The United Kingdom is poised to become the latest country to roll out rules aimed at barring acquisitions by foreign countries of businesses in key or strategic sectors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
General Electric Co. is ending a longstanding staff rotational program that lasts multiple years, which the company has harnessed to develop executives, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
ByteDance is now firmly positioned as the second-biggest platform in China by digital advertising dollars, closing in on Alibaba’s lead and bumping Baidu, according to a Reuters report citing two sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top news, Alibaba’s Singles’ Day in China has brought in $56 billion thus far, and Lyft is launching a delivery service. Plus, the Department of Justice approved Uber’s acquisition of Postmates. Get the Full Story Complete the form to unlock this article and...
Having survived the worst of COVID-19’s economic upheaval so far, top U.S. ridesharing companies Uber and Lyft have shifted from survival mode to being competitive rivals once again. Both are rolling out new initiatives aimed at swiping customers from each other. Get the Full Story...
In today’s top payments news around the world, Indonesian FinTech LinkAja closed a Series B funding round headed up by Grab, while Nigeria-based Kuda landed $10 million after a funding round. Plus, Canadian payment services company Interac is collaborating with Walmart Canada to expand debit...
The development of a COVID-19 vaccine is positive news for retailers as they find themselves once again on the front lines of the surge in the pandemic. That optimism will eventually lead to more accurate and aggressive planning for the first and second quarter of...
Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Digitally native sleep brand Purple Innovation, Inc. reported as part of its Q3 results that its direct-to-consumer (D2C) revenue surged 97.5 percent and its wholesale revenue rose 6.9 percent compared to Q3 2019, according to an announcement. Get the Full Story Complete the form to...
