Germany’s blue-chip DAX index will be replacing Wirecard, the disgraced payments company, with a new listing for Berlin’s Delivery Hero, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
General Motors (GM) is retooling its China manufacturing plants to build electric cars in a country that reportedly contributes nearly one-fifth of its profit, the Detroit automaker announced Wednesday (Aug 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In the first two weeks of the United Kingdom’s Eat Out to Help Out campaign, the nation’s HM Treasury estimates diners have purchased 35 million meals from 85,000 restaurants and pubs, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock...
China’s Ant Group reportedly plans to create a new consumer finance company which would allow the firm to cement its base in the country’s online lending industry. Meanwhile, Ant — which Chinese giant Alibaba Group Holding owns a 33-percent stake in — is gearing up for...
U.S. and European companies will have to spend as much as $1 trillion to replace Chinese suppliers, but the expense will be worth it, according to Bank of America research cited by CNBC on Tuesday (Aug. 18). Get the Full Story Complete the form to...
The U.S. Department of Commerce (DOC) has doubled down its prohibition against Huawei Technologies Co.’s purchase of technology and software from U.S companies, alleging it undermines the nation’s security and foreign policy interests. Get the Full Story Complete the form to unlock this article and...
The stock prices of Europe’s big commercial insurers are taking it on the chin as claims mount amid the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
