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London airport Heathrow said Friday (June 27) that it is seeing “early signs of softness” in business travel from the U.S. due to economic uncertainty across North America.
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Heathrow said this in an investor report that found that the airport saw growth in U.S. passenger and cargo volumes during the first five months of the year compared with the same period in 2024.
“We...
Banco Sabadell is reportedly considering selling its U.K. unit, TSB, to Banco Santander or Barclays to avoid a hostile takeover by BBVA.
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The bank is accepting offers for TSB through Friday (June 27) and is likely to then select one bank with which to negotiate a potential deal, Bloomberg reported Friday.
It is not certain that Santander or Barclays will make a deal or...
Capital One Financial has reportedly entered a “new era” after completing its acquisition of Discover Financial Services.
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With the acquisition, Capital One grew in size and added a debit and credit card network, which could “supercharge” its banking and card businesses, The Wall Street Journal (WSJ) reported Friday (June 27).
The Discover network could enable Capital...
Nike said Thursday (June 26) that the new U.S. tariffs currently in place will cost the company about $1 billion.
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The footwear and apparel company is working to mitigate that gross incremental price increase, Nike President and CEO Elliott Hill said in remarks prepared for delivery Thursday during the firm’s fourth-quarter earnings call.
“[These] tariffs represent a new...
Here are this week’s top news:
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Carrefour Ramps up Digital Experience
French grocery giant Carrefour said physical retail is not going away, with 90% of its sales still occurring at its brick-and-mortar locations, according to Emmanuel Grenier, group eCommerce, data and digital transformation director at Carrefour.
The company is partnering with VusionGroup to deploy a...
As tariff-driven turbulence rattles the business landscape, chief financial officers are coming to realize that traditional metrics like sales numbers and EBITDA can be mere vanity metrics if cash isn’t moving.
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Cash, after all, is the most objective truth in business. And the cash conversion cycle (CCC), once a back-office metric, is now moving front and center as a...
A German data protection authority regulator said Friday (June 27) that she told Apple and Google that the DeepSeek artificial intelligence-powered chatbot app is “illegal content” and that the companies must now decide whether to block the app from their app stores.
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Meike Kamp, the Berlin Data Commissioner for Data Protection and Freedom of Information, said she did so...
Google launched an experimental app Thursday (June 26) that lets users not only virtually “try on” outfits but also see themselves in motion while wearing them.
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The new Doppl app from Google Labs builds on the capabilities of the AI Mode virtual try-on feature launched in May by Google Shopping, adding the ability to turn static images into artificial intelligence-...
Watch more: Federal Deadline Approaches as Agencies Struggle to Move Beyond ACH Payments
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A looming Sept. 30 deadline set by an executive order to digitize federal government disbursements, a move affecting $175 billion worth of payments last year, presents a formidable, yet critical, challenge for federal agencies.
The mandate, issued by President Donald Trump, aims to...
Watch more: Trustly: Growth of AI Agents Will Put Corporate Controls to the Test
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The technology sector’s famous phrase, “Move fast and break things,” just got a shot in the arm with the advent of autonomous artificial intelligence agents.
“This isn’t a technical upgrade; it’s a governance revolution,” Trustly Chief Legal and Compliance Officer Kathryn McCall told PYMNTS...