The ugly Christmas sweaters you’re eyeing might still see a tariff price hike before the holiday season, according to an industry group. In an attempt to save Christmas, President Donald Trump announced earlier this month that tariffs on some Chinese goods will be delayed until Dec. 15. Retail and department store stocks including American Eagle, Abercrombie and Macy’s all jumped […]
The years-long battle between Amazon and retail companies has spilled over into the shipping industry, with FedEx and UPS adjusting their strategies as the tech giant, once simply a customer, is now a major competitor. FedEx has announced two changes to its relationship to Amazon in recent months, including ending the ground delivery contract with the e-commerce pioneer. Meanwhile, UPS is exploring […]
Didi Chuxing, China’s version of Uber, announced plans to launch a robotaxi service in Shanghai where users will be able to hail driverless cars from the app. The ride-hailing company will deploy 30 different models of so-called level four autonomous vehicles in the Jiading district of Shanghai. Level four self-driving cars have a high degree […]
Singapore in all probability will have new digital banks by mid-2020. The country’s banking regulator, the Monetary Authority of Singapore is expected to award licenses to such banks by early next year and the entities soon. MAS said it expects to complete the procedure of accepting applications by the year-end and assessment with a brief […]
Visa has unveiled a suite of new security services and capabilities to detect and disrupt fraud threats targeting banks and merchants. Among the free tools are Visa Vital Signs, which actively monitors transactions and alerts financial institutions of potential fraudulent activity at ATMs and merchants that may indicate cashout attacks. Another new feature applies deep […]
Online bank Starling is today cutting the ribbon on its new office in UK town Southampton as it looks to bolster its operational resources. The office will employ 150 people, comprising 50 software engineers and 100 customer service staff, the majority of which will be new hires. Like other challenger banks, such as Revolut which […]
Britain’s vote to exit the European Union in 2016, divided the country and put a strain on the England, Wales, Scotland and Northern Ireland. Majority of England Wales chose to exit the EU whereas Scotland and Northern Ireland voted to remain in the referendum. This further lead Scotland’s Nationalist government to demand independence arguing that […]
A Future Run by Intelligent Machines Imagine waking up on a beautiful Monday morning with a busy day at the office ahead of you, yet feeling surprisingly calm. Breakfast needs to be prepared for the kids and for yourself, and there is no maid to help. You are still not worried. You feel a bit […]
With the never-ending population of the country, cities are on a rise and thus the way we manage the growth of our buildings is critical to the global economic and social development. Tall buildings throw a challenge to the environment but are they really a solution? With the urbanization touching heights, the construction of high-rise […]
The basic thing our science teachers taught us when we were kids back in school was about renewable and non-renewable sources of energy. And you obviously must have guessed by now that solar energy is a renewable source of energy as it uses the energy of the sun whereas the fossil fuels are non-renewable. The […]
In recent years, cryptocurrency has taken over the world by a storm. Everyone either wants to learn more about it or are worried about what the further virtual currencies hold for them. Though there are critics stating that cryptocurrency will either die its own death or be killed by big establishments that would want to […]
Walgreens Boots Alliance will close another 200 Walgreens drugstores in the U.S. on top of the 200 Boots pharmacies the global retail pharmacy chain already said it would shutter in the United Kingdom, the company disclosed. The new closures, which will result in a hit to Walgreens earnings of at least $1.9 billion, is part of a global […]
Consumers in Asia Pacific are some of the most advanced when it comes to digital engagement with financial services, with seventy-three percent of consumers believing that they should be able to accomplish any financial task on a mobile device, according to new data released by Forrester. Consumers today prefer to interact with their financial services providers on digital […]
A leading voice in the UK food industry has called for a temporary pause of competition law to allow firms to work with each other in order to ensure supplies in the event of a “no-deal” Brexit. Food and Drinks Federation boss Tim Rycroft told the BBC Wednesday that leaving the European Union (EU) without […]
UAE residents will enjoy a four-day holiday for Eid Al Adha. The Dubai Roads and Transport Authority (RTA) has announced free parking for the Eid Al Adha 2019 holidays. All paid parking zones, except for multi-level parking terminals, will be free to use from Zul Hijjah 9 to 12 (August 10 to 13), the RTA […]
