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Today In Payments: Amazon Launches Bengaluru, India Online Pharmacy; DOJ Moving Forward On Big Tech Antitrust Probe
Today In Payments: Amazon Launches Bengaluru, India Online Pharmacy; DOJ Moving Forward On Big Tech...
August 14, 2020  |  News

In today’s top news, Amazon launched an online pharmacy in Bengaluru, India, and the Justice Department continues its antitrust investigation of Big Tech. Plus, Apple...

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Canada’s Competition Bureau Probes Amazon
Canada’s Competition Bureau Probes Amazon
August 14, 2020  |  Amazon

The Competition Bureau of the Canadian government is probing Amazon to determine if its behavior on Amazon.ca is affecting competition “to the detriment of consumers...

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Rent The Runway To Shutter Stores, Focus On Digital Shift
Rent The Runway To Shutter Stores, Focus On Digital Shift
August 14, 2020  |  Retail

Capping what has been a tough 2020 so far for clothing consignment and rentals, Rent the Runway announced Friday (Aug. 14) that it is closing...

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China’s Retail Sales Of Consumer Goods Drop 1.1 Pct YOY
China’s Retail Sales Of Consumer Goods Drop 1.1 Pct YOY
August 14, 2020  |  International

July retail sales of consumer goods dropped 1.1 percent year on year to arrive at 3,220.3 billion yuan, the National Bureau of Statistics of China...

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Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States
Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States
August 14, 2020  |  Cryptocurrency

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its...

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Goldman Sachs, General Motors And The Race To Capture Connected Car Commerce
Goldman Sachs, General Motors And The Race To Capture Connected Car Commerce
August 14, 2020  |  Digital Payments

It looks like a race is shaping up to determine the future management of General Motors’ credit card business. This week, The Wall Street Journal...

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Walmart’s Flipkart Adds Alcohol Delivery In Two Indian States
Walmart’s Flipkart Adds Alcohol Delivery In Two Indian States
August 14, 2020  |  Delivery

Flipkart, Walmart’s eCommerce website in India, has partnered with one of the country’s largest alcohol companies to deliver liquor in two Indian states, Reuters reported....

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China’s P2P Lending Crackdown Leaves $115B In Losses
China’s P2P Lending Crackdown Leaves $115B In Losses
August 14, 2020  |  Loans

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans...

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Luxury Market Heads For Recovery
Luxury Market Heads For Recovery
August 14, 2020  |  Retail

The luxury goods and apparel business looks to be poised for a comeback, driven in part by the consumer shift to Digital 3.0. The evidence...

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