Latest news - Page 8

British consumers now spend nearly five hours a week shopping online, with 50% of purchases made digitally, says the latest AliExpress Consumer Insights Report.

Amid rising policy abuse, retailers like PrettyLittleThing tighten return rules to protect profits, sparking debate on balancing customer satisfaction and revenue.

LeanDNA appoints Andy Ellenthal as CEO, succeeding founder Richard Lebovitz. Ellenthal brings extensive business analytics experience to drive company's growth.

Crunchyroll will unveil a refreshed brand identity at SDCC, featuring a modernised logo, updated font, vibrant colours, and new anime-inspired elements.

The EU AI Act, effective from 1 August 2024, presents a landmark regulatory framework for AI, sparking discussion on its implications for innovation, compliance, and legal complexity in the tech sector across the European Union.

Six Degrees' UK SME Cloud Intelligence Report 2024 reveals 80% of mid-market firms face unexpected costs in cloud migrations, urging a strategic approach.

ECommerce platform AppScenic has launched AI tools using OpenAI's API to help retailers optimise product pages, marketing, and SEO, streamlining store management.

FinTech firm PAYSTRAX partners with UK’s Cardstream to enhance cross-border payment solutions, leveraging Cardstream's global gateway for seamless online transactions.

A faulty update from Crowdstrike has triggered a global IT outage, disrupting healthcare, broadcasting, and more, raising urgent questions about security dependencies.

Adobe reports a record USD $14.2 billion in Amazon Prime Day sales for US retailers, an 11% YoY increase, driven by a surge in mobile shopping and steep discounts.

ReBound partners with Loop to revolutionise eCommerce returns, offering retailers enhanced consumer experience, cost reduction, and global logistics capabilities.

As eCommerce expands towards an estimated market value of USD $9.3 trillion by 2027, combining network tokenisation and Click to Pay can help merchants enhance security and convenience, reducing cart abandonment and boosting customer loyalty.

Legacy systems are costing businesses nearly USD $3 million annually, reveals SnapLogic. The integration of GenAI promises to alleviate 25% of workloads.

The UK government announced an AI Bill in the King's Speech, aiming to shift from flexible frameworks to binding regulations ensuring responsible AI use.

The King's Speech lacked the anticipated new AI Bill, sparking mixed reactions and highlighting the UK's focus on cyber security over comprehensive AI legislation.

Industry leaders react to the King's Speech, highlighting the importance of connectivity, cybersecurity, and AI in the new Labour government's legislative agenda.

Generation Z's dining habits reveal a focus on convenience and value, with 42% opting for takeaway on Fridays and 93% trusting friends over influencers, Deliverect finds.

Rocketlane raises USD $24 million in Series B to enhance its AI-driven CRM platform. Co-led by 8VC, Matrix Partners India, and Nexus Venture Partners, funding totals USD $45 million.

As Amazon Prime Day approaches, Lauren Hendry Parsons of ExpressVPN warns shoppers about rising AI-fueled scams, urging vigilance against counterfeit deals.

Markko unveils Markko Labs to empower non-technical marketplace founders with essential resources, reducing financial and technical barriers in the e-commerce sector.