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UK Consumer Group Takes on Apple Over iCloud Service
Date: November 14, 2024
LONDON (Reuters) – British consumer group Which? will launch legal action against Apple on Thursday, alleging the tech giant breached competition law by effectively locking millions of its customers into its iCloud service. Which? said Apple encouraged its users to sign up to iCloud to store photos, videos and other data while making it difficult...
Poland’s Allegro Sees Earnings Growing 4-7% at Home in Q4
Date: November 14, 2024
GDANSK (Reuters) -Poland’s biggest e-commerce platform Allegro expects its earnings growth to slow down to 4-7% at home in the fourth quarter, it said on Thursday after its third-quarter core profit met market expectations. Allegro’s quarterly adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 13.5% to 883 million zlotys ($214.63 million) in the...
How Challenger Banks Have Used a Customer-Centric Model to Shake up the Banking Sector
Date: November 13, 2024
By Alicia Skubick, Chief Customer Officer Everybody has a bank, they have to really, it’s a modern day essential. But not everyone trusts their bank. In fact, widespread mistrust in the sector has led to many commentators to state in recent years that the banking industry is fundamentally broken. Unsurprisingly, trust in the sector plummeted...
Global Luxury Sales to Fall 2% in 2024, Among Weakest Years on Record, Bain Says
Date: November 13, 2024
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated...
Banking Digitisation in the US and Uk: It’s a Marathon, Not a Sprint
Date: November 12, 2024
By Alex Reddish, Head of Market Expansion & GTM Strategy at Tribe Payments The journey that banking digitisation has taken in both the US and UK has been less of a sprint and more of a marathon, with some twists, turns and potholes to navigate along the way. As the years have rolled on, technology...
German Tv Customer Losses Hit Vodafone
Date: November 12, 2024
LONDON (Reuters) -Mobile operator Vodafone on Tuesday reported a sharp downturn in Germany, it biggest market, in the second quarter after it was hit by a change in the law on TV sales, sending its shares 4% lower. The British company said that despite the customer losses in Germany, growth in Turkey, Africa and other...