Retailers in the U.K. reported a drop in sales for September and expect that trend to continue next month as businesses prepare for the holiday shopping season. A report Friday (Sept. 23) by the Confederation of British Industry (CBI) showed a strong decline in retail...
Since opening its first warehouse store in Seattle 40 years ago, Costco has never wavered from its mission “to continually provide our members with quality goods and services at the lowest possible prices.” But while that mantra and ethos has served the warehouse giant well...
Crooks likely used the Social Security numbers of dead people and prisoners plus filed claims in multiple states to steal more than $45 billion from the pandemic unemployment program, three times more than previous estimates. The expanded U.S. unemployment insurance program started in March 2020...
Berlin-based VC firm Visionaries Club has raised a new €400 million fund to invest in B2B technology, a press release said. It will be divided into three funds: “a €150m seed fund; a €200m early growth fund to invest in startups post-Series B; and a...
British financial software company Finastra has announced a collaboration with Visa to give businesses better access to cross-border services, a press release said Thursday (Sept. 23). Finastra’s Payments Hub will implement Visa Direct, which gives access to billions of accounts through push to account offerings....
Markaaz and Nav Technologies have partnered to enable members of Markaaz’s small business networking community to access Nav’s curated financing options. With the partnership, Markaaz members can go to the Markaaz Dashboard to find a range of embedded financing solutions that Nav’s artificial intelligence (AI)...
Remofirst, an employer of record provider, has announced a $14.1 million seed round, a press release said. The company helps other companies build global remote teams, letting them hire talent in countries where they don’t have an entity. The services include onboarding, payroll benefits, taxes...
Darden, the parent company of a range of popular full-service restaurant (FSR) brands including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen and others, continues to opt out of the delivery game, despite widespread demand for the channel. Darden President and CEO Rick Cardenas argued on...
Today in B2B payments, Carats & Cake raises $10.6 million to grow its financial operating system for the events industry, while Brightflow AI raises $19M to “demystify finance” with its financial intelligence platform. Plus, Boost Payment Solutions and Robobai partner to accelerate payments optimization. Special...
