Singapore-based Sea Ltd’s took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce which uses in-app mini-games that offer coupons to winning users. Sea has combined online shopping with… Read More ›
In a statement Deliveroo said, the value of orders on its platform has more than doubled in the first half of this year, despite the gradual reopening of restaurants in Britain – its biggest market. In a statement Deliveroo’s CEO, Will… Read More ›
In a statement the President of the Richmond Federal Reserve said, the U.S. economy may be “on the brink of completing the recovery” from the recession that was triggered by the coronavirus-induced COVID-19 pandemic. “Vaccines are rolling out, and case… Read More ›
In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›
British lender NatWest is the latest UK retail and commercial bank to switch to issuing Mastercard debit cards from Visa, in an agreement that includes 16 million consumer and business customer cards. The development sees Mastercard, which has since long… Read More ›
On Tuesday, British sportswear retailer JD Sports said, it had acquired shoe retailer Shoe Palace for $325 million. The acquisition of Britain’s biggest sportswear retailer marks of U.S.-based Shoe Palace marks its intention of expanding its footprint in the U.S. market…. Read More ›
In a significant development, the U.S. Department of Agriculture stated, it will be funding a $1 million research project to identify how COVID-19 could potentially enter the nation’s beef supply chain, starting from cattle in farms to packages of meat… Read More ›
Zara’s owner, Inditex, a fashion retailer, has reported quarterly profits in the three months from May to July even as Wuhan corona virus-wary consumers stayed away from city center shopping districts; sales however were down by 31%, compared to the… Read More ›
According to sources familiar with the matter at hand, private equity firm TPG is exploring the potential sale of Astound in a deal that could value the “owner of a U.S. network of regional cable TV and internet providers at… Read More ›
In a statement, Japan’s Toyota Motor Corp stated, it will commence offering its cars in India on short term subscription and leases basis. The move is aimed at tapping burgeoning demand for private transport with travelers avoiding public, communal journeys… Read More ›
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