The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. 19). Get the Full Story Complete the form to unlock this...
South Korea may be in danger of a recession in the wake of the deadly coronavirus because of its China-dependent economy, President Moon Jae-in warned. Moon called the virus “more serious than [they] thought,” and said action would need to be taken, the Financial Times reported....
Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S., mainland Europe and its investment bank, the Wall Street Journal (WSJ) reported on Tuesday (Feb. 18). Get the Full Story...
The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. 17). Get the Full Story Complete the form to unlock this article...
Alibaba said on Monday (Feb. 17) that ㍐20 billion ($2.86 billion) is available in loans via its affiliate, Ant Financial’s MYBank, to help companies affected by the Coronavirus, Reuters reported, citing an announcement on Alibaba’s official Weibo account. Get the Full Story Complete the form...
China’s coronavirus is having a negative impact on the eurozone’s already-sluggish economy, and no one is confident that the U.S. Fed will leave interest rates alone until the end of the year. In addition, the outbreak of coronavirus brought copper’s rally to an end. Copper...
Amazon and Flipkart are pushing back against a proposed Indian tax on the online eCommerce market, saying it will stymie growth in the industry, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Mobile World Congress (MWC), one of the world’s largest tech shows that features over 100,000 participants each year, has been canceled due to fears over the Coronavirus. Organizers are now asking that the tech community absorb some of the financial hit, according to a...
