wednesday it had launched a formal investigation into Amazon.com Inc’s investment in food delivery company Deliveroo, setting a Dec. 11 deadline for a decision https://reut.rs/2ONs4b0 on the first phase of its probe. The Competition and Markets Authority (CMA) said it was looking into whether Amazon’s investment in May, when it led a $575 million fundraising, could result in a “substantial lessening of competition” within the United Kingdom. Deliveroo is one of Europe’s fastest growing tech companies and uses 60,000 riders dressed in black and teal jackets to deliver meals from more than 80,000 restaurants and takeaway outlets in 13 countries. Amazon bet that its investment in the company would give it an inroad to pit itself against Uber Eats in the race to dominate the market for takeaway meals, worth around $100 billion globally. The CMA previously ordered Amazon and Deliveroo to operate independently on concerns that the companies had “ceased to be distinct” or were putting in place arrangements which would result in the same. “Deliveroo is cooperating fully with the CMA. This minority investment will help to create jobs...

40 Surprising Home Products On Amazon That Are Skyrocketing In Popularity

Sure, Amazon is synonymous with the breadth of its offerings — you can get everything from apple slices to a 1.5-ton belt sander on the site — but it’s somewhere in the middle, like with these surprising home products, that it really shines. I mean, sure, it’s fun to gab with your besties about the strangest thing Amazon recommended today. At the end of the day, though, it’s the products that legit have the capability to make our lives easier that positions Amazon as the change-maker it is in our day-to-day lives. The examples are plentiful: I love this personal blender that’s small but mighty, petite enough to pack with you on business or leisure trips but powerful enough to crunch ice into your beverage, for example. There’s this sprayer attachment that cuts your cleaning time in half, whether you’re scouring your dishes, scrubbing your windows, or getting your car clean for a big weekend. Or there’s this massaging shower mat that scrubs your feet while treating them to a circulation-restoring massage — a winning combination if I’ve ever heard one. Who knows — it could be that what you need to really live your best life is just ...