Ford raises 2023 profit outlook but sees bigger EV loss
Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).
TikTok set to sell Chinese products in the US soon
With TikTok gearing up to launch its e-commerce platform in the U.S., buyers will have access to a wide range of products from China.
Stocks tread water while dollar dips after latest Fed rate hike
Wall Street stocks tread water while the dollar dipped Wednesday after the Federal Reserve lifted interest rates and signaled the possibility of further increases.
Apple Pay and contactless payments set to surpass cash in stores by 2023
A survey has revealed a major shift in payment preferences, indicating that Apple Pay and Contactless Payments will soon overtake cash payments in physical stores, with 87 per cent of face-to-face payments in the UK in 2022 being contactless.
The UK Is Promising New Trade Routes – Will It Deliver?
The UK has struggled to recover from Brexit but promises new trade routes on the horizon. Will it deliver? Discover here.
More than half of UK businesses say customers are spending less
Recent research has shed light on the shifting trends, indicating a rise in remote work and an increasing preference for second-hand shopping among UK consumers.
British berry sector facing critical challenge amidst rising production costs
The British berry sector is confronting a critical challenge as retailers fail to keep pace with growers' increasing production costs.
Study reveals 81% UK online shoppers 'are concerned about fashion's environmental impact'
Makip exposes that the majority of UK online shoppers are worried about the environmental consequences of ordering multiple clothing items in various sizes.
Advertisers planning to move their ad spending from Twitter to Threads
After debuting earlier this month, Threads has amassed over 100 million sign-ups, catching the attention of several companies and digital marketing agencies.
Cost of living crisis leads UK consumers to welcome deinfluencer content
According to a recent report, UK consumers are growing disinterested in the influencer culture, with many unfollowing accounts that portray unrealistic lifestyles.
Operating profits in the grocery retail industry dropped by over 41%
According to CMA, competition in the UK grocery retail industry will keep price increases low, despite food and grocery costs at historically high levels.
Grocery price inflation sees notable decline while promotional spending rises
According to Kanta, a market research company, there was a significant 1.6 percentage point decline in grocery inflation towards the first week in July.
Why are more UK consumers shifting towards the metaverse and ChatGPT?
According to a recent study, the increasing adoption of the metaverse and AI-powered chatbots is reshaping how UK consumers engage with brands during purchases.
Vegan diet has a much more positive impact on environment, study finds
A vegan diet causes less damage to the environment than a high-meat diet, claims a study conducted by researchers in the UK.
UK inflation drops to almost 8% in June 2023, marking significant slowdown in price growth
Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.
Holidaymakers 'risk their lives' by buying cocktails in popular Spanish town
The peak summer travel season is ongoing in most parts of Europe.
UK officially joins CPTPP trade group, opening doors to new opportunities
UK formally joins CPTPP trade group, opening doors to new opportunities for British businesses with reduced tariffs and increased investment.
The Adobe-Figma merger could affect the digital economy of Britain
The Competition and Markets Authority has found that the proposed Adobe-Figma merger could have potentially negative effects on the UK digital economy.
Research reveals overstocking costs businesses an average quarterly loss of nearly £900,000
A recent report has exposed the overstocking challenge facing UK retailers, which has led to millions in lost income and jeopardised their financial stability.
How did this British startup earn nearly £30 million in sales during the pandemic?
British startup Luxtripper showed the way to recover from COVID-19 setbacks by building a resilient system within the past three years of turbulent times, gaining 144.87 per cent growth and £27.9 million in sales.
Research reveals UK customers are losing faith in parcel delivery sustainability and service quality
UK customers are losing confidence in residential parcel delivery due to concerns about sustainability and deteriorating services.
'Thread with caution' – UK marketing firm tells SMEs to be wary of the social media platform
As internet users flock to Threads, business owners are advised to approach the platform with caution and foresight, considering compatibility and potential risks.
Disappointing 'search relevancy' cost retailers over $2 trillion globally
Online retailers fall short of Google's high search relevancy standards, with "search relevancy" leading the difficulty list for 85 per cent of UK retailers.
A fuel finder scheme could help drivers find the cheapest fuel along Britain's motorways
The CMA studied the road fuel market in depth to realise that the competition in retail has weakened since 2019, leading to them proposing a fuel finder scheme that helps consumers compare fuel prices.
Apple brings Tap to Pay on iPhone for UK businesses
Apple's Tap to Pay will be available to UK-based merchants, who have an iPhone XS or newer with a supported payment app.
Aspartame sweeteners 'possibly carcinogenic', says WHO
The WHO said Friday it was now classifying aspartame, an artificial sweetener commonly used in soft drinks, as "possibly carcinogenic to humans" -- though the acceptable daily intake level remains unchanged.
US arrests former head of bankrupt crypto platform Celsius
US prosecutors arrested the former head of Celsius Network on fraud charges on Thursday, a year after the cryptocurrency platform filed for bankruptcy protection while owing investors $4.7 billion.
UK economy falters as outlook darkens
The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.
British online retailers increase spending on advertising, inventory and software by 19%
UK online retailers have increased their spending on advertising, inventory and software in Q2 2023 driven by a 15 per cent YoY increase in inventory investment.
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