International

International
Paysend Launches Mobile Multi-Currency Wallet In Europe
February 20, 2020

The U.K. FinTech Paysend is introducing Global Account, its international, fee-free mobile money account with a multi-currency wallet, to European users, the company announced on Thursday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
UK Google Users Will Be Under US, Not EU Privacy Protections
February 20, 2020

Google users in the U.K. will no longer have access to European Union data security, instead being moved by the tech giant to American jurisdiction, according to officials, according to Reuters on Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this...

International
Goldman Sachs Warns Of Market Drop Due To Outbreak
February 20, 2020

Despite high levels of U.S. and European stocks, Goldman Sachs warns that the coronavirus’ impact could bring it all toppling down, according to the Financial Times on Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
In Wake of Coronavirus, China Gov’t Takeovers Are Real Possibilities
February 19, 2020

Beyond the obvious health impacts of the Coronavirus outbreak itself, where hospitals are filling up and the death toll is mounting, costs of a different sort are looming. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Europe
EU Wants PSD2-Like Regs For Big Tech Data
February 19, 2020

The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. 19). Get the Full Story Complete the form to unlock this...

International
South Korea Braces For Coronavirus-Caused Recession
February 19, 2020

South Korea may be in danger of a recession in the wake of the deadly coronavirus because of its China-dependent economy, President Moon Jae-in warned. Moon called the virus “more serious than [they] thought,” and said action would need to be taken, the Financial Times reported....

International
China Uses Monetary Policy To Cure China’s Economic, Viral Ills
February 18, 2020

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus? 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...

International
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S., mainland Europe and its investment bank, the Wall Street Journal (WSJ) reported on Tuesday (Feb. 18). Get the Full Story...

International
Japanese Sales Tax Triggers 6 Pct Economic Contraction
February 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. 17). Get the Full Story Complete the form to unlock this article...