UK pharmaceutical giant GSK says it will pay as much as $2.2bn (£1.68bn) to settle thousands of cases in US courts over claims that a discontinued version of its heartburn drug Zantac caused cancer. The firm announced...
Global currency exchange concept, Hand holding world with virtual line effect and dollar yuan yen euro and pound sterling sign. Open banking technology provider, Ozone API, has provided an updated UK open banking model bank for Open Banking Limited (OBL), the implementation entity tasked...
Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting minutes and ahead of September inflation data and the earnings season. Shares in...
British universal bank, HSBC has partnered with B2B global trade network, Tradeshift to launch a new embedded finance solution that will help its business clients called SemFi by HSBC. SemFi by HSBC has been created to help SME suppliers on e-commerce venues to access digital invoice financing from HSBC. Furthermore, it aims to offer SMEs...
Global wallet provider Curve has launched a new foreign spending scheme, increasing fee-free spending limits and cashback on international spend, in a move to eliminate foreign transaction fees. As part of its ongoing mission to reshape the mobile wallet experience, Curve has increased fee-free spending limits up to £100,000, saving travellers up...
Boeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense at this point.” The machinists walked off the job on Sept. 13 after overwhelmingly rejecting a tentative labor deal, halting production of most of Boeing’s aircraft, which are...
The Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy. The remedies necessary to “prevent and restrain monopoly maintenance could include contract requirements and prohibitions; non-discrimination product requirements; data and...
It’s increasingly common for consumers to pay at the point of sale using Apple Pay or Google Pay. This transaction is made possible by two emerging payments technologies: contactless payments and digital wallets. If a customer has integrated a buy now,...
The 10-year Treasury yield, a benchmark for mortgages and car loans, jumped back above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaign last month. The 10-year yield...
A US federal judge has ruled that Google must allow Android apps made by rival technology firms onto its Google Play app store for three years starting next month. The change was among several remedies ordered by...
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