The most common association with the term “social credit score” is with China. Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according...
Gloomy economic clouds keep gathering, and the latest example comes from Europe, as retailers and payment services providers shift more of their focus to the all-important holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As the U.S.-China trade war continues and economies take a dive, already low global interest rates could drop even further, The Wall Street Journal reported on Sunday (Sept. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
China’s second-quarter economic data shows a 6.2 percent growth; however, economists and investors believe the numbers are worse than what is being officially released, The Wall Street Journal reported. China’s reported data came in close to Beijing’s target, a figure that has been published quarterly...
The trade war, indirectly, seems to have had an impact on hiring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
After the President Donald Trump administration added 15 percent tariffs to $112 billion of goods from China on Sunday (Sept. 1), China responded by imposing additional tariffs on U.S. goods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Economic data points are frozen in time – and yet taken collectively tell tales. The latest readings on consumer confidence and on business inventories and shipments seem to hint at some divergence in how consumers see their near term fortunes and businesses see theirs….question is:...
Does a softness in investment activity by U.S. firms hint at a rocky fourth quarter and bumpy holiday spending season? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The world is awash in debt marked by negative interest rates. It’s a $17 trillion warning sign of overextended corporate borrowing and lending, CreditRiskMonitor CEO Jerry Flum tells Karen Webster that this time it’s different — and China looms as a factor in how it...
