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197BankingBoE Gov Says Crypto Could Slow Bank Loans
The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry...
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254InternationalCoronavirus Impacts eCommerce, Business Travel
The coronavirus has wide-reaching effects on eCommerce, technology, medicine, business travel and the economy. Here are the latest updates on its impacts...
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279Digital BankingCapital One To Focus On Digital, Close 37 Locations
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by...
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305Digital BankingChallenger Bank Aion Is Subscription Based, Set To Open In Belgium
New subscription-only bank Aion is launching in Belgium, and it wants customers to be able to get the most out of their...
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316DeliveryAmazon To Enter India’s Food Delivery Space
In a move that could interrupt the duopoly of Zomato and Swiggy, competition in the food delivery space in India could intensify...
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388InvestmentsMapping Startup WhereIsMyTransport Raises $7.5M From Google, Toyota
WhereIsMyTransport, a mapping startup that works to outline public transport routes in emerging markets, has raised $7.5 million in a Series A...
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380InternationalCoronavirus Closes Tokyo Disneyland, Large events Banned In Switzerland
Tokyo Disneyland will be closed from Saturday (Feb. 29) to at least March 15 due to concerns over containing the spread of...
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393InternationalAfterpay Now Has More Customers In US Than In Australia
In its half-yearly financial results, Australian FinTech firm Afterpay Limited reported more customers in the United States than in Australia. The company said it...
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651RetailJapan Regulators Want Rakuten To Shelve Free Shipping Offer
The Fair Trade Commission in Japan (JFTC) has asked eCommerce company Rakuten to delay its plans to offer free shipping, which would...
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535BiometricsIBM, Vatican and Microsoft Team Up On AI, Facial Tech Regulation
Microsoft and IBM have teamed up with the Vatican to call for ethical and responsible use and regulation of artificial intelligence (AI) and...
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442RetailGrocery eTailer RedMart Sees Record Demand Amid Coronavirus
More consumers are reportedly tapping into eCommerce to buy groceries, as well as other products, following a panic-buying in Singapore in February...
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428RetailShoppers Likely To Avoid Malls If Coronavirus Escalates
In the event that the Coronavirus gets worse in the United States, 58 percent of consumers say they will probably steer clear...
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422RetaileCommerce Fashion Seller Zalando Pivots To Luxury Apparel
Zalando, Europe’s largest online fashion retailer, is making an ambitious foray into the €38bn luxury clothing market. The company plans to double...
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552RetailAmerican Dream Megamall Announces First Shops To Open In Spring
The American Dream megamall in New Jersey is preparing to open a round of retail stores after nearly two decades in waiting....
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1.3KBitcoinBitcoin Daily: Steven Seagal To Pay $314,000 SEC Fine Over Crypto Offering; Ukraine Gov’t Worker Accused Of Crypto Mining
Actor Steven Seagal was at the center of charges now settled with the Securities and Exchanges commission related to cryptocurrency investments, according...
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995Merchant InnovationSphere, VisitPay Debut Text To Pay For Healthcare
Sphere, a leader in end-to-end payment solutions, will team up with VisitPay, which works with medical patient payment and security, to improve...
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824Gig EconomyEU Antitrust Chief Backs Gig Workers
Uber‘s drivers and takeout delivery workers have found allies in the European Union (EU), as its antitrust chief wants to help them...
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978Partnerships / AcquisitionsMorgan Stanley Looks To Add To Asset Management Unit, CFO Says
Morgan Stanley‘s acquisition of electronic trading platform E-Trade may not have satiated its appetite for deals, the company said, according to Bloomberg....
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1.1KAcquiringGreat Hill Partners Acquires Insurance Payments Startup One Inc
Insurance-leaning digital payments solutions vendor One Inc has been acquired by growth-oriented private equity firm Great Hill Partners, according to a release on...
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1.3KInternationalCoronavirus Update: US Cos See Impact, China Begins To Reopen For Business
Facebook has cancelled its annual F8 developers’ conference over concerns about the coronavirus, reports said. More specifically, the social media company cancelled...
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1.5KCryptocurrencyJapan’s Central Bank Calls For Nuance With Gov-Backed Crypto
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world...
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1.1KInvestmentsMalaysian Food Delivery Startup Dahmakan Raises $18M
Dahmakan, a Malaysian food delivery startup that uses menus and cloud kitchens, has raised $18 million in a Series B funding round,...
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813MobileFCC Seeks Fines Against Top Cellphone Carriers Following Probe
The Federal Communications Commission (FCC) is seeking hundreds of millions of dollars in fines from major U.S. cellphone carriers after officials determined...
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1.8KRetailWalmart Takes Aim At Amazon Prime With Walmart+
Walmart, in a bid to stem eCommerce losses and compete more directly with Amazon, is working on a new endeavor called Walmart+...
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1.3KInternationalCoronavirus Affects Movies, Toys, Earnings And Air Travel
The COVID-19 virus, also known as the coronavirus, is continuing to spread around the world, and it’s affecting everything from movie release...
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1.3KSecurity & FraudEurope’s Financial Forces Launch Cybersecurity Sharing Initiative
A cross-section of European financial powerhouses – including members of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), chaired by...
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857Point of SaleSkip And Paytronix Team Up On Mobile Checkout, Loyalty Incentives
Cloud point of sale and mobile checkout company Skip has teamed up with guest experience platform Paytronix Systems to beef up shopper...
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701PersonnelVirgin Money, Lloyds To Cut 1,200 Jobs
Virgin Money is laying off a quarter of its branch network, shedding 500 jobs. Meanwhile, Lloyds Banking Group has announced plans to...
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948RidesharingLuxury Uber Alternative Wheely Wants To Expand, Raise $30M
Luxury Uber alternative Wheely, a ride-hailing company that’s aimed toward more affluent customers and has drivers that arrive in high-end Mercedes-Benz vehicles,...
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926StartupsGrab Creates Accelerator For Vietnam Startups
Singapore-based app Grab has launched an accelerator program for startups in Vietnam, according to a report by Deal Street Asia. The initiative,...
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881IPODoorDash Confidentially Submits IPO Paperwork
Silicon Valley-based delivery unicorn DoorDash has filed paperwork for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), the...
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931Point of SaleMastercard, myPOS Team For European SMB Card Payments
Mastercard and pan-European FinTech myPOS are teaming up to promote card payment solutions to small and medium-sized businesses (SMBs) across Europe, Mastercard...
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820RetailPoshmark Surpasses 100M Resale Transactions
Resale marketplace Poshmark has passed the 100 million order milestone, the company announced with the release of its second social commerce report, “2020:...
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915RetailPanera To Roll Out Coffee Subscription
Another coffee subscription is now available to keep consumers safely caffeinated on demand. Coming soon to a Panera Bread location near you...
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1.0KEconomyPayPal Warns Of Q1 Revenue Hit From Coronavirus
PayPal said that after thoroughly analyzing the evolving Coronavirus effect, it is anticipating about a 1 percent drop in its first-quarter 2020...
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1.1KRetailMercedes-Benz Upgrades Subscription Service To Include AMG Models
Mercedes-Benz has upgraded its subscription service to include high-performance AMG models, according to a report by The Verge. People who subscribe to...
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824InternationalUS Firms In China Warn 2020 Earnings Could Miss Projections By 50 Pct
American companies in China indicate annual revenue could be off by almost 50 percent due to shortages created by the coronavirus pandemic,...
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1.4KBitcoinBitcoin Daily: Bitcoin Drops As Investors Question Value
Bitcoin’s decline continued Wednesday (Feb. 26) as it fell below the mark investors were looking at as a key line of support....
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1.8KInvestmentsInvestors Fear China Stock Market Bubble Brought On By Gov’t Stimulus To Combat Virus
A surge cap in Chinese stocks, fueled by the stimulus package from the government to combat the virus-riddled economy, has brought about...
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1.7KCryptocurrencyJudge Lets XRP Lawsuit Proceed Against Ripple
A class-action lawsuit that threatened the world’s third-largest virtual currency, XRP, will continue, as it was not thrown out at the request...
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1.3KBankingEU Bank License To Boost Banking Circle Expansion
Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The...
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1.2KCryptocurrencyCrypto Broker Tagomi Joins Libra Association
Tagomi, a digital currency upstart, will reportedly become the newest Libra Association member. According to reports on Wednesday (Feb. 26), a formal announcement is...
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925RetailUS Consumers Expected To Drive Retail Sales Up
U.S. retail sales are expected to rise between 3.5 percent and 4.1 percent, topping $3.9 trillion. However, the coronavirus could put all of...
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681AppleApple Targets India For Online, Retail Push
Apple‘s annual shareholder meeting at the Steve Jobs Theater on Wednesday (Feb. 26) addressed expansion plans in India, and the effects of...
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1.3KPersonnelLendingClub Hires Uber’s Annie Armstrong As Chief Risk Officer
LendingClub announced on Wednesday (Feb. 26) its new Chief Risk Officer Annie Armstrong, who has decades of experience in risk management for financial...
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1.7KSecurity & FraudFacial Recognition Firm Clearview AI Client List Is Hacked
Facial recognition outfit Clearview AI — which collects billions of photos off the internet, and uses them for facial recognition technology — has...
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1.5KInvestmentsAfrican Financial Startup JUMO Notches $55M
FinTech upstart JUMO has notched $55 million in equity and debt funding. The newest investment round had participation from current investors, with the inclusion...
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1.0KMobileIntel Debuts New 5G Infrastructure
Intel has announced that it has a bevy of new infrastructure to work with 5G technology and capitalize on it, according to...
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1.7KPartnerships / AcquisitionsBrink’s Closes $860M Deal For Majority Stake In G4S
Cash management firm The Brink’s Company is acquiring a majority stake in the security services company G4S for $860 million (£660 million),...
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2.2KInternationalAmazon In Japan Could Face Inventory, Production Impacts From Coronavirus
The coronavirus (COVID-19), which began in China, has far-reaching impacts that extend beyond health, with a wide range of economic effects in...
