‘Seismic shift’ in bank payments to help business and consumers, says EU
U.S. duo Visa and Mastercard dominate cross-border card payments, and Brussels hopes instant payments will boost competition.
Gender equity at work is stalling after ‘mass exodus’ of women during pandemic, new research finds
After the pandemic caused a “mass exodus” of women from the workforce, progress around gender equity has slowed down, a new KPMG report says.
Meta shares plummet on weak fourth-quarter forecast and earnings miss
Facebook parent Meta reported earnings after the bell. Here are the results.
Meta and Microsoft can’t self-regulate their metaverses, UK regulator warns
Ofcom Chief Executive Melanie Dawes said self-regulation of the metaverse wouldn’t fly under U.K. online safety laws.
Emissions reductions pledges ‘nowhere near’ what’s needed, UN says
The analysis comes ahead of next month’s COP27 climate change summit in Sharm el-Sheikh, Egypt, where the shadow of 2015’s Paris Agreement will loom large.
New UK PM Sunak delays highly anticipated spending plan to mid-November
The U.K.’s fiscal statement will be delayed to Nov. 17 after it was initially brought forward to Oct. 31.
Foxconn’s iPhone factory in China — the world’s largest — hit by Covid outbreak
Foxconn said that a small Covid outbreak at its iPhone assembly plant in Zhengzhou, China, is “controllable” and production remains “relatively stable.”
Goldman Sachs, JPMorgan CEOs tip U.S. economy for recession as labor tightness keeps Fed aggressive
Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expect a U.S. recession.
Heineken cautious as Europe’s beer drinking starts to slow
Heineken said it has seen signs of slowdown in demand for its beer in some European markets after its third-quarter sales rose by less than expected.
iPhones will get USB-C charging after Apple says it will have to comply with EU law
Apple’s iPhone uses its proprietary Lightning charger. Under upcoming EU law, the iPhone would need to support USB-C.
