As social distancing and stay-at-home orders continue due to the escalating COVID-19 pandemic, Simon Property Group has furloughed about 30 percent of its workforce, or about 1,200 to 1,400 people, according to a report on Tuesday (March 31) in CNBC. Get the Full Story Complete...
Days after Grubhub Inc. offered customers $10 off to support mobile food orders amid the coronavirus pandemic, restaurant owners are crying foul. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In today’s top payments news, Visa said transaction volumes have severely decreased due to social distancing coronavirus protocols, and small business lender Kabbage will furlough a significant number of its U.S. staff. Also, BNY Mellon names Thomas Gibbons CEO. Get the Full Story Complete the...
As government bodies have eased controls to combat disease and let manufacturing facilities open again, manufacturing in China bounced back in March. The purchasing managers’ index increased from last month’s record low of 35.7 to 52, the Associated Press reported. Get the Full Story Complete...
As the need for home delivery escalates in the wake of the coronavirus pandemic, Walgreens and Postmates have teamed up to offer expanded services to more customers, the companies announced on Tuesday (March 31). Get the Full Story Complete the form to unlock this article...
Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. Financial details of the acquisition were not disclosed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Despite the world’s markets being crippled by the coronavirus, Pinduoduo Inc., the Chinese eCommerce company, said on Tuesday (March 31) that it has raised $1.1 billion from newly issued Class A shares in a private placement. Get the Full Story Complete the form to unlock...
As retail sales fell with increasing social-distancing policies and travel limitations , companies and retail stores in Hong Kong snapped under the COVID-19 outbreak last month. Retail sales fell 44 percent in the month to $2.93 billion, which marks the biggest drop on record, Bloomberg...
