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Around the World in AML regulation
Ocado enters South Korea with Lotte Shopping deal
Date: November 1, 2022
By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, has entered South Korea, one of the most mature e-commerce markets in the world, through a partnership deal with Lotte Shopping, the companies said on Tuesday. Shares in Ocado soared 34% by 1241 GMT, paring 2022 losses to 62%, after Ocado and...
Made.com becomes casualty of Britain’s consumer squeeze
Date: November 1, 2022
By Sarah Young and Pushkala Aripaka LONDON (Reuters) -Online furniture retailer Made.com is to appoint administrators after running out of cash, becoming one of the most high profile British retailers to fail this year partly as a result of a squeeze on household budgets. Made.com, which floated in June 2021 with a valuation of 775...
Toyota cuts output target amid chip crunch as profit tumbles 25%
Date: November 1, 2022
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage. The world’s biggest automaker by sales also warned that it remained difficult to predict the future after...
UK manufacturing shrinks at fastest rate since mid-2020 – PMI
Date: November 1, 2022
LONDON (Reuters) – British manufacturing last month suffered its biggest contraction since the depths of the first COVID-19 lockdown in May 2020, with optimism draining fast, a survey showed on Tuesday. The final S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) for October fell to 46.2 from 48.4 in September. While the October figure was...
What Founders and CEOs can Learn from a Niche Marketplace
Date: October 31, 2022
By Bill Voss, Founder and CEO of Everest.com According to industry analysis from Digital Commerce 360, the top 100 global online marketplaces in the world had $3.23 trillion in sales in 2021, and saw gross merchandise sales increase 18 percent compared to the prior year. Giant marketplaces like Amazon, Taobao, eBay and other large players...
Five ways businesses can ensure long-term energy security, crisis or no crisis.
Date: October 31, 2022
By Chris Bowden, Managing Director of Squeaky On 8th September 2022, Liz Truss announced the government’s support scheme for businesses. In her statement, she stated that gas and electricity costs for UK businesses, charities and public sector bodies will be capped for six months. The Department for Business, Energy & Industrial Strategy (BEIS) then announced that the scheme (known...