Hilton To Cut 2,100 Employees Due To Pandemic
Hilton To Cut 2,100 Employees Due To Pandemic
June 16, 2020  |  Coronavirus

With the hospitality industry slammed by the COVID-19 crisis, Hilton Worldwide Holdings said it planned to cut about 22 percent of its corporate workforce globally,...

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Greensill Buys Omni, Eyeing More Latin America Work
Greensill Buys Omni, Eyeing More Latin America Work
June 16, 2020  |  B2B Payments

Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs)....

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Monzo Sees 40 Percent Drop In Valuation In VC Deal
Monzo Sees 40 Percent Drop In Valuation In VC Deal
June 16, 2020  |  Digital Banking

Online U.K. bank Monzo, fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation...

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Mall Of America’s Mortgage Payments Reportedly Overdue
Mall Of America’s Mortgage Payments Reportedly Overdue
June 16, 2020  |  Debt

Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. Get the Full...

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McDonald’s Reports Sales Slipped In May
McDonald’s Reports Sales Slipped In May
June 16, 2020  |  Earnings

All but 5 percent of McDonald’s restaurants are open, but that has done little to improve sales. Get the Full Story Complete the form to...

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Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
June 16, 2020  |  News

In today’s top news, Walmart acquired health services tech startup CareZone for $200 million, and Grab will lay off more than 300 employees. Plus, WhatsApp...

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Flywire Research Shows Strong Consumer Demand For Post-Pandemic Travel
Flywire Research Shows Strong Consumer Demand For Post-Pandemic Travel
June 16, 2020  |  Travel Payments

Payments firm Flywire has released new research showing that travel agents, as well as operators, receive high marks for handling interruptions the pandemic has caused...

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