Cannabis Bill Backer Sees New Hope For Passage
Cannabis Bill Backer Sees New Hope For Passage
July 26, 2022  |  Banking

The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new...

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CFTC’s Chair: Crypto and DeFi Have Outgrown Sandbox
CFTC’s Chair: Crypto and DeFi Have Outgrown Sandbox
July 26, 2022  |  Cryptocurrency

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

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Upward Pricing Strategy, Doubling Down on B2B eCommerce Pay Off for Unilever
Upward Pricing Strategy, Doubling Down on B2B eCommerce Pay Off for Unilever
July 26, 2022  |  Earnings

According to a recent PYMNTS report, European supermarkets’ own-brand labels have increased their market share compared to more expensive branded goods, triggering a drop in...

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LVMH Overcomes China Slowdown With First-Half Sales Surge
LVMH Overcomes China Slowdown With First-Half Sales Surge
July 26, 2022  |  Retail

French luxury retailer LVMH on Tuesday (July 26) reported 21% organic sales growth in the first half of 2022, despite rising concerns about increasing inflation...

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Report: South Africa’s Biggest Banks at Risk for Money Laundering
Report: South Africa’s Biggest Banks at Risk for Money Laundering
July 26, 2022  |  Banking

The South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity....

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Ant Group Execs Step Away From Alibaba Amid Probes in China
Ant Group Execs Step Away From Alibaba Amid Probes in China
July 26, 2022  |  Partnerships

Ant Group executives are stepping down as partners of affiliate company Alibaba as the two biggest tech firms in China seek distance from one another against a backdrop...

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Alibaba Slows Global Expansion Plans as eCommerce Platform Struggles
Alibaba Slows Global Expansion Plans as eCommerce Platform Struggles
July 26, 2022  |  eCommerce

Chinese tech giant Alibaba’s global expansion plans — and efforts to rival Amazon by adding more U.S. businesses to its eCommerce platform — are on...

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Balance Raises $56M for Online Global Trade With B2B eCommerce Checkout
Balance Raises $56M for Online Global Trade With B2B eCommerce Checkout
July 26, 2022  |  Investments

B2B marketplace and eCommerce payments platform Balance announced a $56 million Series B fundraising round Tuesday (July 26), bringing the company’s total funding to $87...

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CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. Get...

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