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Chinese Consumers’ Buying Expected To Surge After Months Of Caution
Chinese Consumers’ Buying Expected To Surge After Months Of Caution
November 29, 2020  |  Retail

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects...

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Digital Sales Surge On Black Friday
Digital Sales Surge On Black Friday
November 29, 2020  |  Retail

Black Friday shoppers stayed home, delivering a feared blow to brick-and-mortar retailers on what usually is one of their biggest days of the year, the...

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UK Digital Markets Unit To Tighten, Enforce Big Tech Competition Rules
UK Digital Markets Unit To Tighten, Enforce Big Tech Competition Rules
November 29, 2020  |  Regulation

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook,...

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COVID Programs Allowing Loan Deferrals Have Shown Mixed Outcomes
COVID Programs Allowing Loan Deferrals Have Shown Mixed Outcomes
November 29, 2020  |  Loans

The loan payment relief required by the federal CARES Act in response to household income disruption caused by the pandemic has produced mixed results, The...

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Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
November 29, 2020  |  Economy

President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson...

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Facebook’s Libra To Make 2021 Debut As Single, Dollar-Backed Coin
Facebook’s Libra To Make 2021 Debut As Single, Dollar-Backed Coin
November 29, 2020  |  Cryptocurrency

Facebook‘s digital currency, Libra, could launch by January, but in a “limited format,” according to officials, as reported by Financial Times (FT). Get the Full...

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EU Digital Chief: Tech Firms That Break New Rules Face Fines, Break Up
EU Digital Chief: Tech Firms That Break New Rules Face Fines, Break Up
November 26, 2020  |  International

Thierry Breton, EU’s digital chief, says tech giants breaking the bloc’s new rules could face fines or more severe punishments like breaking up their European...

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HSBC Debuts Open Payments Platform For eCommerce As Alternative To Debit, Credit
HSBC Debuts Open Payments Platform For eCommerce As Alternative To Debit, Credit
November 26, 2020  |  Payment Methods

HSBC has launched its new HSBC Open Payments solution, which will enable companies to install alternatives to debit or credit for customers to pay for...

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China’s Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight
China’s Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight
November 26, 2020  |  International

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. 25). Get the...

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