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Tag: europe

Retail Asia13/12/2023
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General

Apple attempts to escape EU fine by offering to open its NFC technology for rivals

3min0
In an attempt to avoid a hefty fine and ongoing legal battle with the European Union, Apple is reportedly proposing to open up its near-field communication (NFC) technology, used for tap-and-go payments, to its rivals. This move comes after the European Commission launched an antitrust investigation into Apple’s practices surrounding Apple Pay, suspecting that the […]
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Retail Asia27/04/2023
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E-Tailing

Startup e-commerce platform Temu expands to Europe

2min0
Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to European markets including France, Germany, Italy, The Netherlands, Spain and the United Kingdom. The Temu.com website now shows all of these markets on its location drop down menu in addition to the United States, Canada, Australia and New Zealand, where it had […]
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Retail Asia09/01/2023
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E-Tailing

Alibaba plans $1 billion investment in Turkey

1min0
Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than $1 billion, its president, Michael Evans, was cited as saying. Turkey’s Sabah newspaper reported Evans as saying in an interview that the company was looking […]
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Retail Asia19/04/2021
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Finance

Wirecard Dismantles Asia Empire

2min0
Following a spectacular collapse, Wirecard is disposing of its assets in the region, leaving only its business in India. The insolvent German firm has agreed to sell its legal entities in the Philippines, Malaysia, Hong Kong, and Thailand as well as the company’s regional data warehouse in Singapore to Nomu Pay. The deal includes Wirecard’s […]
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Retail Asia12/07/2019
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General

AirAsia X looking to expand into Europe

3min0
AirAsia X is looking into expanding its market and does not discount the possibility of re-entering the European market. Chairman Tan Sri Rafidah Aziz said, before the company makes any decision, it needs to consider various factors including the operational costs and the projected revenue “We must also look at the total picture whether it […]
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Retail Asia11/07/2019
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General

AirAsia prepares for budget long-haul flights

3min0
Malaysian low-cost carrier AirAsia launched the first of 66 new long-haul aircraft during the annual Paris Air Show on Monday, as it began to expand in Australia and could revive its Europe service to keep with the burgeoning market for budget long-haul flights. The new Airbus A330-900 aircraft, showcased during the 2019 Paris International Air […]
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Retail Asia19/04/2019
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Automotive

European Union Says BMW, Daimler, VW Colluded To Limit Emissions Technology

4min0
European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry’s woes after Volkswagen in 2015 admitted to cheating on emissions tests in the U.S., which led to a worldwide reevaluation of how cars are tested and how to limit emissions to […]
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Retail Asia05/04/2019
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Telecom

EU-wide security approach planned for 5G

2min0
The European Commission (EC) has outlined plans to establish a common European Union approach to the security of 5G networks. The EC has recommended a series of operational steps and measures aimed at ensuring a high level of security of 5G networks across the EU. The recommendations for EU member states include legislative and policy measures designed […]
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Retail Asia27/02/2019
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Fashion

Newest Esprit stores reveals new concept

2min0
Two new Esprit stores opened in Europe this month give an insight into the new direction of the embattled brand as it rebuilds. In the historic centre of Liege in Belgium a new 400sqm boutique stocks only womenswear. According to an understated news release issued in Germany, the “modern and bright store design creates a […]
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Retail Asia19/02/2019
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Fashion

Leather brand Kompanero to expand in Europe

1min0
India’s premium leather bag brand Kompanero plans to open 100 outlets by 2025. The company will open four stores, raising its network to 34, this year. “With four new stores in the pipeline, we are expanding our presence in existing cities with Express Avenue Mall in Chennai and Sarath City Mall in Hyderabad,” said Indranath […]
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