India’s diamond industry, already reeling from COVID-19, has been dealt another blow, with the introduction of a 2% online sales tax. The so-called Equalization Levy will be applied to all sales made by any foreign e-commerce operator – including suppliers of rough or polished diamonds – to any resident or business in India. The government […]

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Facebook announced on Tuesday it is launching Shops, a service that will allow businesses to display and sell products on its platforms. Mark Zuckerberg, Facebook’s CEO, is positioning Shops as a tool for small businesses, many of which have had to close their doors and move online due to the coronavirus pandemic. Facebook currently allows […]

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Astrid & Miyu founder, Connie Nam, has decided to run a complimentary mentorship program for small businesses that have been affected by COVID-19. This will initially be a three-month program but could be extended subject to the environment. Nam will firstly select three people who she thinks may be able to benefit the most, but […]

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EBay may be known globally as one of the big names in the online retail world, but the company is going to open a concept store in the UK for a limited period, populated by small businesses that it’s been working with. The aim is that small businesses will be able to sell and showcase […]

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Senior officials of the department of commerce will meet exporters and export promotion councils on Tuesday in the wake of slowing growth of various exporting sectors. Declining exports of labour intensive products including leather, gems and jewellery, man-made yarn, and pharmaceuticals had pulled down the overall growth of outward shipments from the country in December […]

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India will ban e-commerce companies such as Amazon.com and Walmart -owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An […]

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Global e-commerce events Black Friday and Cyber Monday are predicted to attract over half of British consumers when they get underway on November 24. New research from Barclaycard has found that while 22% of potential shoppers are putting money aside to spend during the digital sale, 58% plan to buy goods during the promotions. The […]

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New York is hoping to woo retail giant Amazon to open its headquarters in the city, reports said. “New York city believes it is a strong contender for a number of reasons, including its vast higher education system, diverse workforce, and proven track record with hosting tech headquarters. The city’s Google headquarters now has 5,000 […]

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