AMAZON OPENS FIRST EU AIR HUB

Amazon Air, the in-house cargo airline of the online retail giant, last week opened its first regional air hub in Europe and began flying to New Orleans as it rapidly builds out a network of airports to help meet growing customer expectations for faster order delivery. The European air cargo base is very small small, but gives Amazon (NASDQ: AMZN) the ability to eventually challenge the Big Three express carriers – DHL, FedEx and UPS – for market share. SOURCE: freightwaves.com

EQUITY FIRMS EYE WILLIAM HILL IN EUROPE

Buyout firms are once again circling William Hill, this time for its European operations following a deal with American firm Caesars Entertainment. In late September William Hill said it had given Caesars Entertainment the green light for a £2.9bn deal, which will be put to a shareholder vote on 19 November. Once shareholders have approved the takeover Caesars will auction off William Hill’s 1,400 betting shops and its operations outside America. SOURCE: cityam.com

ANOTHER FIRM CHOOSES DUBLIN

SumUp, a contactless payments processing company, has pumped more than €120m into its Irish subsidiary as part of a plan to run its EU business through Dublin. The company, which provides mobile card-reader machines to small businesses, was recently granted an electronic money licence by the Central Bank of Ireland, which allows tech outfits to carry out payments across the trade bloc. SOURCE: thetimes.co.uk

BREXIT BLOW TO COVID RECOVERY

Britain could take five to 10 years to properly recover from the pandemic because the COVID-19 financial hit will sap the economy of the firepower it needs to rebuild for Brexit, advertising supremo Martin Sorrell said on Monday. Britain has recorded the worst death toll in Europe and the deepest economic contraction of any leading G7 nation from the coronavirus, forcing it to pump more than 200 billion pounds ($263 billion) into the economy to keep it afloat. SOURCE: Reuters

FILE PHOTO: Amazon