Australia and New Zealand have announced that they are both adopting the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for eInvoicing. Australia Prime Minister Scott Morrison and New Zealand Prime Minister Jacinda Ardern revealed the news at the annual Australia-New Zealand Leaders Meeting in Auckland on...
Didi Chuxing, the Chinese ride-hailing startup, ByteDance, the mobile app maker in China, and other Chinese tech firms are reining in perks such as free snacks and gym memberships, slashing bonuses and laying off workers amid a slowdown in the economy. Get the Full Story...
Ride-hailing company Lyft made its initial public offering (IPO) papers public on Friday (March 1) to kick off what is expected to be a busy year for IPOs. According to The Wall Street Journal (WSJ), the papers revealed that the company earned $2.16 billion in 2018,...
The world’s first cannabis exchange traded fund (ETF) has returned more than 50 percent so far this year, growing to $1.3 billion in assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in...
Ola Electric Mobility, which is backed by Indian ride-hailing company Ola, announced that it has raised 4 billion rupees ($56.4 million) in its first funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
All Deborah Copaken really wanted was a warm coat. 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, PYMNTS Today. By completing this form,...
Wells Fargo has reached a $240 million settlement with U.S. shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. According to Reuters, the settlement by the bank’s executives and directors was filed on Thursday (Feb. 28) with the federal court...
Ant Financial has led a $500 million investment in startup Danke Apartments, a Beijing-based co-living group. 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...
