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The news: The European Central Bank (ECB) opened applications for vendors to provide services related to a potential digital euro. The ECB is hiring for risk and fraud management, an app and SDK, offline solutions, secure exchange of payment data, and alias lookup. The framework budget for these five services totals $1.2 billion. Settlement systems will be sourced internally.

The arrangement now covers multiple regions, including North America, South America, select European markets, and Asia-Pacific regions. Originally announced at CES in January, the integration permits marketers to easily incorporate Pinterest data via LiveRamp's platform to enhance ad measurement and analytics.

But black swan events like Russia鈥檚 invasion of Ukraine, a looming European energy crisis, and surging inflation have replaced that optimism with a sense of caution and uncertainty. The bleaker market realities that characterized Q2 will likely continue for the rest of the year and may get worse before they improve.

Global ad revenues surpass $1 trillion in 2024, says GroupM: Retail media and digital platforms drive rapid growth amid linear TV decline.

So Walmart Inc in the US accounts for 8.2% of retail e-commerce sales and Amazon has a 40.9% share. So it is still really very dominant when it comes to e-commerce, and I think that's going to be in its advantage when it comes to staying ahead of Walmart+. Also, from a global perspective, Amazon has a huge lead, particularly in Europe, where Walmart doesn't operate at all.

UK consumers and businesses are using planning tools to manage costs, but not all know how opening banking can help.

Our Mobile Banking Emerging Features Benchmark report covers in-demand features that will win points from consumers.

Australia's creator economy has an authenticity problem: Many influencer campaigns don't include proper disclosures.

Insurer Zurich is exploring using ChatGPT to improve modeling and claims. The tech has the potential to strengthen customer service, but not all consumers are sold.

The FCA has cautioned that trading apps鈥� gamification can lead to 鈥済ambling-like behaviors鈥� in amateur investors.

Pinterest launches AI-powered tools: Advertisers can now create engaging visuals and reduce costs, aligning with industry-wide shifts toward generative AI solutions.

Sights on social commerce: As TikTok takes on social commerce, using social media to buy and sell goods, it could find traction in the UK, which is one of the world鈥檚 leaders in ecommerce but hasn鈥檛 fared as well in social commerce. The UK trails only China in ecommerce. This year, 35.9% of total retail sales in the UK will be ecommerce sales, compared with 45.3% for China.

UK ecommerce sales growth will level out at around 4% this year and stay there through 2026, while non-ecommerce retail sales will be sluggish for a couple of years, but growth will reach around 3% by 2024.

PayPal has been expanding in Europe鈥攊t recently brought its crypto payments product to Luxembourg, for example. Any changes that come in Germany may dampen the firm鈥檚 growth prospects in Europe. But the investigation into PayPal has barely begun鈥攁nd may not result in significant changes to how PayPal operates.