Europe’s energy transition kicks into high gear: In a move toward energy independence from Russia, Europe shifts focus to renewable and nuclear energy, but even that could spark conflict.
Verizon banks on private 5G for business: The carrier’s service in BlackRock’s offices will showcase an opportunity for 5G to shine while challenging Wi-Fi’s dominance in office, enterprise, and government use.
Global iPhone production hits record growth despite chip, component crisis: Demand for iPhone 13 models, reduced pricing on older handsets, and Huawei’s declining market share help Apple reclaim smartphone leadership.
TikTok’s ecommerce priorities are clear with expansion into Southeast Asia: Parent company ByteDance hopes to turn social media users into social commerce adopters.
Despite losses surging more than 300%, Klarna’s gross merchandise volume grew 42% YoY, and it hit 147 million active consumers.
The UK is proving to be a pivotal market for Reddit: the social platform’s London office is courting major agency advertisers as it looks to beef up its advertising business ahead of its IPO.
Crypto mortgages will be niche loans without regulators’ OK: Milo lets wealthy investors buy homes with mortgages fully backed by Bitcoin, but it likely won’t gain traction without regulation.
TD could enhance US growth with First Horizon: The Canada-based banking giant’s proposed tie-up gives it a sizable footprint in a fast-growing part of the US—but it faces a tougher regulatory climate first.
The bank will combine all of its product lines into one app to boost digital engagement.
India’s ecommerce market poised to keep booming: The pandemic spurred fast adoption of digital channels, and the country is set to reach $100 billion in online sales next year.
‘Store within a store’ concepts help retailers reach new customers: Citing incremental sales gains, Target and Kohl’s double down on their partnerships with Ulta and Sephora.
Digital habits were supercharged through the pandemic. For those who had been around digital for much of their lives, however, the suddenly crowded digital ecosystem became a smorgasbord for them to snack on. And younger, more digital generations appear to be quite picky.
Amazon launches an environmentally friendly product line: The move could help the retail giant reposition its catalog toward more sustainable products.
Of the 10 biggest digital retailers in the US, Carvana will see by far the fastest ecommerce sales growth this year. The online car dealer is poised to increase sales by 50.0% to hit $19.11 billion in 2022. This speedy growth will blow past Target’s 22.3% bump and Apple’s 22.0% boost.
Investors—and shoppers—appreciate diversity in grocery: Specialty grocer Weee! raises $425 million to further its expansion into underserved markets.
EVs don’t ignite more than other vehicles, study shows: While gas-powered vehicles catch fire more than EVs, lithium-ion batteries pose different dangers that warrant tailored safety protocols.
We detail why Amazon’s move is a timely one, and why it isn’t tapping its own telehealth business.