We have all been told that we have a doppelganger a stranger a friend passed on the street who they say bore an uncanny resemblance to you. But if you could create your very own twin, an exact copy of yourself, one that lived a purely digital life, would you? We are living in an… Read more »
400 of energy giant Shell’s service stations have been sold to Russia’s second largest producer, Lukoil. The amount of the Shell Neft sale is not disclosed. Lukoil is Russia’s largest oil producer after state backed Rosneft. In February Shell announced the sale of its assets because of the invasion of Ukraine. The invasion of Ukraine… Read more »
Home shopping company Studio Retail have been working with TV shopping channel Ideal World TV to launch their live shoppable content across the TV company’s social platforms. Through the deal, Ideal World TV will give Studio space in its Peterborough TV studios to livestream its products on its social media channel as well as broadcasting… Read more »
The main driver of the surprise rise in UK retail sales in April was alcohol and cigarette sales. Last month the volume of sales jumped by 1.4% after a 1.2% fall in March. Despite the rising cost of living weighing on household budgets, sales continue to grow. However, official figures revealed a longer downward trend… Read more »
Ikea will invest in the production of mini-distribution centres in their suburban stores to supply the rising online orders from shops. A huge part of this spending will be made in London, which is more and more viewed as a testbed for the Swedish giant. Homewares & Households leader Ikea is to invest and devote… Read more »
After donating almost his entire £750,000 salary to charity, Matthew Moulding only received £20,000 last year., The CEO was entitled to a bonus which he waived. Following the revelation that THG spent £797,000 on Moulding’s private security between 2020 and 2021, Matthew Moulding would not accept any financial help. After discussions with HMRC, the group… Read more »
Some Gucci shops in America will start accepting crypto-currency payments. Bitcoin, Ethereul and Litecoin are among the crypto-currencies that will be used by customers to make purchases. The service will be rolled out to its flagship stores such as Rodeo Drive in Los Angeles and Wooster Street in New York this month at the latest.… Read more »
The giants of tech like Google or Facebook will have to comply with new rules on the competition established by the British government or else huge fines will be applied The DMU (Digital Market Unit) will have in their possession the ability to bridle “predatory practices” done by the tech leaders with the likes of… Read more »
Amazon has reported its first quarterly loss since 2015 due to lower online sales and a fall in the value of its shares in the electric vehicle firm Rivian. Online sales at the e-commerce giant dropped 3% in the first quarter of the year, as the boom to its business from the pandemic starts to… Read more »
Twitter, which this week agreed to be bought by billionaire Elon Musk, has said its user numbers grew much faster than expected in the past year. Advertising revenue has also been rising, but by less than was forecast. Some observers have questioned Mr Musk’s commercial judgement in buying Twitter, a platform that despite its high… Read more »
Digital now dominates the UK ad market, with three in every four pounds now going to online formats.New research by AA/WARC shows that the UK ad sector grossed a record £31.9bn in 2021, up 34.3 percent year-on-year. partly due to inflationary pressures on the cost of advertising but also a higher than expected growth in… Read more »
The Cannes Lérins Agglomération has launched contactless EMV (cEMV) ticketing on the Palm Bus network in Cannes, France. in collaboration with Palm Bus, Kuba, La Banque Postale, and Littlepay, which provides a payments infrastructure for transport and mobility operators. Passengers across the network of over 200 buses will be able to pay for trips with a Visa… Read more »