Global commerce company Digital River, which works with established and fast-growing brands, has announced that it had a new record of clients introduced in the second quarter, beating last year’s numbers by 66%, according to a press release emailed to PYMNTS. Some of the new...
International Finance Corp (IFC) is teaming up with McCormick & Company and Citi to advance social and environmental sustainability by offering financial incentives to suppliers. The initiative has already rolled out in Indonesia and Vietnam, and plans are in place to introduce the incentive program...
Research firm Canalys said U.S. organizations have spent over $18 billion on cloud services in the first quarter of this year alone, TechRepublic reported. That’s an increase of 29 percent from the same time in 2020. The spending was also the highest in two years,...
The U.S. saw 10 bankruptcy filings by large corporates with at least $50 million in liabilities in April, but that’s almost 50 percent lower than the same period last year, when there were 19 filings, Bloomberg reported on Tuesday (May 4). Traded distressed bonds and loans,...
Verizon is considering selling off its media assets, including parts of Yahoo and AOL, The Wall Street Journal (WSJ) reported, citing unnamed sources. This would show a drastic change of strategy from Verizon’s formerly high ambitions in digital media. The sales process includes private equity...
London-listed international gaming platform Entain posted strong first-quarter 2021 revenues for its digital gambling operations, up by one-third, despite the pandemic lockdowns that shuttered its brick-and-mortar locations on high street. Entain’s CEO Jette Nygaard-Andersen said that the company has made “excellent progress” in meeting strategic...
The workplace is opening back up, albeit slowly. Facebook, Microsoft and Uber have all begun slowly reopening their physical workspace — in a highly limited capacity and on a very voluntary basis. “Our goal is to give employees further flexibility, allowing people to work where...
Google got the work-at-home world buzzing on Thursday (March 18) with a blog post by CEO Sundar Pichai detailing the tech giant’s plan to invest $7 billion in offices and data centers across the U.S., with a corresponding creation of 10,000 new full-time jobs. The...
Carvana, the online used car dealership, has invested $500 million to hire new employees and open new facilities, as the company bets on its pandemic-era upswing in sales lasting longer, The Wall Street Journal (WSJ) reported. Carvana, among other similar retailers, has done well during...