Editor’s Picks

Consumer Uncertainty Overshadows Georgia’s Reopening, Atlanta Fed Chief Says

Consumer Uncertainty Overshadows Georgia’s Reopening, Atlanta Fed Chief Says
Consumer Uncertainty Overshadows Georgia’s Reopening, Atlanta Fed Chief Says
May 22, 2020  |  Economy

Raphael Bostic, president of the Atlanta Federal Reserve, called Georgia’s reopening rollout a “mixed bag” in which only parts of the state were eager to...

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Dubai Creating $870M Free Trading Zone For eCommerce
Dubai Creating $870M Free Trading Zone For eCommerce
May 22, 2020  |  Cross-border Payments

The government of Dubai is planning to create an $870 million free trade zone for eCommerce named Dubai CommerCity (DCC). The development project will be...

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China Drops GDP Target Due To Economic Instability
China Drops GDP Target Due To Economic Instability
May 22, 2020  |  Cross-border Payments

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic....

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Senate Bill Would Double Time For PPP Loans
Senate Bill Would Double Time For PPP Loans
May 21, 2020  |  Loans

The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program...

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Mall of America Skips Mortgage Payments Before June Reopening
Mall of America Skips Mortgage Payments Before June Reopening
May 21, 2020  |  Retail

As an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on...

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Netflix To Automatically Cancel Inactive Accounts To Save People Money
Netflix To Automatically Cancel Inactive Accounts To Save People Money
May 21, 2020  |  Subscriptions

Those who haven’t used their Netflix accounts in a year will see an email this week asking if they still want to subscribe, and those...

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IBM Gets Stake In Blockchain Finance Network we.trade
IBM Gets Stake In Blockchain Finance Network we.trade
May 21, 2020  |  B2B Payments

To allow for network improvements and the acceleration of the worldwide commercialization of its platform, we.trade has unveiled an “enhanced collaboration” with IBM. The company also...

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Uber Assisted Nearly 50K Workers With $19M During Pandemic
Uber Assisted Nearly 50K Workers With $19M During Pandemic
May 21, 2020  |  Economy

Uber said it has so far spent $19 million assisting almost 50,000 drivers and food delivery couriers who came down with the coronavirus or were...

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