Business

EU heavyweights seek strict rules for digital currencies

Finance ministers from five of Europe's biggest economies called Friday for the European Union to produce strict rules for new, private digital currencies such as Facebook-backed Libra and ban those that don't comply.

Business

EU regulators circle on Apple Pay

The EU's powerful anti-trust regulator is taking a closer look at Apple Pay, an official said on Friday, amid worry that the fast-growing and easy-to-use payment system is shutting out rivals.

Business

Ex-Wirecard CEO goes on trial over 'unparalleled' fraud

Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.

Business

Woes deepen at Vodafone's India unit

Woes are deepening for Vodafone's India unit as it seeks more time to pay mobile network fees levied by the government, with creditor banks reportedly pleading with New Delhi to cut the firm some slack.

Business

Ant Group's shock IPO suspension hammers Alibaba shares

China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.

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