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Marriott International Launches New Co-brand Credit Cards in Mexico with Mastercard and Banorte

April 19, 2021 Financial No Comments

Marriott International, Mastercard, and Banorte today announced the launch of the Marriott Bonvoy (Gold) and Marriott Bonvoy Inspire (Platinum) credit cards in Mexico, offering card holders a wide variety of exclusive benefits at 85 Marriott International hotels and resorts in Mexico and over 7,600 hotels across 30 brands around the world. … Continue Reading

European eCommerce Revenue to Hit $465B in 2021, a 30% Jump Amid Pandemic

April 16, 2021 Financial No Comments

The COVID-19-led boom in online sales has caused an impressive growth of the European eCommerce market, both in terms of revenue and the number of users. … Continue Reading

Etsy Sets Company Record With $1.7B Revenue – 110% YoY Increase in 2020

April 15, 2021 Financial No Comments

American e-commerce website, Etsy had a huge 2020 in which it set a company record for revenue. … Continue Reading

Gap Inc. Signs Credit Card Program Agreements with Barclays and Mastercard

April 15, 2021 Financial No Comments

Gap Inc. a collection of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic and Athleta, and the largest specialty apparel company in the U.S., announced today that it has entered into new, long-term credit card program agreements with Barclays and Mastercard. … Continue Reading

Partnership with ConsenSys Supports the Future of Multi-Blockchain Commerce

April 15, 2021 Financial No Comments

Mastercard and ConsenSys have announced a partnership to power the future of commerce. ConsenSys, a software engineering firm in the blockchain space, provides tools and services to support the Ethereum ecosystem and helps developers build next-generation networks to enable companies to launch more powerful financial infrastructures and technology. … Continue Reading

Advancing Harmonized Travel Protocols And Financing Tourism’s Survival

April 12, 2021 Financial No Comments

The ninth meeting of the Crisis Committee advanced solutions to the biggest challenges standing in the way of international travel returning. … Continue Reading

Mastercard SpendingPulse: U.S. Retail Sales grew 26.3% Year-over-Year in March, One Year since First Lockdown

April 12, 2021 Financial No Comments

U.S. retail sales growth rates increased by double-digits in March as we hit the one-year mark since the first Covid lockdowns impacted retail sales. According to Mastercard SpendingPulseTM, U.S. retail sales excluding automotive and gasoline increased 26.3% year-over-year in March, and online sales grew 56.8% compared to 2020. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment.
… Continue Reading

Carnival losses up to $USD2 billion, but Arnold still positive

In its first quarter business report Carnival Corporation has reported a net loss of US$2 billion, with CEO Arnold Donald in a relatively positive report saying the company had a better than expected cash burn rate and that at the end of the first quarter it had US$11.5 billion in cash. … Continue Reading

Boeing’s Revenue Has Dropped By Nearly 50% Since 2018 – $58.16B In 2020

April 10, 2021 Financial No Comments

Boeing is one of the biggest companies in the world, but the airline giant has had a very tumultuous last couple of years. Even before 2020’s Coronavirus pandemic, the company was already experiencing sharp declines in various metrics due to a major global controversy around one of its aircraft. … Continue Reading

China and US to Generate 60% of Global Ecommerce Sales in 2021

April 10, 2021 Financial No Comments

The ongoing COVID-19 lockdowns continue fueling the explosive growth of the eCommerce market, as millions of consumers worldwide shifted from brick-and-mortar stores to webshops. … Continue Reading

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