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Facebook invests billions in metaverse efforts as ad business slows

Facebook invests billions in metaverse efforts as ad business slows

Facebook Inc said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising businesses face "significant uncertainty."
Britain to raise minimum wage to 9.50 pounds a hour

Britain to raise minimum wage to 9.50 pounds a hour

Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government's budget statement on Wednesday, the finance ministry said on Monday.
US seals agreement to end European digital taxes

US seals agreement to end European digital taxes

The United States has resolved a key point of trade friction with Europe after inking a deal to end controversial digital services taxes on American tech giants.
Arbitration panel rejects Future's plea on Reliance deal in dispute with Amazon

Arbitration panel rejects Future's plea on Reliance deal in dispute with Amazon

A Singapore arbitration panel has rejected Future Retail's plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Amazon.
Fashion
Pandemic fallout could slow U.S. online holiday spending growth

Pandemic fallout could slow U.S. online holiday spending growth

U.S. online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices and pandemic-related uncertainties threaten to put a strain on the shopping season. 
Alibaba's Ma in Europe on study tour - SCMP

Alibaba's Ma in Europe on study tour - SCMP

Alibaba Group Holding Ltd founder Jack Ma is in Europe on a study tour, South China Morning Post reported on Tuesday, making it the Chinese billionaire's first trip abroad in over a year.
Lifestyle
Amazon expands 'Try Before You Buy' service to France, Italy and Spain

Amazon expands 'Try Before You Buy' service to France, Italy and Spain

American online sales giant Amazon launched its 'Try Before You Buy' service in its French, Italian and Spanish markets on October 14.
Fashion
Shopify enlists Microsoft, Oracle for business tools on app

Shopify enlists Microsoft, Oracle for business tools on app

Canadian e-commerce platform Shopify Inc is teaming up with top cloud companies including Microsoft Corp and Oracle Corp to help merchants streamline their business operations.
Twitter debuts new ad features, revamped algorithm ahead of ecommerce push

Twitter debuts new ad features, revamped algorithm ahead of ecommerce push

Twitter Inc on Tuesday rolled out new ad features and revamped the algorithm that decides which ads users see, as part of an effort to lay the groundwork to launch future ecommerce features.
Billionaire Alibaba founder Jack Ma reappears in Hong Kong - sources

Billionaire Alibaba founder Jack Ma reappears in Hong Kong - sources

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong, two sources said.
Facebook, Instagram, WhatsApp hit by global outage

Facebook, Instagram, WhatsApp hit by global outage

Facebook, Instagram and WhatsApp went offline for users across the globe, the social media giant said on Monday, as it worked on restoring its services.
Google adds visual search features in shopping, video push

Google adds visual search features in shopping, video push

Alphabet Inc's Google on Wednesday unveiled search features coming soon that will put images rather than text at the heart of queries and potentially expand its role in e-commerce and its dominance in online video.
Mastercard taps into buy now, pay later market with latest offering

Mastercard taps into buy now, pay later market with latest offering

Mastercard Inc on Tuesday launched a buy now, pay later service, tapping into a market that is threatening to chip away at the dominance of credit cards as a main source of payments.
UK's Johnson discussed taxation with Amazon's Bezos

UK's Johnson discussed taxation with Amazon's Bezos

British Prime Minister Boris Johnson discussed the issue of taxation when he met Amazon's founder Jeff Bezos in New York, Downing Street said.
Fashion
India plan for tighter e-commerce rules faces internal government dissent

India plan for tighter e-commerce rules faces internal government dissent

India's plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".
The Honest Company names Pete Gerstberger chief digital and strategy officer

The Honest Company names Pete Gerstberger chief digital and strategy officer

The Honest Company announced on Wednesday the appointment of Pete Gerstberger as chief digital and strategy officer. 
Beauty