Prime Minister Justin Trudeau remains in power after Monday’s election, but he emerges without the majority he wanted, and with his soft power damaged. He now faces a fourth wave of the pandemic and an emboldened far-right from a weaker position.
Child labour fell markedly in the 16 years after the turn of the millennium. Now it’s on the rise again. Efforts to prevent children from working can often exacerbate the problem. And we consider one of the more unusual ideas for combating climate change: potty-training cows.
Inside the company’s automated warehouse in China Chinese e-commerce giant Alibaba is challenging Amazon by promising fast deliveries from China to anywhere in the world. WSJ visits Alibaba’s largest automated warehouse to see how robots and a vast logistics network are helping it expand globally. Composite: Clément Bürge
In less than six months, Chinese entrepreneur Jack Ma’s Ant IPO, which could have been the world’s largest, was scuttled and his companies brought in line by regulators. The U.S. is also taking aim at big tech, but here’s how China moves faster. Photo illustration: Sharon Shi
Promo code sites have become big business, with digital coupons surpassing paper for the first time in 2020. Major deal sites make millions based almost entirely on commissions from each sale. They don’t sell shopper data and it’s not a scam. In fact, big companies like PayPal and Rakuten are buying up deal sites for billions.
From Honey to Slickdeals, Rakuten Rewards to Brad’s Deals, CNBC asked the major sites what it takes to find deals that are real and why the business model works. With the huge boost in online shopping during the pandemic, deal-finding sites have become a major business. In 2020, Inmar Intelligence found that digital coupons surpassed printed coupons for the first time ever. Also in recent years, behemoths like Goldman Sachs and PayPal have paid hundreds of millions – or even billions – for sites like Slickdeals and Honey that automatically curate coupon codes or offer shoppers cash back for making purchases through their sites.
Even banks like Capital One are getting into the game. The business model is not a scam. All major deal sites say they don’t sell shopper data. Instead, each sale generates a commission for the deal site and for the middleman known as the affiliate marketer – a company that connects the vast world of retailers with deal sites. With nearly 2,000 businesses in the daily deal site space, it’s a crowded industry filled with legitimate businesses as well as plenty of sites that are riddled with ads and expired coupon codes. That’s because regardless of whether a coupon code works, the site that provided the code will get commission for that sale. When the deals are legitimate, however, it can mean big money for shoppers, retailers, and the deal sites.
From Honey to Slickdeals, Rakuten Rewards to Brad’s Deals, CNBC asked the major deal sites, and shoppers, what it takes to find deals that are real and why the business model works. Watch the video to learn how saving consumers’ money makes big bucks for companies in the vast world of online deal hunting.
The pandemic has upended the way people buy—online retail has soared as high-street shops and malls close. Brands are now racing to exploit one of the most important weapons in the battle for buyers: their customers’ data.
Since the beginning of this century, Amazon has emerged as a pre-eminent giant of retail. How? by creating an expectation among consumers that next day, or even same day, delivery is not only possible but basically routine for a dizzying array of consumer products. Millions of Amazon Prime customers all over the world have now come to expect this astonishingly swift service on countless items as standard, and this has put great swathes of the traditional retail landscape in trouble. So today, we’re going to look at how Amazon delivers packages so fast. Let’s pick a typical Amazon product as an example. Say you need a bicycle pump. How will Amazon get that bike pump delivered to your door, the very next day? How Amazon Delivers Packages So FastSHOW LESS
As online shopping sees its biggest holiday season ever, hackers are sending fake delivery notices impersonating Amazon, UPS and FedEx, with scams up 72% from last year and 440% from October to November. Clicking a fake shipping notification link can launch ransomware or launch a counterfeit branded site to trick users into entering credit card and personal information to “reroute” a package that never existed.