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Amazon Web Services (AWS) is reportedly continuing to add data centers after opening a cluster of them in Mexico earlier this year.
The company is building new facilities in Chile, New Zealand, Saudi Arabia and Taiwan, AWS CEO Matt Garman said, per a Friday (May 30) Bloomberg News report.
As it works to increase its capacity to power artificial intelligence, AWS also aims to expand its stock of...
HSBC is reportedly winding down its business banking unit in the U.S. as it sharpens its focus on other markets.
As it disbands the business banking unit, which served small and medium-sized businesses (SMBs) in the U.S., the bank laid off 40 employees earlier this week and notified the unit’s 4,400 clients, The Wall Street Journal (WSJ) reported Friday (May 30).
“We are supporting … clients...
The volume of worldwide smartphone shipments in 2025 is expected to be impacted by uncertainty, tariff volatility and a slowdown in consumer spending, market intelligence firm International Data Corporation (IDC) said Thursday (May 29).
IDC lowered its forecast for worldwide smartphone shipments in 2025 from the 2.3% year-over-year growth it expected in February to 0.6%, the firm said in a...
Dojo, a payments technology provider in the United Kingdom, secured a $190 million investment from global growth investment firm Vitruvian Partners to accelerate its growth in the U.K. and expand across Europe.
Dojo offers a cloud-native platform that provides in-person and digital payment solutions together with business funding, booking management software and other value-added services, the...
Certainty is at a premium in uncertain times, particularly across the landscape of cross-border B2B commerce.
The volatile tariff landscape has reportedly cost companies over $34 billion in lost sales and higher costs while at the same time throwing supply chains and overseas relationships into disarray. And while the tariffs were blocked by the U.S. Court of International Trade Wednesday (May...
This week in artificial intelligence, newsmakers include Google, Claude, Microsoft, Nvidia and Saudi Arabia.
Brands Must Lean Into AI Chatbots as Google Search Changes
AI chatbots are transforming how search works, making traditional SEO tactics less effective.
“It is fundamentally changing the search engine optimization (SEO) universe,” Local Falcon CEO David Hunter told PYMNTS in an interview...
April’s data on inflation and consumer activity show slowing price increases, a boost to savings and a deceleration in spending, too.
The Personal Income and Outlays data, released on Friday (May 30), indicates prices were up only slightly month on month and 2.1% year on year, though the full impact of tariffs, and the most recent pause with China, has yet to be felt.
The Bureau of Economic...
The European Union reportedly plans to introduce an age verification app in July and may introduce rules requiring online platforms to protect minors after that.
The new app will enable users to verify their age without disclosing personal information to online platforms, the Financial Times (FT) reported Friday (May 30), citing its interview with Henna Virkkunen, executive vice president for...
Artificial intelligence is increasingly being used by insurers, rental car companies, vehicle auction houses and others to more accurately assess vehicle damage, automate claims processing and avoid disputes.
Click-Ins is a company that uses AI and its own proprietary system that taps a mix of computer vision, photogrammetry and simulated environments to capture dents, scrapes, cave-ins, paint...
Mexico is becoming a mobile-first consumer market.
Less than half of shoppers in the country used a mobile device for their latest retail purchase, whether online or in-store, reflecting a 17% increase since 2022. What’s more, Mexicans conduct 1.3 distinct mobile shopping activities per day on average, including browsing and buying.
However, PYMNTS Intelligence’s latest research finds that 29% of...