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...Blackstone acquired US data centre group QTS for $10bn in 2021, which would manage the project. Rival Brookfield has also invested heavily in these high-tech facilities....
...Financial groups often say that bolstering diversity requires a bottom-up approach that shows results over time....
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...“The automotive market . . . is going through one of the most significant transformations since the invention of the combustion engine,” said Dipti Vachani, who leads Arm’s automotive business....
...While most of Shopify’s merchants are still small, clients now include big brands such as toymaker Mattel and food group Nestlé....
...French lender Crédit Agricole has taken a 7 per cent stake in payments group Worldline as part of a “strategic partnership” aimed at building a joint venture in merchant payments this year....
...His new venture will be a “merchant banking model for insurance”, Bhalla said....
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...Foreign travellers often struggle to pay in China because merchants only accept Chinese digital payment apps....
...First, it was Germany’s Volkswagen announcing a series of groundbreaking tie-ups with Chinese tech groups....
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...its process and any financial consequences for the group have been assessed”....
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...But Magnati believes the data it collects on merchants will make banks more willing to lend to them....
...The company said profits had been driven by transaction fees and marketing fees paid by merchants using its platforms....
...US group Lithia, which already has 50 UK sites, will buy the showrooms, Pendragon said on Monday....
...Rhodes joined Discover after its previous chief executive left in the wake of an accounting scandal in which the company had for years overcharged some merchants....
...Rhodes joined Discover after its previous CEO left in the wake of an accounting scandal in which the company had for years overcharged some merchants....
...Analysts estimate the country’s automotive industry is already suffering from output that far outstrips demand....
...Analysts at research group Bernstein estimate that the group’s share of China’s ecommerce pie has shrunk from 68 per cent in 2019 to 42 per cent in 2023....
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...Thirteen years ago, Square disrupted payments processing with a simple dongle that merchants could attach to smartphones and tablets to accept card payments....
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...However, some western automotive executives now privately believe that if Trump were to be re-elected in November, he would overhaul, or even scrap, the agreement....
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