Wildberries, “Russia’s Amazon,” goes head to head with the e-commerce giant in Europe Founded in 2004 by former teacher Tatyana Bakalchuk, Wildberries has since leapfrogged larger competitors to become one of the country’s largest online retailers.
Uber drivers declared “workers” in the UK. What does this mean for the “gig economy?” The ruling could be transformative for Uber’s business not just in the UK, but worldwide. The United Kingdom’s Supreme Court has delivered a devastating ruling for Uber Technologies, Inc., declaring its drivers to be “workers” and, in the process, entitling thousands of drivers in the UK to minimum
Janet Yellen calls for “big” stimulus under Biden administration as US recovery slows The unprecedented public health crisis remains deeply entwined with a difficult economic climate, underscoring the significant challenges that await the Biden administration. Now that Joseph R. Biden, Jr. has been sworn in as the 46th president of the United States, attention has turned to America’s ongoing recovery from the
What is Biden’s plan to vaccinate America? President-elect Joe Biden has outlined a plan to accelerate the delivery of vaccines to Americans, calling the rollout overseen by President Donald Trump a “dismal failure thus far.” The rollout of vaccination programs across the world has accelerated hopes that the end of the coronavirus pandemic is within sight. But
Telegram and Signal user numbers soar after WhatsApp rules change The new policy changes will primarily benefit companies and businesses, which will now be allowed to use WhatsApp’s metadata to produce more targeted advertising and marketing. A change in the privacy policy of WhatsApp has triggered an exodus of users to the rival messaging platforms Telegram and Signal. WhatsApp,
What direction will US-China relations take under President Biden? Under the Biden administration, a different strategy will likely be sought to counter those issues in US-China trade highlighted during the Trump years. The trade war between the United States and China is likely to be one of the lasting legacies of the Trump administration. Such a legacy should come
US housing market faces unaffordability crisis after coronavirus Though mortgage rates have been driven low, affordability has not followed and prices have surged over the last year as a result of the pandemic. Amid the coronavirus-induced instability afflicting Americans’ savings, jobs and livelihoods, there has been one constant – house prices in the United States continue to rise. A