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The Latest Breaking News from Mastercard

Although there are some signs of stabilization, the stress in the U.S. banking sector remains high, posing a significant threat to economic growth. With investors still concerned about the viability of the banking system, it could be wise to look beyond borders and invest in quality foreign bank stocks Banco…

StockNews.com

Payments firm Volt secures $60 million funding round

The CEO of payments firm Volt has called time on the industry dominance of Visa and Mastercard as it raised $60 million (£47 million) in a fresh funding round.

Evening Standard

India and U.S. share democratic values on democracy, diversity: PM Modi ahead of state visit

Prime Minister Narendra Modi, on June 20, 2023 emplaned for the United States for his first historic State visit.

The Hindu

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Why are so few logos hitting the 'gold standard' in 2023?

New report finds many logos fail to hit the mark.

Creative Bloq

Why sound is more important than ever in branding

We talk to Amp CEO Michele Arnese about the world of sonic branding.

Creative Bloq

Why Gen Z could be the answer to your workforce woes

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

3 "Strong Buy" Mega-Cap Stocks to Add to Your Portfolio

Wall Street analysts remain bullish on these three mega-cap stocks.

Barchart

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Bank customers experience problems with online Mastercard payments

The credit card giant says it is aware of reports and is looking into them

Wales Online

FA Cup final: How to spot and avoid ticket scams

Evening Standard

I can’t get a refund as my John Lewis card is now defunct

The issuer, HSBC, says there’s nothing it can do … and so does John Lewis Finance

The Guardian - UK

Asian trade subdued as economic outlook weakens

RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.

Bangkok Post

Philip Belamant net worth | Evening Standard Tech Rich List

A serial fintech entrepreneur, the Rand Afrikaans University IT graduate set up and sold on two other payment companies before founding Zilch in 2018. It raced to a $2 billion valuation in just two years, offering a transparent approach to buy-now-pay later services. Belamant’s experience in providing payment platforms in…

Evening Standard

Virtual card option for Google Wallet

TrueMoney, a leading e-payment and financial service provider, has joined forces with Mastercard and Google to enable users to add TrueMoney Mastercard virtual prepaid card, previously known as WeCard, to Google Wallet.

Bangkok Post

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

The Independent UK

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Axios

Reverse ATMs take bills, dispense cards as stores go cashless

Sports stadiums and amusement parks are all shunning cash — but often required to take it

Insider UK

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

The Independent UK

List of companies and organisations which have left the CBI

The trade body claims to represent around 190,000 businesses across the UK.

The Independent UK

New India-born World Bank chief: Real change or rebranding?

The incoming president of the World Bank was born in India and had his early success in business there

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news in one place.

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Fortune

Inside the struggles of Summit Powder Mountain and its ill-fated tech utopia

It was designed to be a haven for techies and billionaires. Instead, ten years on, it’s a “9,000-foot monument to the hubris of Silicon Valley’s big ideas.”

Asharq Al-Awsat

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

The Independent UK

Biden pick Ajay Banga cleared to take top job at World Bank

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job

The Conversation

Can this former CEO fix the World Bank and solve the world's climate finance and debt crises as the institution's next president?

Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state.

The Independent UK

Apple rolls out buy now, pay later service, with guardrails

Apple is getting into the buy now, pay later space with a few tweaks to the existing model, including no option to pay with a credit card

The Guardian - UK

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

Daily Mirror

Asda shopper furious after £99 blocked from her account when she bought petrol

The idea of the pre-authorisation check at petrol pumps is that it blocks out money from your account - £99 at Asda, but at other supermarkets it is £120 - so the store knows you can afford to pay for your fuel

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