News
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Europe to buy the winter eight pieces of kit turned out to be these!
Chinese-made winter products such as long Johns, flannel pajamas, hot water bottles, hand warmers, electric blankets, bare legs, electric warmers and turtlenecks are reportedly seeing a sales frenzy in Europe. While long Johns are making their way into European wardrobes, they are a winter staple...Read more -
Unexpectedly, the platform of this category was listed as the most popular e-commerce platform in Germany!
According to the results of “E-Commerce Markt Deutschland 2022″, Amazon Germany and otto.de are the first square of the most popular e-commerce platforms in Germany. Amazon generated net sales of 15.7 billion euros in Germany in 2021, about three times the total net sales of No. 2 ott...Read more -
Eve of the storm! World Bank warns global economy is close to recession!
World Bank President David Malpass warned October 13 that the global economy is nearing the brink of recession and called for targeted support for low-income people. He said the World Bank had cut its global growth forecast for 2023 from 3 per cent to 1.9 per cent. He said inflation, rising inter...Read more -
Lying about it: Britain has discovered new oil and gas in the North Sea and says it meets environmental standards.
Britain has issued a new round of licences to explore for oil and gas in the continental North Sea, the BBC reported. Nearly 900 sites are available for exploration and up to 100 licences will be issued. The decision is at odds with international climate scientists, who say fossil fuel programs s...Read more -
Today is the day! Amazon uses it to boost sales!
Amazon is hosting its second Prime Day shopping event in a year today in an effort to boost its flagship e-commerce products and reverse declining sales. The promotion is aimed at attracting new Prime members, as well as cementing the value of Amazon’s existing subscribers around the world,...Read more -
Have the major EU economies recovered to their pre-pandemic levels?
With restrictions gradually lifted across Europe and people’s lives fully normalized, the euro area economy has gradually recovered to pre-pandemic levels, with several major EU economies showing the following recovery levels. Italy’s economy grew 1.0 percent in the second quarter of ...Read more -
Or change the industry trend! Amazon to pay 1 billion euros more for delivery!
Amazon wants to spend €1 billion in Europe over the next five years to electrify its delivery and cargo transport, with €400 million of that going to the German market, German media reported. According to Amazon, 3,000 electric delivery vans are currently being used across Europe to deliver packa...Read more -
The latest market! Will Spanish consumers have money left in their pockets this holiday season?
Spanish consumers are making fewer purchases as their purchasing power declines, according to Western media reports. The reduced frequency of purchases makes customer experience more important, and sellers need to be more cautious about negative reviews. According to the report, 52 percent of Spa...Read more -
To squeeze out Amazon? All e-commerce platforms set up a French market alliance.
On October 6, e-commerce platforms Back Market, eBay, Etsy, ManoMano and Rakuten reportedly announced the formation of the Alliance Francaise des Places de Marche, The association wants to be a “voice” for the industry “when new EU regulations apply”. ManoMano, an e-commer...Read more -
The tide is turning: SWIFT sets global rules for national digital currencies.
After eight months of experimenting with different technologies and currencies, interbank financial settlement system SWIFT has drawn up a blueprint for a global central bank digital currency (CBDC) network, Reuters reported. The trial, which last month involved national central banks in France a...Read more -
Cross-border e-commerce giant Shein screwed by the US? By as much as a third!
Chinese fast-fashion retailer SHEIN, which was valued at more than $100 billion earlier this year, has lost up to a third of its value in private markets in recent months, the Financial Times reported, citing people familiar with the matter. SHEIN is valued in the private market at $65 billion to...Read more -
In Europe’s darkest hour, the Spanish government decided to “rob the rich to give to the poor”.
In the wake of soaring inflation in Europe, Western government ministries reportedly agreed on a package of fiscal measures, including a cut in income tax for low – and middle-income earners earning less than €21,000 a year, and an extension of the working income deduction from €18,000 to €...Read more