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...Brussels is to impose its first ever fine on tech giant Apple for allegedly breaking EU law over access to its music streaming services, according to five people with direct knowledge of the long-running...
...But their moves have fallen short of offering direct compensation to victims’ descendants. The insurance industry is seen as having enabled slavery given its importance to global shipping....
...Rob Beard, chief legal officer, general counsel and head of global policy at Mastercard, said: “This agreement brings closure to a long-standing dispute by delivering substantial certainty and value to business...
...But less global focus can mean missing out....
...Healthcare payments software group Waystar filed publicly for an IPO in November, but ultimately held back....
...Apple already sells TV and music streaming, cloud storage, gaming, payments, advertising, etc. What worlds are left to conquer?...
...They rely on physical payment cards. Direct bank-to-bank payments are the only threat to their use. For these to really take off, payments must shift further into the digital realm....
...It will also leave in place an injunction issued by the lower court forcing Apple to make tweaks to its App Store terms to allow developers to direct users outside of their apps to make payments, however...
...The Australian agreement was the first between the global technology industry and media companies in the world....
...to use only its own payment system to keep them locked into its ecosystem, the US alleged....
...Bondholders will also extend repayment dates and provide payment relief, enabling Zambia to continue receiving funds under a $1.3bn IMF bailout....
...So a new report from S&P Global Ratings on payment-in-kind bonds – aka PIKs – is going to really irritate them....
...HSBC, on the other hand, is already offering fee-free transfers to existing customers though its Global Money account....
...They are trying to take on the big card networks with direct bank-to-bank systems. But this is a gargantuan task. Consolidation is needed and a likelier next step....
...Cerulli Associates estimates that assets in direct indexing might hit $800bn by 2026, but that’s still pretty modest compared to the size of the global investment industry, or even just the passive bit of...
...Stripe will allow its employees to cash out about $1bn of stock at a valuation 30 per cent higher than last year, as the payments processing group continues to put off going public amid uncertainty in global...
...Three-quarters of global iPhone owners used Apple Pay in 2022, according to Deepwater Asset Management. The adoption is particularly pronounced among those aged 18-29 according to Mizuho....
...Kalifa is one of the payments industry’s best-known executives....
...It began with easy cost cuts: withholding wages from civil servants, delaying payments to vendors, slashing city services....
...about $120mn in ransom payments and millions more in recovery costs, according to officials....
...It will allow users in Europe to access rival app stores and payment systems on smartphones and tablets, for example, in a process called sideloading....
...Global Blue, the Swiss payments company, has previously estimated the average refund for EU visitors in comparable markets can be up to 63 per cent lower....
...Recent launches from JPMorgan and State Street Global Advisors have all reached the $10bn threshold in about two years, according to Morningstar....
...The two sides hope to reach an agreement in the coming months but people with direct knowledge of the matter warned that there was still a good chance the talks would fall apart....
...Berkshire also exited its investments in payments business StoneCo, insurers Globe Life and Markel Corporation, and homebuilder DR Horton....
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