Posts belonging to Category Cities

Walmart will start delivering groceries to shoppers across the US

Direct assault against Amazon

Walmart is expanding its grocery delivery service across the US this year, the company announced Wednesday.

The service, which offers same-day delivery in as little as three hours, will be expanded from six metro areas to more than 100, ultimately reaching more than 40% of US households by the end of the year.

Walmart will charge a flat fee of $9.95 for delivery and require a minimum order of $30 to access the service.…  March 14, 2018

Amazon will launch delivery service to compete with UPS and FedEx

Will Amazon kill FedEx?

Amazon is gearing up to compete directly with UPS and FedEx, according to a newWall Street Journal report. The so-called “Shipping with Amazon” program will be an end-to-end shipping solution, with pickups from businesses and shipments made to consumers, per the report.

The timeframe for rollout is soon, too: Amazon is said to be readying the service for its first launch in LA in the “coming weeks,” starting, not surprisingly, with companies that sell stuff via its website. After its initial launch in LA, Amazon will look to expand it out to other cities, possibly as soon as later this year, the WSJ says.  Febuary 09, 2018

What is Davos 2018?

Who is attending the World Economic Forum?

THE world’s most powerful leaders will meet tomorrow at Davos 2018 for an annual four-day elite conference known as the World Economic Forum. But what is Davos 2018 and who is attending the World Economic Forum? A global political get-together for around 2,500 movers and shakers from the worlds of business, politics, finance and media, the World Economic Forum is held annually each year in the town of Davos.

The mountain resort sits high up in the eastern Alps of Switzerland in Graubunden, the largest and and most eastern member state of the country. It is home to one of the Switzerland’s biggest ski resorts and is also the highest “town” in Europe at 1,560m. Davos 2018 will run from January 23 to 26 under the theme of “Creating a Shared Future in a Fractured World” and will be the the 48th forum to date.…  January 23, 2018

Legal recreational pot in California: What you need to know

California becomes the nation’s largest state to offer legal marijuana sales

California voted to legalize in 2016. The goal is to tighten regulation of the state’s long-running medical pot sales while encouraging operators in the vast black market to enter the legal system.

In general, California will treat cannabis like alcohol, allowing people 21 and older to possess up to an ounce of pot and grow six marijuana plants at home. The state in December began licensing businesses for the new economy, including retailers who will sell it and distributors who will move it from fields to storefronts.… Mon., 02  January 2018

Uber paid $100K ransom after 57M accounts were hacked

Company paid hackers $100,000 to delete info, keep quiet

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers was accessed as well, including some 600,000 U.S. driver’s license numbers. No Social Security numbers, credit card information, trip location details or other data were taken, Uber said.…  Wed., 22  November 2017

"Brexit is stupidest thing any country has done"

Michael Bloomberg says it is ‘hard to understand why a country doing so well wanted to ruin it’

Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the “single stupidest thing any country has ever done” apart from the election of Donald Trump as US president.

Bloomberg argued that “it is really hard to understand why a country that was doing so well wanted to ruin it” with the Brexit vote, in a series of outspoken remarks made at a technology conference in Boston a fortnight ago.

At that event, Bloomberg, 75, also warned that some workers at the financial media company that bears his name were asking to leave the UK and US because they think the two countries no longer like immigrants and are no longer welcoming.…  Wed  25  October 2017

Tesla wants to produce cars in China

Tesla reaffirms effort to build cars in China; mum on deal report

Electric car maker Tesla Inc (TSLA.O) reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has been reached.…  Mon  23  October 2017

BREXIT will hit strongly The City

Brexit may lead to half of City’s EU workers leaving UK

More than half of EU nationals currently working in investment management in the UK are not confident they will continue working in the country after Brexit, a report from the CFA Society UK reveals.

CFA UK’s survey of 1,100 professionals found that City workers regardless of nationality feel their job security is under threat as a result of Brexit, with just 43% of EU nationals and 52% of non-EU international employees feeling their job is secure. By comparison, 60% of British national respondents feel that their job is secure. According to CFA UK, the respondents’ views “are likely to have been impacted by their sense of job security in the current climate”.…  Wed.,  18  October 2017

Same day delivery competition

Walmart is zeroing in on Amazon’s biggest weakness has done a lot of things exceptionally well over its 22-year history. The company’s whopping market value and constant growth are testaments to its strategy of customer obsession, breakneck innovation, and its “Day 1” philosophy.

But of all the strategic decisions the company has made in its history, none has had a bigger impact than Prime. Launched in 2005, the all-inclusive loyalty program offers members free video streaming, access to the Kindle Lending Library, music streaming, and several other ancillary benefits from $99/year. But the biggest one is clearly free, two-day shipping on millions of items.

With Prime, Amazon solved the two biggest obstacles to online shopping: it eliminated pesky shipping fees and long delivery times, which were often a week or longer in the early days of e-commerce. Over the years, Amazon has stuffed Prime with more and more benefits, making it a nexus of competitive advantages that no other company, retailer or otherwise, can match.…  Wed.,  11  October 2017

China mulls going 100% electric

China wants to ban petrol and diesel cars

The Chinese government has signalled it will join the line of nations queuing up to ban the sale of diesel and petrol vehicles in the coming decades.

A senior official has told the Chinese car sector that the industry department in Beijing has begun “research on formulating a timetable to stop production and sales of traditional energy ­vehicles”, according to a report from the state news agency Xinhua.…  Mon.,  11  September 2017