Commerce

The cashless economy has become increasingly prevalent in developed countries such as the U.S. and Japan. Consumers are incentivized to use debit or credit cards through discounts and freebies, and banks and credit card companies collect information on people’s spending habits.

Some stores in the U.S. have decided to stop accepting cash from customers altogether, which has resulted in a backlash. Millions of people, most of whom live below the poverty line, do not have a bank account and only deal in cash. Advocates have argued that the cashless economy discriminates against poor people and the homeless.

American cities and states have started banning cashless stores on the grounds that they are discriminatory. San Francisco, New York City, Washington, D.C., Philadelphia and New Jersey have recently passed legislation forcing stores to accept all types of legal tender.

Steep tariffs, challenging geography and government subsidies come to mind when we think about the barriers to international trade. But there are lots of different languages in the world, and translation problems can slow things down, too.

Evidence from a new translation technology powered by artificial intelligence might be able to help clear those hurdles. In 2014, eBay mediated over $14 billion of international trade in more than 200 countries. That same year, the company introduced eBay Machine Translation, or eMT, an in-house machine learning system that translates between languages when users search or view listings on its website.

The system was about 7 percent more accurate than the previous translation service the company was using, and that led to a 17 to 20 percent increase in exports through the platform to Spanish-speaking countries in Latin America.

Retail giant Aeon Co. has renovated 13 outlets across the country to cater to seniors, offering earlier opening hours and services that encourage asatomo (morning friends) get-togethers.

Kohei Nakahara, a store manager, canvassed elderly people who frequent nearby parks to better understand their needs. “We brought what they want to do into our store, and it resulted in them staying longer. We want to make the store a place like a community hall for neighbors,” he said.

Aeon Retail positioned one store each in Tokyo, Nagoya and Osaka as model outlets for seniors. Aeon Kasai, the first newly-renovated store to open since 2013, has tried to attract seniors by offering various services from health checkups to a shop that sells fashionable canes.

Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.

In a sign of how the retailer is changing, the Amazon Echo, a voice-activated electronic assistant, was also for sale, for $99.99—a sharp pivot into electronics for a company known for kale and quinoa. The Echo Dot, a smaller version, was advertised for $44.99.