China’s National Development and Reform Commission (NDRC)stated on Wednesday (Aug. 20) that 12 Japanese auto parts makers have been fined 1.24 billion yuan ($202 million) for their involvement in an alleged price-fixing scheme. Sumitomo Corp., Mitsubishi Electric Corp. and Denso Corp. are some of the...
The European Central Bank has identified four key payment systems under new regulations that took effect this month, making the payment systems subject to tighter regulatory control, Finextra reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amazon is boosting its presence in China by setting up shop in Shanghai’s free trade zone, a move that lets the online retail giant take advantage of less-stringent trade regulations to sell a wider range of products, according to Reuters. Get the Full Story Complete...
The world is global, so why isn’t eCommerce? MPD CEO Karen Webster hosted a digital discussion with BlueSnap CEO Ralph Dangelmaier and President of iGlobal Stores Clint Reid to get to the bottom of why 75 percent of merchants in the US aren’t capable of...
Across the globe, more travel buyers are becoming increasingly optimistic about business travel, according to a recent report. This means longer trips and higher travel spend budgets for many firms. But where is all of this optimism coming from, and is it going to last?...
The Kenyan government reportedly has launched an online system for submitting and evaluating procurement applications as it looking to become more efficient. The government’s goal also is to weed our corruption while also speeding up the procurement process. Get the Full Story Complete the form...
Small- to mid-size business owners understand that late payments will in all likelihood lead to debt. So why would an organization postpone updating a system that ensures timely invoices? One UK-based law firm discovered that 80 percent of businesses failed to update their terms and...
London-based startup TransferWise is hoping to disrupt the business of international money transfers by actually transferring as little money as possible across borders, according to USA Today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
China’s two biggest Internet companies, Alibaba and Tencent, have called a truce in their six-month war to capture customers for their respective taxi-hailing apps. Total cost: more than 2 billion renminbi ($325 million), the Financial Times reported. Get the Full Story Complete the form to...
