South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
July 28, 2022  |  Cryptocurrency

When people talk about illicit Korean cryptocurrency transactions, people tend to think of North Korean hackers stealing billions in bitcoin to fund the country’s nuclear...

READ MORE >
GDP Contracts Again, Sparking New Recession Angst
GDP Contracts Again, Sparking New Recession Angst
July 28, 2022  |  Economy

The U.S. economy contracted for the second consecutive quarter, with gross domestic product (GDP) decreasing at a 0.9% annualized rate after decreasing 1.6% in the...

READ MORE >
O’Reilly Automotive Sees Jump in Sales to Pros As Stretched Consumers Repair Old Cars
O’Reilly Automotive Sees Jump in Sales to Pros As Stretched Consumers Repair Old Cars
July 28, 2022  |  Retail

Consumers are keeping their cars longer than ever these days amid a sharp decline in the number of new cars available and the higher cost...

READ MORE >
As Jack Ma Gives up Ant Control, the Super App Now ‘Belongs’ to the Government
As Jack Ma Gives up Ant Control, the Super App Now ‘Belongs’ to the Government
July 28, 2022  |  Connected Economy

The government gets the super app — at least in China — and a fulcrum upon which it can shape the nonbank financial services ecosystem....

READ MORE >
Thai Crypto Exchange Zipmex Seeks Bankruptcy Protection
Thai Crypto Exchange Zipmex Seeks Bankruptcy Protection
July 28, 2022  |  Cryptocurrency

Zipmex is seeking bankruptcy protection in Singapore, the Thailand-based cryptocurrency exchange said Wednesday (July 27). Get the Full Story Complete the form to unlock this...

READ MORE >
Tourism Rebound, Luxury Designer Demand Lifts Kering 1H Results
Tourism Rebound, Luxury Designer Demand Lifts Kering 1H Results
July 28, 2022  |  Retail

A rebound in travel combined with increased demand for luxury apparel pushed Kering to new financial heights in the first half of 2022, with the...

READ MORE >
PaaS Startup mx51 Raises $52.5M to Expand Global Footprint
PaaS Startup mx51 Raises $52.5M to Expand Global Footprint
July 28, 2022  |  Investments

Payments-as-a-service (PaaS) platform mx51 has secured $32.5 million in a Series B funding round, according to a press release on Thursday (July 28). The funding...

READ MORE >
PYMNTS Intelligence: Payment and Ordering Options Are Key to Customer Satisfaction
PYMNTS Intelligence: Payment and Ordering Options Are Key to Customer Satisfaction
July 28, 2022  |  Restaurant innovation

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Billionaire Entrepreneur Jack Ma Could Relinquish Control of Ant
Billionaire Entrepreneur Jack Ma Could Relinquish Control of Ant
July 28, 2022  |  International

Billionaire Jack Ma, one of China’s most noted entrepreneurs, could be giving up control of Ant Group. Get the Full Story Complete the form to...

READ MORE >