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Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
December 21, 2023  |  Consumer Insights

Chinese consumers are reportedly feeling the effects of the country’s economic downturn.  This downturn, characterized by declining exports, a slowdown in manufacturing and a property...

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Transportation Company Hyperloop One to Shut Down
Transportation Company Hyperloop One to Shut Down
December 21, 2023  |  Transportation

Hyperloop One, a transportation company that aimed to revolutionize transit with its high-speed tube-encased lines, is reportedly shutting down. The company is selling off its...

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Apple Stops Online Sales and Repairs of Smartwatches in Patent Dispute
Apple Stops Online Sales and Repairs of Smartwatches in Patent Dispute
December 21, 2023  |  Apple

Apple stopped selling its latest smartwatches, the Apple Watch Series 9 and Apple Watch Ultra 2, in its online store Thursday (Dec. 21) due on...

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Warehouse Automation Firm GreyOrange Raises $135 Million 
Warehouse Automation Firm GreyOrange Raises $135 Million 
December 21, 2023  |  Investments

Artificial intelligence-driven automation company GreyOrange raised $135 million in a Series D funding round. The capital will support further adoption of GreyOrange’s fulfillment orchestration platform...

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Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
December 21, 2023  |  Acquisitions

Alternative asset manager Blackstone is reportedly set to acquire an 80% stake in Sony Payment Services, a payment service provider under Sony Group.  The deal, valued at approximately $280...

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Cybersecurity Firm WISeKey Launches Logistics Program in Spain
Cybersecurity Firm WISeKey Launches Logistics Program in Spain
December 21, 2023  |  B2B Payments

Cybersecurity firm WISeKey has integrated Spain’s Port of Algeciras into its WISeSmartContainers Consortium. “WISeSmartContainers represents a revolutionary technological platform in the transport and logistics industry,...

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NexPay Teams With Flagright for Faster Student Payment Processing
NexPay Teams With Flagright for Faster Student Payment Processing
December 21, 2023  |  Partnerships

Student payment FinTech NexPay partnered with Flagright to improve its real-time payment processing capabilities. Australia-based NexPay lets study abroad students pay in local currencies, with...

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Transportation Department Investigates Airlines’ Rewards Programs
Transportation Department Investigates Airlines’ Rewards Programs
December 21, 2023  |  Loyalty & Rewards

The U.S. Department of Transportation is reportedly closely examining the frequent flyer programs of major U.S. airlines, aiming to identify potential deceptive or unfair practices...

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Visa and Tech5 Partner to Promote Digital ID-Based Payments
Visa and Tech5 Partner to Promote Digital ID-Based Payments
December 21, 2023  |  Digital Identity

Visa has teamed with biometrics firm TECH5 to help build “digital government ecosystems on a global scale.” The partnership will involve the two companies working to “implement digital ID-based...

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