Tourists pass by a homeless man sitting on Hollywood Blvd, Hollywood, California on June 12, 2020. Mark Ralston | AFP | Getty Images Eviction moratoriums nationwide are set to expire later this month, potentially thrusting tens of thousands of people into a housing crisis. Congress in March passed a federal mandate prohibiting evictions or foreclosures […]
Archives for July 2020
LV= axes pension drawdown fee in charge revamp
Retirement and protection provider LV= has axed the drawdown fee for new customers as part of a pension charging overhaul. The new charging structure will apply to all new pensions from this month. The company says the changes have been instigated following a market review and research with financial advisers. The aim is to improve […]
Editor’s Column: Crypto buyers defy common sense
We were treated to some astonishing figures from the FCA this week as it attempts to grapple with the huge growth in people buying cryptoassets. I’m not going to discuss whether people should be prevented from buying cryptoassets, or even whether some firms involved in this area are best avoided, I will just say that […]
2.6m have bought cryptoassets – FCA study
New research by the FCA has revealed that an estimated 2.6m UK consumers have bought cryptoassets. The number is a 1.1m rise since this time last year. Despite the growth, 300,000 wrongly believe they have full regulatory protection in the event of a problem leaving them exposed to “financial harm,” says the regulator. Of the […]
Pine Labs eyes Asia operations of sinking Wirecard
Illustration: Rahul Awasthi Pine Labs has held initial discussions to buy out the Asian business of beleaguered German payments company Wirecard, according to three people aware of the talks. Wirecard is a German payment and risk management service provider that filed for bankruptcy last month after it was revealed that $2 billion from its balance […]
India’s Pine Labs in talks to buy Wirecard’s Asia business
Representative Image Pine Labs has held initial discussions to buy out the Asian business of beleaguered German payments company Wirecard, according to three people aware of the talks. Wirecard is a German payment and risk management service provider that filed for bankruptcy last month after it was revealed that $2 billion from its balance sheet […]
Intel Capital to invest Rs 1,894 crore in Jio Platforms
Intel Capital, the corporate venture capital arm of the semiconductor giant Intel Capital is the latest investor in Jio Platforms. Intel Capital will invest Rs 1,894.50 crore for a 0.39% stake in the Reliance Industries‘s digital business unit at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh […]
Connecting with agribusinesses at Fieldays Online
The farming industry has shown great resilience in dealing with what has been one of the toughest years in a long time. With the additional challenges that COVID-19 has brought, farmers have been under increased pressure to evaluate their immediate financial situation while keeping the farm going during unpredictable circumstances. When COVID-19 entered New Zealand, […]
Draft ecommerce policy seeks to set up regulator, restrict data storage
Amazon, Flipkart, Facebook, YouTube and other companies that store or mirror Indian users’ data overseas will be subject to periodic audit, according to a draft ecommerce policy that will soon be made public. Ecommerce companies will have to make available any data the government seeks within 72 hours or pay a penalty, according to the […]
E-tailers must label ‘country of origin’ at earliest: Govt
The department for promotion of industry and internal trade (DPIIT) has told e-commerce players like Amazon India and Flipkart to start displaying ‘country of origin’ for new listings of products on their platforms, and rectify existing ones “at the earliest possible”. This decision, which comes amid a border conflict with China in Ladakh, intends to […]