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The news: Uber is expanding its retail media push into Europe by appointing Paul Wright, who most recently worked for Farfetch and Amazon, to lead Uber Advertising for the UK and Ireland. This comes on the heels of Uber announcing it would be offering in-app advertising with Journey Ads designed to target users more likely to transact.

Brands can now place advertising on in-store digital screens, in parking lots, on shopping carts, and in shopping aisles.

It released draft legislation to provide more safeguards for UK consumers, many of whom are under financial strain.

Brands will have to justify pricing and deter shoppers from trading down, which means rethinking pack sizes, loyalty discounts, or product improvements to maintain price premiums. Eye of the consumer: Bargain hunters seeking deals will go to search engines. Our forecast calls for search spending to rise faster than total digital ad spending.

Ecommerce will account for 14.6% of total retail sales in 2023. But in some categories—like sporting goods, hobby, books, music, and video; computer and consumer electronics; and apparel and accessories—it’ll account for almost half of sales and be a primary ad channel for advertisers. Retail media booms as brands and retailers seek to boost profits in the UK.

Borrowers struggling with inflation and rising interest rates can pay just the interest on their loans for up to six months—with no implications.

After three years of wild fluctuations in retail and ecommerce sales growth, a sense of stability and normalcy is slowly emerging. A healthy if unspectacular rebound for ecommerce is in the cards, and most national markets are heading in the right direction.

With o1 models designed for complex problem-solving, OpenAI prioritizes critical thinking over speed, pressuring rivals like Google and Anthropic to keep up.

The payments fintech launched an ewallet to tap digital payments demand in Europe.

It opened up its ecosystem and seemingly gave up its grand financial services ambitions. But it’s still a major payments player.

By teaming up with banks, Meta aims to crack down on fraud and restore user trust amid rising concerns over scams on its platforms.

As UK inflation continues to surge unabated, shopping habits are in flux. Consumers are cutting back on discretionary spending, as well as switching to private labels, and shopping around more to find better deals. Our previous Analyst Take discussed how retailers should react to these trends. This follow-up will consider how different categories are being affected and share our take on retailers that are well positioned to weather the inflationary storm.

Temu and Shein’s ad bidding war drove spending away from search: CPCs spiked after the two retailers claimed in-demand search ad space.

It partnered with merchants and mobile wallets to offer customers coupons and discounts across select markets in Asia-Pacific and Europe.