Fidelity, the U.S. fund management giant, is in talks to take a 100 million pound (about $136.8 million) stake in the U.K.’s Starling Bank in what could be a great vote of confidence for the burgeoning digital lender, Sky News reported. Get the Full Story...
Forget the last mile. In the European Union, every mile is contested lately. The continent’s supply chain, already under pressure and now cracking with the attempt to get the COVID-19 vaccine distributed, is becoming so disrupted it has pushed up the price of consumer goods....
The U.K. fashion industry is being hit hard amid the shifts from Brexit, according to an open letter from Tamara Cincik, CEO of Fashion Roundtable, addressed to government leaders, asking for aid like what’s been offered to other industries. Get the Full Story Complete the...
A U.S. lobbying organization representing companies like Walmart and Amazon has asked India not to strengthen eCommerce mandates for companies outside of the country, Reuters reported on Friday (Jan. 29), citing a letter. Get the Full Story Complete the form to unlock this article and enjoy...
Felix Hufeld, head of Germany’s financial watchdog Federal Financial Supervisory Authority (BaFin), and his deputy, Elisabeth Roegele, have been dismissed over their handling of the Wirecard debacle, according to a Reuters report on Friday (Jan. 29). Get the Full Story Complete the form to unlock this...
Germany’s finance minister sees OECD member states reaching a deal by this summer on imposing a tax on major digital firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Written on International Migrants Day, this contribution from Hikmet Ersek, president, CEO and director of Western Union, emphasizes the importance of global migrants in strengthening the world’s economy. “Whether a border is geographical, political, economic or technological, these women and men will not let it...
In today’s top payments news around the world, Klook has closed a Series E funding round headed up by Aspex Management, while Gojek is aiming to expand its ridesharing and online payments business. Plus, artificial intelligence (AI) firm, Ariel AI, has been acquired by Snap....
Japanese coordinators for the 2021 Summer Olympics in Tokyo are hoping that newly-elected U.S. President Joe Biden can help kick up momentum in support of the Games, pushing back on cancellation rumors, according to The Wall Street Journal on Wednesday (Jan. 27). Get the Full...
