Ericsson has breached the agreement
Sweden's Ericsson has been ordered to pay a fine of more than $206 million for violating an agreement with the US Department of Justice. This was reported in a statement pos...
Paying for electricity
The average electricity bill of US residents could increase by 42% this coming winter compared to the 2019-2020 season, NBC reported on Thursday, citing estimates from experts at the National Asso...
Unbundling Ant Financial
Beijing makes plans to separate financial giant Alipay Ant Group, which is 33 percent owned by Alibaba. Also, Beijing indends to create a separate credit reporting app that would be partly ...
Tax on share buy-backs
Democrats in the US Congress want to impose a 2% tax on share buy-backs by companies to raise $270bn to fund the $3.5 trillion welfare bill.
On Friday, two senior Democrats in the US Senate introduced a proposal to impose a 2...
Threaten to sue
Coinbase stated the SEC's information of intent to request it in connection with the planned launch of a product that would allow stabelcoins owners to make money.
Coinbase (COIN), the world's only cryptocur...
Payment system from Amazon
Shares in major digital payments companies Square (SQ) and PayPal (PYPL) as well as Shopify (SHOP) fell sharply on Wednesday following news that Amazon (AMZN) is preparing to offer online and offline retailers its new paym...
A threat to Apple and Google
Google and Apple face the first legal precedent of limiting the dominance of their payment systems in the Play Market and Apple Store app shops in South Korea. The presence of third-party pa...
Unemployment benefits
Fraudsters have stolen $400 billion in unemployment benefits that the US authorities have assigned to citizens. This amount represents almost half of all payments sent to unemployed Americans. Most...
A paid version of Twitter Blue
Twitter on Thursday said it had launched its paid version of Twitter Blue, which gives the ability to edit or delete a tweet within 30 seconds of it being posted and other features for ease of use.
Twitter&n...
Paying with the palm of your hand
Amazon is introducing its innovative Amazon One palm scan payment system to grocery chain Whole Foods after trying it out in its Go shops. Amazon sees selling the technology to third-party companies as its next step...
Payment in cryptocurrency
Visa has announced that it will allow USD Cion, a cryptocurrency backed by a dollar, to be used for payments on its payment network. Visa has partnered with Crypto.com, a cryptocurrency transaction platform.
The world's la...
Consumer rights infringement
Video game developer Epic Games filed a complaint in the Federal Court of Australia on Wednesday against a branch of technology giant Google, accusing it of violating local consumer protection law. It...
U.S. unemployment
The number of jobless claims in the USA fell sharply last week to a three-month low. Retail sales data, lower COVID-19 cases and vaccination also added to the optimism. However, winter s...
Make Amazon Pay
The global campaign "Make Amazon Pay", an initiative of a coalition of more than 50 organisations, was launched on Black Friday and includes such requirements of the e-commerce giant Amazon (NASDAQ:AMZN) as improved working condition...
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