EMEA

Asda Cuts Final Grocery Ties to Walmart 2 Years After Spin-Off
Asda Cuts Final Grocery Ties to Walmart 2 Years After Spin-Off
February 17, 2023  |  Retail

As grocers look to lay solid foundations for their digital futures, Asda is dropping Walmart. The United Kingdom-based supermarket chain announced Thursday (Feb. 16) that it is partnering with digital...

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Cazoo Latest Exit Signals Trouble in Europe’s Once-Booming Used Car Market
Cazoo Latest Exit Signals Trouble in Europe’s Once-Booming Used Car Market
February 17, 2023  |  Retail

British auto marketplace Cazoo is selling its German subscription business two years after buying it.  The decision, announced in a Friday (Feb. 17) statement, comes after the online...

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NatWest Believes UK Interest Rates Have Peaked
NatWest Believes UK Interest Rates Have Peaked
February 17, 2023  |  Banking

NatWest believes that interest rates in the United Kingdom have peaked. The bank said in a Friday (Feb. 17) presentation that it expects that the...

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Big Tech Firms Publish Monthly Active Users Data for EU
Big Tech Firms Publish Monthly Active Users Data for EU
February 17, 2023  |  Regulation

Big tech companies have released monthly active users (MAU) numbers to comply with a regulation. Reuters reported Friday (Feb. 17) that the firms released the numbers because...

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Payoneer Adds UK License to Its Global Regulatory Approvals
Payoneer Adds UK License to Its Global Regulatory Approvals
February 17, 2023  |  Digital Payments

Payoneer has received another license as it aims to extend its services around the world. The FinTech company said in a Friday (Feb. 17) press...

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Shein Sees Its Fast Fashion Sales Eclipsing Zara and H&M Combined
Shein Sees Its Fast Fashion Sales Eclipsing Zara and H&M Combined
February 17, 2023  |  Retail

Shein is reportedly telling investors that it plans to double its revenue by 2025. The Financial Times (FT) reported Friday (Feb. 17) that the online...

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Jumia Cuts Low-Value Projects as JumiaPay Transactions Decline
Jumia Cuts Low-Value Projects as JumiaPay Transactions Decline
February 16, 2023  |  eCommerce

Pan-African eCommerce giant Jumia is aggressively pursuing profitability by narrowing losses and growing monetization. In a report detailing its fourth quarter and full year 2022...

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Adyen Opens Applications for First North American Accelerator Event
Adyen Opens Applications for First North American Accelerator Event
February 16, 2023  |  Startups

Adyen is inviting applications for its first North American accelerator event. The financial technology platform said in a Wednesday (Feb. 15) press release that this...

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Only 1 in 3 Grocers Are Upgrading Their Loyalty Programs
Only 1 in 3 Grocers Are Upgrading Their Loyalty Programs
February 16, 2023  |  Loyalty & Rewards

PYMNTS data shows most grocers are missing the opportunity to secure shoppers’ loyalty with rewards. The Context Now, with sky-high food inflation and a prevailing...

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