The package delivery firm mentioned Tuesday that its costs are up $450 million in the newest quarter, as it paid higher wages because it obtained harder to search out new workers and demand for shipping elevated. Chinese consumers spent $139.1 billion throughout this year’s annual Singles’ Day buying extravaganza, breaking last year’s record even though shopper spending slowed amid economic uncertainty in the course of the coronavirus pandemic. The head of Visa says he believes the pandemic triggered a permanent shift of how customers select to pay for goods and companies away from money and into payments. National Online Shopping Day (also often identified as 12.12) has been held on Dec. 12 since 2012.

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