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Amazon’s Saudi Arabia eCommerce Site Debuts

PYMNTS

The website is a re-branding of Middle Eastern eCommerce site Souq.com , which was acquired by Amazon in 2017, PYMNTS reported. Last year, the company converted Souq’s website in the United Arab Emirates to an Amazon-branded one, amazon.ae. Bin Salman denied the claim, saying it was rogue operators who committed the crime.

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Paytm Seeks BigBasket Partnership To Take On Flipkart, Amazon

PYMNTS

India-based eCommerce marketplace Paytm Mall wants to work more closely with regional retailers and team up with eCommerce grocery service BigBasket to compete with Flipkart and Amazon, according to recent Reuters reports. Delivery through its Prime Now offering was launched in Columbus, Dayton, Greater Washington, D.C.,

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. 9) Brand Matters: SVB had one of the best brands in banking. Unfortunately, in this case, the brand couldn’t overcome the sizable liquidity risk on the balance sheet.

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Amazon Eyes Two-City Split For HQ2

PYMNTS

One Amazon executive even slammed Crystal City for a report in The Washington Post , which claimed the city is so confident that it is Amazon’s pick that its top real estate developer, JBG Smith, has pulled some of its buildings off the leasing market, and local officials are making plans for a public announcement after the midterm elections.

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More Than One-Quarter Of Amazon Merchant Sales Cross Borders

PYMNTS

The jump in cross-border sales volume, which was higher than the 31 percent increase in overall net sales last year, presents a huge opportunity for the Seattle, Washington, eCommerce giant, noted Reuters. as it eyes markets outside its home country.

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Google Testing Same-Day Delivery In San Francisco

PYMNTS

Google is getting into the grocery delivery market, with NBC News reporting that it is testing a same-day delivery service that will bring food and other online orders to consumers’ doorsteps. If the test is successful, Google told NBC News it could expand into other markets. “We

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Travel Stocks Drop Amid Coronavirus Concerns

PYMNTS

Less than a month ago, the outbreak of a new virus in the city of Wuhan centered on a cluster of consumers who had been exposed to live animals at a local food market. Thus far, according to the data, the new coronavirus outbreak has done little to slow or even greatly alter travel plans during the season, according to The Washington Post.