logo
Jeff Bezos wedding with Lauren Sanchez in Venice: 'No Space for Bezos' protests force Amazon founder to change celebrity party venue

Jeff Bezos wedding with Lauren Sanchez in Venice: 'No Space for Bezos' protests force Amazon founder to change celebrity party venue

Economic Times2 days ago

Venice has hosted scores of other VIP weddings, including that of actor George Clooney and human rights lawyer Amal Alamuddin in 2014.
Demonstrators hold smoke flares while standing by a banner that reads 'No space for Bezos' as they take part in a protest against Amazon founder Jeff Bezos in Venice. (Reuters photo)
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
FAQs
Tired of too many ads?
Remove Ads
Mass tourism, impossibly high rents, worker exploitation, inequality and elitism: Venice, Italy's protests in recent days against Jeff Bezos and Lauren Sanchez's high-profile wedding have highlighted growing global grievances. "No Space for Bezos" banners draped over the iconic Rialto Bridge and a huge canvas laid out on St Mark's Square urging the tech billionaire to pay more taxes have been seen all over the world. Concerns of greater disruptions forced Bezos and his bride to move their final and biggest celebrity party from the central district to a more isolated venue in the eastern part of the lagoon city, as per a report."The idea that the city should be seen as a set, a stage, or an amusement park has been highlighted like never before by Bezos' wedding," Tommaso Cacciari, a frontman for the No Space for Bezos movement, told Reuters.In the final protest on Saturday, around 1,000 residents and activists rallied in front of Venice's train station under a scorching sun, before marching roughly 1.5 kilometres (0.93 miles) to the Rialto Bridge.They carried banners including one proclaiming 'Kisses yes, Bezos no', playing on Venice's reputation as the city of love, and another one saying 'No space for Bezos' with a rocket, in a reference to his Blue Origin space technology company.Venetian businesses and politicians, however, welcomed the event, hailing its major boost for the local economy. Luca Zaia, the regional governor of Veneto around Venice, said the city should be proud of hosting the wedding.Bezos and Sanchez have given 1 million euros each to three Venetian institutions: CORILA, an academic consortium that studies the lagoon, UNESCO's local office, and Venice International University. Protesters have called Bezos a 'hypocrite' for donating 3 million euros ($3.5 million) to Venice while flooding its fragile ecosystem with high-polluting private jets and yachts.In Italy, the e-commerce giant has faced criticism and strikes from trade unions over labour practices, and scrutiny over tax compliance. Reuters reported in February that Italian prosecutors were investigating alleged tax evasion worth 1.2 billion.Venice is rapidly depopulating, largely because of the cost of living crisis. Its historic city centre now has fewer than 50,000 residents, compared to more than 100,000 some 50 years ago.The city has hosted scores of other VIP weddings, including that of actor George Clooney and human rights lawyer Amal Alamuddin in 2014.A1. Amazon founder is Jeff Bezos.A2. Venice is rapidly depopulating, largely because of the cost of living crisis. Its historic city centre now has fewer than 50,000 residents, compared to more than 100,000 some 50 years ago.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says he's ending trade talks with Canada over its 'egregious' tax on technology firms
Trump says he's ending trade talks with Canada over its 'egregious' tax on technology firms

Economic Times

timean hour ago

  • Economic Times

Trump says he's ending trade talks with Canada over its 'egregious' tax on technology firms

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel President Donald Trump said Friday that he's suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called "a direct and blatant attack on our country."Trump, in a post on his social media network, said Canada had just informed the U.S. that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The tax is set to go into effect Monday."Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period," Trump said in his announcement was the latest swerve in the trade war he's launched since taking office for a second term in January. Progress with Canada has been a roller coaster, starting with the U.S. president poking at the nation's northern neighbor and repeatedly suggesting it would be absorbed as a U.S. Prime Minister Mark Carney said Friday that his country would "continue to conduct these complex negotiations in the best interests of Canadians. It's a negotiation."Trump later said he expects that Canada will remove the tax."Economically we have such power over Canada. We'd rather not use it," Trump said in the Oval Office. "It's not going to work out well for Canada. They were foolish to do it."When asked if Canada could do anything to restart talks, he suggested Canada could remove the tax, predicted it will but said, "It doesn't matter to me."Carney visited Trump in May at the White House, where he was polite but firm. Trump last week traveled to Canada for the G7 summit in Alberta, where Carney said that Canada and the U.S. had set a 30-day deadline for trade digital services tax will hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving U.S. companies with a $2 billion U.S. bill due at the end of the month."We appreciate the Administration's decisive response to Canada's discriminatory tax on U.S. digital exports," Matt Schruers, chief executive of the Computer & Communications Industry Association, said in a and the U.S. have been discussing easing a series of steep tariffs Trump imposed on goods from America's Republican president earlier told reporters that the U.S. was soon preparing to send letters to different countries, informing them of the new tariff rate his administration would impose on has imposed 50% tariffs on steel and aluminum as well as 25% tariffs on autos. He is also charging a 10% tax on imports from most countries, though he could raise rates on July 9, after the 90-day negotiating period he set would and Mexico face separate tariffs of as much as 25% that Trump put into place under the auspices of stopping fentanyl smuggling, though some products are still protected under the 2020 U.S.-Mexico-Canada Agreement signed during Trump's first reporters after a private meeting with Republican senators Friday, Treasury Secretary Scott Bessent declined to comment on news that Trump had ended trade talks with Canada."I was in the meeting," Bessent said before moving on to the next 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager to 80% of Canada's exports go to the Beland, a political science professor at McGill University in Montreal, said it is a domestic tax issue, but it has been a source of tensions between Canada and the United States for a while because it targets U.S. tech giants."The Digital Services Tax Act was signed into law a year ago so the advent of this new tax has been known for a long time," Beland said. "Yet, President Trump waited just before its implementation to create drama over it in the context of ongoing and highly uncertain trade negotiations between the two countries."

Carney bends against Trump: In surprise shift, Canada drops Digital Tax to reignite trade talks with US
Carney bends against Trump: In surprise shift, Canada drops Digital Tax to reignite trade talks with US

Time of India

timean hour ago

  • Time of India

Carney bends against Trump: In surprise shift, Canada drops Digital Tax to reignite trade talks with US

On June 29, 2025, Canada's government said it is removing the Digital Services Tax (DST) to help restart trade talks with the U.S, as per the Department of Finance Canada. This decision comes from Prime Minister Mark Carney, who wants to get the best economic and security deal for Canada with the U.S. Carney and Trump agreed to restart trade talks and aim to finish a deal by July 21, 2025. The DST was first introduced in 2020 because big tech companies like Amazon were making money from Canadians but not paying fair taxes. Canada wanted to tax big tech Canada had hoped for a global agreement on taxing digital companies but made the DST in the meantime. The tax was supposed to be 3% on digital services revenue from Canadian users if the firm made over $20 million per year, with charges going back to 2022, as per the report by Reuters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cyprus Is Open for Investors - You Might Be Interested Cyprus Invest | Search ads Undo The first DST payment was supposed to be collected on June 30, 2025, but now that's been cancelled. Finance Minister François-Philippe Champagne will now introduce a law to officially remove the Digital Services Tax Act, as stated by the Department of Finance Canada. ALSO READ: Wordle answer and hints today, June 30: Puzzle #1472 – clues, meaning, and full guide to solve it Live Events Carney said the government will only make deals that help Canadian workers and businesses, and this move helps negotiations move forward. Champagne added that the goal is to make Canada the strongest economy in the G7, and scrapping the tax will help with that, as quoted by PM Carney in Finance Canada. Trump pushed back hard On Friday, Trump had suddenly stopped trade talks, calling the digital tax a 'blatant attack' on U.S. tech companies. Trump warned he would put new tariffs on Canadian goods within a week if the tax stayed, according to the report by Reuters. This trade fight came just weeks after a friendly G7 meeting, where both leaders said they wanted a new deal in 30 days. After the announcement to drop the tax, stock markets rose, and good vibes spread to Asian markets too, according to reports. In 2024, the Biden administration had also complained about the tax, saying it broke trade rules in the USMCA deal. Canada is America's second trade partner, just behind Mexico, and one buyer of U.S. goods, so keeping trade calm is important. Canada had avoided Trump's big tariffs from April, but still faces 50% duties on steel and aluminum, as per the report by Reuters. FAQs Q1. Why did Canada remove the Digital Services Tax? Canada removed DST to restart trade talks with the U.S. and avoid new tariffs. Q2. How does the DST affect U.S. companies? It would have charged U.S. tech firms like Amazon 3% on their Canadian digital sales.

Sterling heads for biggest quarterly jump in more than two years
Sterling heads for biggest quarterly jump in more than two years

Mint

timean hour ago

  • Mint

Sterling heads for biggest quarterly jump in more than two years

June 30 (Reuters) - Sterling was on track for its biggest quarterly rise against the dollar in more than two years on Monday, aided by weakness in the dollar across the board and optimism over a trade deal between the United States and Britain. The pound has been among the top beneficiaries of the "sell America" narrative that has dominated much of market sentiment over the past six months, as investors worry that U.S. President Donald Trump's erratic style of policymaking could trigger a U.S. recession that hurt global economies. The British currency is on track for its strongest quarterly performance since October 2022, having gained about 6% against the U.S. dollar. It has appreciated more than 9% during the past six months. On Monday, the pound see-sawed between marginal gains and losses and was last down 0.1% at $1.3705, having rallied over the past two weeks. Against the euro, the currency slipped, with the euro last up 0.2% at 85.59 pence. Investors were also looking favourably upon British assets, as Britain was first among global economies to strike a trade deal with the United States. An agreement to lower U.S. tariffs on some industrial items from Britain also came into effect on Monday. "The UK was first out of the block in terms of getting a deal signed with the United States, although there is still going to be pockets of uncertainty to some sectors," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. "Even so, it has again brought more stability in terms of the relationship that the UK has with the U.S... compared to the European Union, where there (are) still no agreements." Meanwhile, data confirmed that the British economy grew at its fastest pace in a year in the first three months of 2025, though signs of softening consumer demand could potentially weigh on the economy in the months ahead. Markets are pricing in the likelihood that the Bank of England could deliver 50 basis points worth of interest rate cuts by December, with the first expected in September, according to data compiled by LSEG. Other British assets were also poised to finish the quarter on a strong note, with domestically-exposed FTSE 250 mid-cap stocks set for their best quarterly performance since October 2020. (Reporting by Johann M Cherian; Editing by Alex Richardson)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store