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British regulators to examine Big Tech's digital wallets

UPDATE 1-British regulators to examine Big Tech's digital wallets Adds details, context and regulator quotes in paragraphs 3-9 By Tommy Reggiori Wilkes and Yadarisa Shabong LONDON, July 15 (Reuters) - British regulators said on Monday they were looking into the soaring use of digital wallets offered by Big Tech firms, including whether there are any competition, consumer protection or market integrity concerns.
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British regulators look into Big Tech and digital wallets

British regulators look into Big Tech and digital wallets July 15 (Reuters) - British regulators said on Monday they are seeking views on the benefits and risks of digital wallets, which have become an important "touchpoint" between big tech firms and UK consumers. The Financial Conduct Authority and Payments Systems Regulator will assess the impact the rising popularity of digital wallets, such as Apple Pay, Google Pay and PayPal, have on competition and choice of payment options at checkout, a
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PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses

UPDATE 1-PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses Adds PayPal comment WARSAW, July 15 (Reuters) - Poland's antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday.
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PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses

PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses WARSAW, July 15 (Reuters) - Poland's antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday. UOKiK said that prohibited activities which could incur penalties were described in an unclear way and users may not understand exactly what was not allowed
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REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT / 2:30 p.m. ET

REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT / 2:30 p.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 6:30 p.m. GMT / 2:30 p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES TENNIS-WIMBLEDON/ Tennis-Krejcikova holds off Paolini to win Wimbledon title LONDON, July 13 (Reuters) - Barbora Krejcikova held off Italian crowd favourite Jasmine Paolini to win the Wimbledon singles title on Saturday,
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REUTERS SPORTS SCHEDULE AT 2 p.m GMT/10 a.m. ET

REUTERS SPORTS SCHEDULE AT 2 p.m GMT/10 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 10 a.m. ET/2 p.m. GMT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SOCCER-EURO-ESP-ENG/ Soccer-Germany celebrates end to successful Euros despite no fairy tale for hosts July 13 (Reuters) - German organisers of the Euro 2024 tournament will breathe a sigh of relief after Sunday's final between Spain an
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DWS launches JV for first German-regulated euro stablecoin

DWS launches JV for first German-regulated euro stablecoin By Iain Withers and Elizabeth Howcroft LONDON, July 11 (Reuters) - European fund giant DWS DWSG.DE has created a new company as part of its plans to launch the first German-regulated cryptocurrency next year, the firm's CEO told Reuters, as major financial companies jostle to launch new digital tokens.
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REUTERS SPORTS SCHEDULE AT 06:30 PM GMT/ 02:30 PM ET

REUTERS SPORTS SCHEDULE AT 06:30 PM GMT/ 02:30 PM ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 06:30 PM GMT/ 02:30 PM ET . For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES MOTOR-F1-BRITAIN Motor racing-Tearful Hamilton ends long wait with record ninth British GP win SILVERSTONE, England, July 7 (Reuters) - Lewis Hamilton shed pent-up tears of joy after ending a 945-day wait for a win with a reco
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REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET

REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 10 a.m. ET/2 p.m. GMT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SPORTS MOTOR-MOTOGP-GERMANY Motorcycling-Bagnaia wins German GP after Martin crash, Marquez brothers on podium HOHENSTEIN-ERNSTTHAL- Ducati's reigning world champion Francesco Bagnaia won the German Grand Prix at the Sachsenring on Sun
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Australian court rules PayPal's local unit used unfair contract term for small businesses

UPDATE 2-Australian court rules PayPal's local unit used unfair contract term for small businesses Adds PayPal Australia's comment in paragraph 7 July 5 (Reuters) - Australia's federal court has found that PayPal's PYPL.O local unit used an unfair term in its standard contracts with small business customers who overlooked errors in overcharging, the country's securities regulator said on Friday.
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Australia's ASIC Says Court Declares Paypal Australia Used An Unfair Contract Term

BRIEF-Australia's ASIC Says Court Declares Paypal Australia Used An Unfair Contract Term July 5 (Reuters) - Australian Securities & Investments Commission (ASIC): COURT DECLARES PAYPAL AUSTRALIA USED AN UNFAIR CONTRACT TERM DECLARATIONS AFFECT SMALL BUSINESSES WHO OPENED A PAYPAL BUSINESS ACCOUNT BETWEEN 21 SEPTEMBER 2021 TO 7 NOVEMBER 2023 PAYPAL
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U.S. STOCKS Tesla, Archer Aviation, Novo Nordisk

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Archer Aviation, Novo Nordisk Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 edged up on Tuesday, boosted by gains in Tesla and megacap stocks, while the Dow was flat with investors assessing Federal Reserve Chairman Jerome Powell's comments on the need for more evidence before cutting rates.
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U.S. STOCKS Tesla, Pure Storage, Rivian

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Pure Storage, Rivian Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street indexes traded lower on Tuesday after Federal Reserve Chairman Jerome Powell said more evidence was needed before cutting interest rates, while gains in Tesla shares kept losses in check.
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U.S. STOCKS PayPal, Paramount Global, Novo Nordisk

BUZZ-U.S. STOCKS ON THE MOVE-PayPal, Paramount Global, Novo Nordisk Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street was on track for a lower open on Tuesday as megacap stocks retreated after a strong session, with additional caution creeping in ahead of jobs opening data and comments from Federal Reserve Chairman Jerome Powell later in the day.
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PayPal rises after Susquehanna upgrades to 'positive'

BUZZ-PayPal rises after Susquehanna upgrades to 'positive' ** Shares of payments firm PayPal Holdings PYPL.O rise 1.3% to $58.55 premarket ** Susquehanna upgrades "PYPL" to "positive" rating from "neutral" and maintains $71 PT, a 22.8% upside to stock's last close ** Brokerage believes PYPL will grow adjusted operating income and transaction margin
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Italy picks KPMG to value digital payment platform PagoPA, sources say

Italy picks KPMG to value digital payment platform PagoPA, sources say By Giuseppe Fonte and Valentina Za ROME, July 1 (Reuters) - Italy's Treasury has picked accounting firm KPMG to put a price tag on PagoPA, a company handling digital payments to the public administration, as it prepares to sell the business to the state mint and postal service Poste Italiane PST.MI , people close to the matter said.
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PayPal Ventures-backed fintech Mesh partners with Italy's crypto wallet Conio

PayPal Ventures-backed fintech Mesh partners with Italy's crypto wallet Conio MILAN, July 1 (Reuters) - Mesh, a U.S. fintech whose investors include PayPal Ventures, will provide customers of Italian digital asset wallet Conio access to several leading crypto exchanges, such as Binance or Coinbase, the two companies said on Monday. The partnership will allow Conio's 430,000 Italian customers to access 10 leading crypto currency trading platforms through the Conio App, the companies said.
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PayPal Appoints Carmine Di Sibio As A New Member Of Company's Board, Effective July 1

BRIEF-PayPal Appoints Carmine Di Sibio As A New Member Of Company's Board, Effective July 1 June 28 (Reuters) - PayPal Holdings Inc PYPL.O : PAYPAL: ON JUNE 25, APPOINTED CARMINE DI SIBIO AS A NEW MEMBER OF COMPANY'S BOARD, EFFECTIVE JULY 1, 2024 PAYPAL - DI SIBIO FILLS A VACANCY CREATED BY AN INCREASE IN SIZE OF BOARD FROM 11 TO 12 Source text for
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AI startup Etched raises $120 million to develop specialized chip

AI startup Etched raises $120 million to develop specialized chip By Max A. Cherney SAN FRANCISCO, June 25 (Reuters) - Artificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further develop its specialized chip. The San Francisco-based company aims to make a specialized processor tuned to run a specific kind of AI model that is widely used by OpenAI’s ChatGPT and Google GOOGL.O Gemini.
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U.S. STOCKS Arrowhead Pharmaceuticals, Nvidia, Alimera Sciences

BUZZ-U.S. STOCKS ON THE MOVE-Arrowhead Pharmaceuticals, Nvidia, Alimera Sciences Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The blue-chip Dow hit a one-month high in a broad-based rally on Monday, as investors rotated out of AI-linked stocks, while focus turned to a key inflation print later in the week to sharpen bets around interest rate cuts this year.
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