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Banks in Britain face fines over arbitrary fraud compensation – regulator

LONDON (Reuters) – Banks in Britain could face fines if they make selective and arbitrary decisions about compensating customers who have fallen victim to fraud, the Financial Conduct Authority’s head of enforcement said on Wednesday. FILE PHOTO: The Canary Wharf Read more ›

Britain to force broadband providers to tell customers their best deals

LONDON (Reuters) – Broadband providers in Britain will have to tell customers about their best deals under planned new rules from telecoms regulator Ofcom aimed at tackling a ‘loyalty penalty’ that makes it difficult for long-standing customers to get the Read more ›

Walmart acquires online lingerie retailer Bare Necessities

NEW YORK (Reuters) – Walmart Inc (WMT.N) said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion Read more ›

German digital bank N26 launches in Britain, sets sights on U.S.

LONDON (Reuters) – Berlin-based digital bank N26 launched in Britain on Thursday and will open in the United States in the first quarter of next year, its Chief Executive told Reuters. FILE PHOTO: Valentin Stalf, Founder and CEO of the Read more ›

U.S. fintech Stripe valued at $20 billion in latest funding round

(Reuters) – U.S. payments firm Stripe said on Wednesday it has raised $245 million in a new round of funding, valuing the company at $20 billion. Stripe will use the funds to improve its key areas, including rapidly expanding its Read more ›

MPs criticise RBS and Barclays for online banking outages

(Reuters) – Royal Bank of Scotland (RBS.L) apologised for outages that hit its online and mobile banking services on Friday, the latest in a string of such failings at British banks which have drawn criticism from customers and members of Read more ›

AstraZeneca plots China robot offensive to counter price cuts

WUXI, China/LONDON (Reuters) – With smart cancer diagnostics, one-stop-shop diabetes kits and AI systems to improve ambulance pick-ups for patients with chest pain, AstraZeneca (AZN.L) aims to move from simply supplying drugs to become a broad healthcare provider in China. Read more ›

Tesla to bring most collision repairs in-house: Musk

(Reuters) – Tesla Inc is bringing most collision repairs in-house, Chief Executive Officer Elon Musk said in a tweet on Sunday, saying owners of the vehicles were experiencing excessive wait times at body shops. FILE PHOTO: Tesla Motors CEO Elon Read more ›

Rumor has it Chinese 17-year-old wants to be a billionaire

China’s crackdown on online rumor-mongers and fraud has snared a fresh target – a 17-year-old junior high school dropout who pretended to be a billionaire, gave himself fake titles and posted Photoshopped pictures of himself with world leaders. Source link

Trump ups ante on China, threatens duties on nearly all its imports

ABOARD AIR FORCE ONE/WASHINGTON (Reuters) – U.S. President Donald Trump warned on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 Read more ›