TikTok owner ByteDance could see its valuation jump to a stunning $180 billion as it seeks another round of investor cash as part of an emerging plan to list some of its businesses on Hong Kong’s stock exchange. Get the Full Story Complete the form...
The Public Investment Fund of Saudi Arabia plans to invest about $1.3 billion for an equity stake of about 2 percent in India’s Reliance Retail Ventures Ltd., a subsidiary of the conglomerate Reliance Industries. The companies announced in a press release that the investment values...
The decline in international students setting their sights on M.B.A. programs in the U.S. means more of them are looking elsewhere — to Europe and Canada in particular, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
The International Monetary Fund (IMF) is calling on Group of Twenty (G20) member states to continue pumping money into their economies to help offset the devastating effects of the ongoing COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy...
When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report, released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. Get the...
India’s telecom giant Reliance Jio topped 405 million subscribers in the third quarter and is now the first operator outside of China to cross the 400 million mark in a single-country market, according to a TechCrunch report on Friday (Oct. 30). Get the Full Story...
In today’s top payments news around the world, Indonesian wireless carrier Telekomunikasi Selular is considering a $150 million investment in Gojek convertible bonds, while Stripe has expanded its partnership with Mindbody. Plus, the Eurozone economy is rebounding against a backdrop of surging coronavirus cases. Get the...
Against a backdrop of surging coronavirus cases, the Eurozone is reporting a rebounding economy, with a 12.7 percent hike in third-quarter gross domestic product (GDP), according to a Friday (Oct. 30) report by Eurostat, the statistical office of the European Union. Get the Full Story...
The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion and forecasted to drop a further 7.5 percent by 2021, according to a statement from the World Bank Thursday (Oct....
