Ant Group Profit Falls 83% After China Tech Crackdown
Ant Group Profit Falls 83% After China Tech Crackdown
February 23, 2023  |  Earnings

China’s Ant Group’s quarterly profits plummeted following a long-term crackdown on the country’s tech sector.  The FinTech contributed $145 million to its affiliate Alibaba’s earnings,...

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Tech Giants Object to Covering Cost of EU Telecom Upgrades
Tech Giants Object to Covering Cost of EU Telecom Upgrades
February 23, 2023  |  Big Tech

The European Commission is trying to determine who should pay to upgrade Europe’s telecom system. As Reuters reported Thursday, Europe’s telecoms have long argued that...

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Instacart Adds In-Store and Online Features to Platform for Grocers
Instacart Adds In-Store and Online Features to Platform for Grocers
February 23, 2023  |  Connected Economy

Instacart has launched new digital tools to help grocers provide connected experiences in-store and online. The four new technologies on the Instacart Platform were piloted...

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Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
February 23, 2023  |  Retail

This week in grocery, Amazon backs an online grocery startup, Giant leverages video and self-checkout evolves. In Amazon’s ongoing efforts to grow its share of perishables, the...

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As Fiat Beats Bitcoin, BIS Head Eyes CBDCs and Tokenized Deposits 
As Fiat Beats Bitcoin, BIS Head Eyes CBDCs and Tokenized Deposits 
February 23, 2023  |  Cryptocurrency

The dust has settled. The battlefield is still. And, as has been widely reported this week, Agustín Carstens, general manager of the Bank for International...

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Jiko and Kyriba Team to Help Companies Invest in T-Bills
Jiko and Kyriba Team to Help Companies Invest in T-Bills
February 23, 2023  |  Partnerships

Financial solutions firms Kyriba and Jiko say they want to help companies manage their T-bill investments. Under a partnership announced Thursday (Feb. 23), Kyriba’s customers will...

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Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
February 23, 2023  |  Regulation

Transactive Systems’ growth has reportedly slowed after the Bank of Lithuania imposed limits on it. The Bank of Lithuania said Jan. 20 that the electronic...

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Crypto Crackdown Continues as SEC Protests Binance/Voyager Deal
Crypto Crackdown Continues as SEC Protests Binance/Voyager Deal
February 23, 2023  |  Cryptocurrency

State and federal regulators want to prevent Binance.US from buying bankrupt crypto rival Voyager. Court filings Wednesday (Feb. 22) show both the Securities and Exchange Commission (SEC) and the...

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Property Management Firms’ Reliance on Checks Means More Late Rent Payments
Property Management Firms’ Reliance on Checks Means More Late Rent Payments
February 23, 2023  |  Consumer Payments

“If it ain’t broke, don’t fix it” may not be best business strategy, especially when it comes to something as vital for future growth as...

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