News

Investments
Google Investing $1B in India’s Bharti Airtel
January 28, 2022

Google will invest up to $1 billion as part of a long-term partnership with Indian telecom Bharti Airtel, designed to boost the country’s digital ecosystem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
UK’s ICO Wants Larger Role in Regulating Big Tech
January 28, 2022

The UK’s new information watchdog says his county will seek a leading role in making Big Tech companies accountable as Britain frees itself of European Union data regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Biometrics
Facial Recognition Soon Required for IRS Website Users
January 28, 2022

Starting this summer, the IRS is requiring users of its online tools to verify their identity by registering with its biometrics partner ID.me, which requires users to submit a driver’s license or passport along with a selfie or in some cases video, for facial recognition,...

Retail
AMZN vs WMT Weekly: Staggering Into Earnings, It’s Time to Ask, ‘What Could Go Right?’
January 28, 2022

By this time next week, we will have half the answer to a roughly $300 billion question, after Amazon has reported its fourth-quarter earnings results on Feb. 3. Ahead of that milestone, the past two months have been nothing short of brutal for the eCommerce...

Retail
Luxury Watchmaker HYT Emerges From Bankruptcy With Improved Quality Controls
January 28, 2022

It looks like HYT’s time wasn’t up after all. The luxury watch seller — with prices in excess of $70,000 — that boasts it was “born of a question” faced a questionable future when it filed for bankruptcy last year, but it has emerged from...

Regulation
Meta Lands a Victory in Europe and Then It Gets a New Inquiry 
January 28, 2022

While investors are waiting for Meta’s quarterly reports next week to learn the company´s plans for the metaverse — or in other words, how much money it is going to invest in this new venture — Thursday (Jan. 27), was another day with new regulatory...

Regulation
UK Law Could Hold Automakers, Software Firms Accountable in Autonomous Cars
January 28, 2022

The Law Commission of England and Wales and the Scottish Law Commission released a final 315-page report on January 26 recommending the U.K. and Scottish Parliaments introduce new legislation to regulate self-driving cars.  Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
Revolut to Offer US Consumers Free Remittances to Mexico
January 28, 2022

Global finance app Revolut has announced that U.S. customers can transfer money to Mexican bank accounts, according to an emailed press release Friday (Jan. 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
Data Protection Holds Influential Role In EU Legislative Process, Regional Watchdog Says
January 28, 2022

When the European Data Protection Supervisor (EDPS) recommended that the artificial intelligence (AI) act shouldn’t allow AI systems to recognize human features in public places, and this was reflected in the final version of the law, it was a victory for EDPS Director Leonardo Cervera. Get...