Latest in Payment Europe
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Apple’s Quarterly Profit Down Because of Tax Payment in Europe
Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have topped expectations.Tech - The New York Times - October 31 -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - October 28 -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
Housing benefit payments to be frozen next year
Labour has confirmed rates will stay the same next year, after several freezes over the past decade.Top stories - BBC News - October 31 -
Woman 'sickened' by demands to return flood payment
Flood compensation was offered to businesses affected by heavy flooding in 2023.Top stories - BBC News - November 2 -
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£100 payment to help pensioners with winter fuel cuts
Pensioners affected by cuts to winter fuel support are to get a one-off £100 payment from Stormont.Top stories - BBC News - 4 days ago -
Scottish Labour vows to reinstate winter fuel payments
Move by leader Anas Sarwar puts pressure on Keir Starmer to change policy for rest of UKBusiness - Financial Times - 4 days ago -
Consumer watchdog to oversee digital wallets, payment apps
Large companies that offer digital wallets and payment apps will now be overseen by the Consumer Financial Protection Bureau (CFPB). The CFPB finalized a rule Thursday to bring companies handling ...Politics - The Hill - 2 days ago -
Europe’s fiscal tug of war
Pressure to display fiscal discipline is no less high than pressure to spend more on security and economic innovationWorld - Financial Times - October 26 -
The Trump challenge for Europe
An isolationist US will force the continent to rethink its defence and economyWorld - Financial Times - November 13 -
Trump may be right about Ukraine’s endgame
If they play their cards well, leaders across Europe can exert leverage on America over how to end the warBusiness - Financial Times - 2 days ago -
Dan Price, Former CEO of Gravity Payments, Charged With Rape
The former chief of Gravity Payments rose to prominence with the introduction of his company’s $70,000 minimum salary and a splashy social media presence.Tech - The New York Times - October 25 -
Ex-Gravity Payments CEO Dan Price Faces Rape Charge in California
Price cultivated a big social media following by skewering corporations. Now he’s the target, over sexual misconduct allegations.Business - Inc. - October 28 -
Visa says spending trends are stable, and this time Wall Street agrees
Visa’s CFO expects the “stable and resilient consumer” to keep up such spending trends into the company’s new fiscal year.Business - MarketWatch - October 29 -
Jack Dorsey's payments company Block expands corporate card service to the UK
Block, the payments company owned by tech billionaire Jack Dorsey, has launched its corporate card service in the U.K.Business - CNBC - October 31 -
Unite union may bring legal action over winter fuel payments
Unite has called on the government to reverse the cut for millions of pensioners.Top stories - BBC News - November 3 -
Adyen shares slide as payments giant's transaction volume growth slows
Adyen shares sank Thursday after the company reported a slowdown in the growth of its transaction volumes in the third quarter.Business - CNBC - November 7 -
When can a credit card company sue you for non-payment?
If your credit card debt goes unpaid for long enough, you could face legal consequences. Here's when it may happen.Top stories - CBS News - November 8 -
Philippine defense secretary doesn't expect Trump will demand payment for protection
Philippine Defense Secretary Gilberto Teodoro says he doesn't expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because ...World - ABC News - November 12 -
Here’s Why Visa Is Reaching Out to Creators With New Payment Options
Chief marketing officer Frank Cooper calls them a whole new category of customer that should be treated like small businesses.Business - Inc. - November 12 -
Everyday Americans Keep Racking up Debt and Missing Payments
Economic pain is weighing on consumers as delinquency rates and household debt rise.Business - Inc. - November 14 -
Lilly Sues U.S. to Change Hospital Drug Discount Payments
The lawsuit is the second by a large drugmaker in recent days challenging how it provides required discounts to certain hospitals.Business - The Wall Street Journal - November 15 -
Student loan servicers are pulling incorrect payments from borrowers' bank accounts, consumer protection bureau says
Lenders often encourage federal student loan borrowers to sign up for automatic payments. But a new report shows the decision can backfire.Business - CNBC - 4 days ago -
Student loan servicers are pulling incorrect payments from borrowers' bank accounts
Lenders often encourage federal student loan borrowers to enroll in automatic payments.Top stories - NBC News - 4 days ago -
How will a late credit card payment impact my credit score?
Just one delinquent credit card payment could have a big impact on the health of your credit. Here's how.Top stories - CBS News - 3 days ago -
Federal Inquiry Traced Matt Gaetz’s Venmo Payments to Women
A document prepared by federal investigators bolsters claims by women who say they were hired for sex by Matt Gaetz, President-elect Donald J. Trump’s choice for attorney general, who denies ...Top stories - The New York Times - 2 days ago -
Winter fuel payments cut makes sense, Starmer says
The PM was repeatedly pressed on why he was targeting pensioners, in a round of BBC local radio interviews.Top stories - BBC News - Yesterday -
Halloween festival ends in carnival atmosphere
The four-day programme of events came to a close with a parade and riverfront fireworks display.Top stories - BBC News - October 31 -
Europe is trapped between technocracy and democracy
As the EU fills its top jobs, the risk is that von der Leyen will end up as a leader without followers in national capitalsWorld - Financial Times - November 4 -
Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - 3 days ago -
How to put Europe’s savings to work
The EU must redeploy capital it squirrels away abroadWorld - Financial Times - 2 days ago -
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Why Europe’s car crisis is mostly made in China
The once-lucrative market is now highly competitive and more Chinese EVs are being exported, compounding slower sales at homeWorld - Financial Times - October 29 -
Moncler Revenue Falls on Lower Demand in Asia, Europe
The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.Business - The Wall Street Journal - October 29 -
Germany Avoids Recession, but Weak Growth Weighs on Europe
The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.Top stories - The New York Times - October 30