EMEA

UK SMB Loan and Mortgage Defaults on the Rise
UK SMB Loan and Mortgage Defaults on the Rise
January 20, 2023  |  Economy

The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. In the findings of a survey of lenders in the...

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UK’s Hotel Chocolat Defies Retail Slump, Will Open 50 New Stores
UK’s Hotel Chocolat Defies Retail Slump, Will Open 50 New Stores
January 20, 2023  |  Retail

Hotel Chocolat said focusing on “quality over quantity” paid off during the holiday shopping season. The British omnichannel retailer of luxury chocolates and gifts said...

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European Commissioner: Crypto Rules Needed Worldwide
European Commissioner: Crypto Rules Needed Worldwide
January 19, 2023  |  Cryptocurrency

Cryptocurrency regulations need to be implemented around the world. So said European Commissioner Mairead McGuinness, who said it’s great the European Union (EU) has become...

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Germany’s Paid Training Leave Attempts to Plug Digital Skills Gap
Germany’s Paid Training Leave Attempts to Plug Digital Skills Gap
January 19, 2023  |  Connected Economy

The German government wants to introduce paid leave for employees to undergo training. In comments widely reported in the German media, Labor Minister Hubertus Heil...

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Streaming Platforms Leverage Mobile Payments to Entice MENA Customers
Streaming Platforms Leverage Mobile Payments to Entice MENA Customers
January 19, 2023  |  Mobile Payments

Streaming platforms are embracing mobile payments in the Middle East and North Africa (MENA) region. Around the world, localizing payment methods is key for streaming...

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eGrocery Expands in the UK Even as Basket Sizes Shrink
eGrocery Expands in the UK Even as Basket Sizes Shrink
January 19, 2023  |  Retail

This week in grocery, Ocado sees consumers cutting items from their list as competitors digitize. United Kingdom online grocer Ocado Retail, a joint venture between...

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Moroccan Vehicle Marketplace KIFAL Auto Partners With BMCI for Financing Options
Moroccan Vehicle Marketplace KIFAL Auto Partners With BMCI for Financing Options
January 19, 2023  |  Partnerships

Moroccan online used car marketplace KIFAL Auto is rolling out new vehicle financing options. In a Thursday (Jan. 18) press release, KIFAL Auto and Banque...

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Ransomware Attack Affects 300 UK Yum! Brand Restaurants
Ransomware Attack Affects 300 UK Yum! Brand Restaurants
January 19, 2023  |  Security & Fraud

The fast food company Yum! Brands has announced a major cybersecurity breach in the U.K. In a Wednesday (Jan. 18) statement, the firm, which operates...

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UK Competition Authority Calls Out HSBC for Open Banking Failures
UK Competition Authority Calls Out HSBC for Open Banking Failures
January 19, 2023  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) has found HSBC breached its open banking order. The breach in question relates to the Retail Banking Market...

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