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Mastercard, Rivals Ran Cartel on Cards for the Vulnerable

Mastercard is among five companies which broke the law for cartel behaviour when offering prepaid cards to vulnerable members of society, Britains Payment Systems Regulator said on Wednesday. Mastercard, allpay, APS, PFS and Sulion agreed not to compete or poach each others customers on cards used by local authorities for welfare payments including to the […]
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HM Slips to Loss, Pledges to Rebuild Trust in China

HM reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in China following a recent backlash there after comments it made last year the on the Xinjiang region. The worlds secondbiggest fashion retailer has come under fire from consumers and officials in China after an HM […]
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Deliveroo Dives 30 as Debut of Decade Turns Torrid

Shares in Deliveroo plunged by as much as 30 in their trading debut on Wednesday, slicing more than 2 billion pounds off the companys valuation in a blow to the food delivery group and the London market for initial public offerings IPO. The highlyanticipated listing, the biggest in the London market in a decade, had […]
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Googles Teacher Approved Apps Mislead on Kids Privacy

Two advocacy groups on Wednesday called on the U.S. Federal Trade Commission FTC to investigate whether apps that Googles Play Store labels as Teacher approved are unlawfully collecting personal data without parental consent to target ads at children. The Campaign for a CommercialFree Childhood CCFC and the Center for Digital Democracy CDD, which have helped […]
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OPEC Panel Lowers Oil Demand Growth Forecast

OPEC has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the markets recovery amid a wave of new coronavirus lockdowns, a report from its experts panel meeting seen by Reuters showed. The Joint Technical Committee, which advises the group of oilproducing nations that includes Saudi Arabia and Russia, […]
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UK Regulator to Consult on Changing Rules for SPACs

LONDON, March 31 Reuters Britains financial regulator said on Wednesday that it is to consult on changes to its listing rules for Special Purpose Acquisition Companies SPACs, following a recommendation from a review commissioned by UK finance minister Rishi Sunak. The Financial Conduct Authority said it will consider introducing a minimum market capitalisation and a […]
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Hitachi to Buy U.S. Software Developer GlobalLogic for 9.6B

Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for 9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services. The acquisition is part of Hitachis ongoing business portfolio overhaul, which includes the 7 billion acquisition of ABB Ltds power grid business last year and […]
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