Book bargain hunters will be disappointed to learn Costco plans to stop selling books at most of its U.S. stores at the beginning of the year. In January, Costco will remove the store’s popular book section from the majority of its 600-plus stores in the United States. And it will only return during the holiday […]
Holiday shoppers got an early jump on Black Friday shopping this year, spending a record $6.1 billion on Thanksgiving, according to Adobe Analytics. Sales on the holiday increased year-over-year by 8.8%, a jump from 2023, which saw Thanksgiving sales climb by 5.5% as consumers looked to keep stretching their dollar. Toys were popular with parents […]
US stocks closed at record highs on Friday, with the Dow Jones Industrial Average (^DJI) rising 0.4% to close at a record high and the S&P 500 (^GSPC) gaining 0.6% to reach a record at the end of a holiday-shortened trading session. Friday’s rally, which included a 0.9% jump from the tech-heavy Nasdaq Composite (^IXIC), […]
A coalition of Canada’s biggest news outlets is suing OpenAI, the maker of artificial intelligence chatbot ChatGPT, alleging the company is illegally using news articles to train its software. News organisations including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press and CBC have all joined the suit, reportedly the first […]
Printemps, France’s second-largest luxury department store, has become the first major European retailer to adopt cryptocurrency payments.The blog post said the deal saw the retailer partner with the payment solution from global crypto exchange Binance, called Binance Pay, along with French fintech firm Lyzi, allowing purchases using digital currencies in any one of Printemps’ stores […]
Network International and Gate To Pay have partnered to accelerate digital payments in Jordan, enhance the country’s financial infrastructure, and foster a digitally enabled, inclusive economy. The collaboration, announced during the MENA ICT event, aims to provide secure and accessible digital payment solutions to businesses and consumers. By improving customer experience, streamlining compliance, and facilitating platform integration, […]
Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group’s billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group’s listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile […]
Canada’s Competition Bureau is suing Alphabet’s (GOOGL.O), opens new tab Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday. The Competition Bureau, in a statement, said it had filed an application with the Competition Tribunal seeking an order that, among other things, requires Google to sell two of its ad […]
These days, the luxury consumer looks for more than just high-quality products, placing as much importance on a smooth and convenient shopping experience as they do the goods they are spending on themselves. Increasingly, this has extended to transactions, with affluent customers eager to be able to make safe and seamless payments for high-value items […]
Africa’s digital payment landscape is undergoing a rapid transformation, driven by the increasing demand for efficient, secure, and accessible transaction methods. Consumers and businesses alike are embracing these solutions, leading to significant growth in the sector and unlocking vast opportunities across the continent. “Policies such as the CBN’s cashless initiative are propelling the adoption of […]
Six months after San Francisco-based fintech company Synapse filed for bankruptcy, users are still scrambling to access their money, and about $90 million of customer funds is missing. Many are calling into question the legitimacy and safety of financial technology (fintech) companies. With the rising popularity of fintechs, should you be concerned? Here’s a closer […]
Cross-border payment hub, Tranglo, has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-border payment solutions to the region. By expanding its payout network to these eight countries in Africa, Tranglo aims to bridge […]
