Shoppers expect free, fast shipments, convenient return process
Shoppers’ expectations for online purchasing have undergone significant changes in recent years, particularly when it comes to shipping and returns. According to a recent study by AlixPartners, a staggering 92% of consumers reveal that any delays in delivery significantly influence…
Alphabet stocks drop on AI investment concerns
Alphabet Inc., the parent company of Google, recently experienced a notable drop in its stock price, falling over 3%. This decline raises significant concerns primarily surrounding its increasing investments in artificial intelligence (AI) infrastructure. Investors fear that these substantial financial…
AI demand lifts IBM earnings
In a recent boost to its earnings, IBM reported a significant increase in revenue driven by the heightened demand for artificial intelligence (AI) technology. The company’s Watsonx platform has become a focal point for businesses investing in AI solutions, reflecting…
Huawei’s rise challenges Apple’s position in Chinese market
Huawei’s resurgence in the Chinese smartphone market is significantly influencing Apple’s strategies. Recent analyses highlight that Huawei has seen a remarkable recovery, packing considerable pressure on Apple’s once-untouchable market position. The catalyst for this shift stems from Huawei’s aggressive pricing…
China cracks down on unauthorised ChatGPT access
China’s recent crackdown on unauthorized access to ChatGPT highlights its strict regulations surrounding artificial intelligence (AI) and internet freedom. Amid rising concerns over data privacy and national security, the Chinese government has intensified its efforts to control AI technologies, particularly…
Retail media’s impact on logistics: A balancing act for retailers
Retail Media’s Impact on Logistics: A Balancing Act for Retailers As e-commerce continues to grow, the pressure on retailers to enhance their logistics efficiency intensifies. Retail media, while a source of high-margin revenue, complicates this balance by driving demand that…
United Natural Foods launches retail media network for grocery retailers
United Natural Foods, Inc. (UNFI), a leading wholesale distributor of food and grocery items, has made a significant advancement in the retail landscape by launching the UNFI Media Network in May 2024. This innovative platform aims to revolutionize digital marketing…
Apple Maps launches web beta, more features soon
Apple Maps is stepping up its game with the launch of its web beta version, designed to compete directly with the industry leader, Google Maps. As of now, this new web iteration supports English and is optimized for both Safari…
FCA fines Coinbase subsidiary for lax anti-money laundering controls
In July 2024, the Financial Conduct Authority (FCA) imposed a significant fine of £3.5 million (approximately $4.5 million) on CB Payments Limited, a subsidiary of cryptocurrency giant Coinbase. This action follows the FCA’s determination that CB Payments lacked adequate anti-money…
EU and Singapore finalise digital trade deal
The recent digital trade agreement between the European Union (EU) and Singapore marks a significant milestone in global commerce. Finalized on July 25, 2024, this deal is positioned to reduce business costs and enhance services trade, reflecting Singapore’s status as…
