BAIC Group, the Chinese automotive company, wants to buy 5 percent of Daimler, reported Reuters. 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,...
Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher...
Walmart Brasil has announced it will shutter its eCommerce division in Brazil and focus on physical stores, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
At the end of another busy week, it can pay to look back at some of the biggest recent news in payments and commerce. And this week was a meaty one for news: Mastercard and Visa made acquisitions, the Facebook payment proposition was dissected, new findings...
When it comes to money, the little things really do matter — the really, really little things. That’s what Australian authorities are learning this week in a case that involves an expensive typo on 46 million of the country’s new $50 notes. And it’s a lesson...
While both Amazon and Walmart tout an obsession with consumer experiences, this week the race for the customer’s whole paycheck saw the light shining on managers at Walmart and sellers on Amazon – and the six-figure opportunities available to both. Get the Full Story Complete...
Card payments in Germany, a traditionally cash-forward country, have surpassed cash payments for the first time in history, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In a move that brings it closer to an initial public offering (IPO), Anheuser-Busch InBev Group’s Asian business filed an application for a Hong Kong stock exchange listing. The Budweiser Brewing Company APAC Ltd. unit makes, imports and sells more than 50 brands of beer...
Online brands are exploring the world of physical retail with brick-and-mortar stores, and this week, fashion eTailers continued to expand their brick-and-mortar footprints in two somewhat different and distant cities — San Francisco and New York. But eCommerce retailers included omnichannel features for their shoppers...
