Facing what local reports are calling a “triple threat” retailers across the pond are reporting a distinct lack of enthusiasm for what is next to come. Costs are going up as wages are being driven up by statute, consumers preferences are rapidly re-align and moving...
Uber is preparing to fight bigger battles in Europe and elsewhere as an end to its regulatory battles appears to be a distant idea. To better navigate through its many legal hurdles, the ride-hailing company has hired Neelie Kroes, former VP of the European Commission...
Klarna — a Swedish payments provider for eCommerce businesses — is making the jump from the digital to the physical world. Later this month, Klarna will roll out its first in-store solution. The move into real-world — versus digital — commerce comes as retail transactions...
The European Commission has informed Google of its preliminary view that the company has, in breach of EU antitrust rules, abused its dominant position by imposing restrictions on Android device manufacturers and mobile network operators. The commission’s preliminary view is that Google has implemented a strategy on...
PayPal is launching PayPal Credit today in the U.K., which means, going forward, British consumers will have the option of leveraging a PayPal account to pay for goods over time instead of using a traditional credit card. The new feature will work on any PayPal-enabled...
FinTech startup Ripple announced its debut in Europe with the opening of a new office in London, which will serve the growing banking demands in the region. “We’re excited to continue growing our global presence by establishing roots in London, one of the most important financial centers of the...
Visa Europe is on a mission — and the latest step in that mission hit the ground today. Today (March 21) the company launched its “Cashfree and Proud” campaign, which aims to inspire consumers to switch to contactless payments, if they have not already. Targeting...
London-based bank HSBC announced on Friday (March 18) that it has officially kicked off the search for a new chairman. The bank confirmed the nomination committee of its board is leading the search efforts and plans to have a new a successor for current Chairman...
The Royal Bank of Scotland is cutting costs by scaling back its in-person services and making a move towards using digital “robo-advisors,” resulting in the loss of about 550 jobs. After posting its eighth successive net annual loss, the state-backed bank plans to remove nearly...