By Tingshu Wang and Gabriel Crossley BEIJING (Reuters) – Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell, there’s no money to buy summer clothing, and rent and staff salaries still need paying. He doesn’t expect to see any […]
Jack Dorsey’s biggest gamble to date has sent ripples around the fintech and banking world, with investors betting that Square’s US$29 billion ($41.1b) all-stock deal to acquire Afterpay signals the “buy now, pay later” trend has staying power. BNPL relies on an emerging thesis that millennials and Gen Z consumers distrust traditional credit, but still […]
Civil Defence has confirmed there is no tsunami threat to New Zealand after an 8.2 magnitude earthquake struck Alaska this evening. “Based on current information, the initial assessment is that the earthquake is unlikely to have caused a tsunami that will pose a threat to New Zealand,” the National Emergency Management Agency (Civil Defence) said. […]
