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With the growing adoption of electronic payments in emerging markets, global issuance of payment cards is projected to grow 36% to 18.3 billion during 2011-2016.
Credit-card companies are hiking a range of fees that U.S. merchants will pay to process transactions, a move likely to inflame already fractious relations between many businesses and card networks. Inc., the two biggest U.S. card networks, are preparing increases to certain existing fees that will kick in this April, according to people familiar with the matter. Some of the changes relate to so-called interchange fees.
Thousands of British schoolchildren went on strike on Friday, skipping class as part of a global youth action over climate change. The protests took place on the last day before the half-term break — in many cases against the wishes of school leaders and the education minister — and spanned 60 towns and cities from Cornwall to the Scottish Highlands, according to the Facebook page of organisers Youth Strike 4 Climate.
Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday. Activist hedge fund Jana Partners sold out of its position in major Chinese e-commerce company Alibaba Group Holding Ltd and reduced its stake in Apple by approximately 175,000 shares, slicing its position in the company by 63 percent.
On a recent earnings call, management discussed network scale, a new digital platform, and renewed growth in a key business segment.
Waste Management's (WM) fourth-quarter 2018 revenues benefit from strong yield and volume growth in collection and disposal business.
The United States and India plan to boost bilateral trade in energy, aerospace, defense, pharmaceuticals and healthcare as part of a continuing commercial dialog, officials from both governments said on Thursday. "The working groups have been formed among the CEOs.
U.S. and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though U.S. Commerce Secretary Wilbur Ross called off his visit because of bad weather at home. Ross addressed a U.S.-India CEO Forum by video after his flight was canceled and was due to similarly join the commercial dialog later in the day with Indian Commerce Minister Suresh Prabhu, the sources said. U.S. ambassador to India Kenneth Juster is leading the delegation on the ground.
Luke, an undergraduate student at one of China’s elite universities, recalls the day he became a committed Marxist. It was not in the countless hours of compulsory Marxism lectures he endured as part of the undergraduate curriculum, but during his first-year winter break in Beijing. Along with 20 other young workers, he squeezed into a minivan with nine seats and was driven to a small workshop on the outskirts of the city.
Applied Materials' (AMAT) technology leadership position, coupled with strong product line in Display and Services are likely to aid fiscal first-quarter results.