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Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
November 23, 2023  |  eCommerce

Shoppers in the United Arab Emirates (UAE) have a strong inclination toward digital features in their shopping journeys. Ninety-four percent of consumers in the Middle...

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Smartphone Sales See First Year-Over-Year Gain in 27 Months
Smartphone Sales See First Year-Over-Year Gain in 27 Months
November 22, 2023  |  Connected Economy

The smartphone industry has recorded its first month of year-over-year (YoY) growth in 27 months. Global monthly smartphone sell-through volumes grew by 5% YoY in...

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Temu and Shein Struggle to Convert Visits Into Transactions 
Temu and Shein Struggle to Convert Visits Into Transactions 
November 22, 2023  |  eCommerce

Online retailers Temu and Shein reportedly draw millions of visitors to their websites but struggle to convert those visits to sales.  Despite their popularity, the two retailers still lag...

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Cruise Plans to Resume Robotaxi Service in One City 
Cruise Plans to Resume Robotaxi Service in One City 
November 22, 2023  |  Transportation

Cruise, the autonomous vehicle unit of General Motors, is reportedly planning to resume its robotaxi service with a more focused approach.  After facing safety mishaps and regulatory scrutiny,...

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Cost Concerns Keep More Than One-Third of Firms From Automating AR Processes 
Cost Concerns Keep More Than One-Third of Firms From Automating AR Processes 
November 22, 2023  |  B2B Payments

Businesses expect that handling payments — both sending and receiving them — will become even more crucial in the future. On average, companies anticipate a...

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AI Startup CEO Criticizes Effective Altruism Movement for ‘Self-Righteousness’ 
AI Startup CEO Criticizes Effective Altruism Movement for ‘Self-Righteousness’ 
November 22, 2023  |  artificial intelligence

In a letter addressed to his staff, Aidan Gomez, the CEO of artificial intelligence (AI) startup Cohere, expressed his criticism of the effective altruism movement.  Gomez argued...

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Consumers Brace to Cut Back on Restaurant Dining Over Holidays
Consumers Brace to Cut Back on Restaurant Dining Over Holidays
November 22, 2023  |  Consumer Insights

As the holiday season pressures budgets, most consumers plan to reduce their spending on restaurant dining. By the Numbers The PYMNTS Intelligence study “The Credit...

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Nordstrom’s Off-Price Destination Falls Short on Value
Nordstrom’s Off-Price Destination Falls Short on Value
November 22, 2023  |  Retail

Nordstrom, once known for its opulent runway and exceptional service, is increasingly delving deeper into substantial discounts to navigate financial challenges. But is it working?...

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Report: eCommerce Firm Floward Preparing for IPO in Saudi Arabia
Report: eCommerce Firm Floward Preparing for IPO in Saudi Arabia
November 22, 2023  |  IPO

Floward, a Middle Eastern eCommerce firm, is reportedly working with Goldman Sachs Group and HSBC Holdings for a planned initial public offering (IPO) in Saudi Arabia.  The company, which...

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