News

Regulation
Regulators and Economic Experts Debate on Possible Challenges in Platform Regulation
January 28, 2022

The rise of the so-called “platforms” is leading to a new wave of regulation. This regulation overlaps with antitrust law in several respects, but it also introduces novel concepts. What is a platform? How does one define a “gatekeeper” role? Once defined, what specific rules...

IPO
China Investigation Triggers Delay in 60+ IPOs
January 28, 2022

More than 60 initial public offerings (IPOs) across China — including Deutsche Bank AG’s Chinese securities venture — are on hold as regulators look into the law firms and underwriters behind them, Reuters reported Friday (Jan. 28). Get the Full Story Complete the form to...

Retail
Retailers Face Post-Holiday Reality of Rising Prices, Decreased Spending
January 28, 2022

When prices rise faster than incomes, consumers tend to tighten their belts and give up a few non-essential purchases, and according to the latest government data, that is exactly what’s happening right now. Get the Full Story Complete the form to unlock this article and...

eCommerce
India’s Ola Plans 500 Quick Commerce Dark Stores
January 28, 2022

Indian ride-hailing service Ola has rebranded its quick commerce business to “Ola Dash” as it prepares to establish what will be the largest collection of “dark stores” in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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...