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...
The coronavirus outbreak has affected virtually all aspects of the economy, including the fashion industry, which has been grappling with how to pay for supply orders from garment makers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
More than 12 state-owned financial institutions in China are offering incentives to boost consumer lending despite an increase in the number of people defaulting, a report in The Financial Times (FT) indicated on Sunday (March 22). Get the Full Story Complete the form to unlock this...
Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic region, according to Reuters Thursday (March 19). Get the Full Story Complete the form to...
Grab, a Southeast Asian app, and the Infocomm Media Development Authority (IMDA) have teamed up to run an accelerator meant to jumpstart Singapore startups and help them to expand to other countries, according to a report by Deal Street Asia. Get the Full Story Complete...
The coronavirus pandemic has wreaked havoc on travel companies all around the world, especially airlines, but other companies with travel-facing businesses are being adversely affected as well, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
In normal times, retailers plan for the holidays in July and August. These are not normal times. But it’s not too far afield for retailers to start planning ahead for normal times — or to envision what their businesses will look like 45, 60 or...
Mario Centeno, head of the Eurogroup of eurozone finance ministers, will head up a video conference meeting of European Union officials Monday (March 16) in an attempt to assess how to steer the economy back on track amid the coronavirus outbreak, Reuters reported. Get the...
