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UK urged to take lead in easing debt crisis in developing countries

TheGuardian

Boris Johnson should use upcoming G7 presidency to insist UK banks join debt suspension schemes, campaigners say Boris Johnson should use his presidency of the G7 this year to insist that UK banks take part in the global push to alleviate a new developing country debt crisis, a campaign group has urged.

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G7 Raises Concerns Over Facebook’s Libra

PYMNTS

The G7 wants to create a working group that will investigate how to make sure that there are proper controls against the threat of money laundering with cryptocurrencies as well. The presidency of the G7 rotates, and France is currently in the presidential seat.

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26 EU Central Bankers Set To Grill Libra Execs Today

PYMNTS

Questions will revolve around the crypto’s outlook and architecture, and the findings will be documented for G7 finance ministers in October, an official told FT. The G7 is currently led by France, which put together a committee also chaired by Coeuré in order to scrutinize Libra and other cryptocurrencies.

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Today In Payments Around The World: Razorpay Lands $100M In Series D Round; India Responds To Pandemic With Stimulus

PYMNTS

In today’s top payments news around the world, Indian upstart Razorpay reached unicorn status after notching $100 million in Series D funding, while India has debuted a multibillion-dollar plan to boost consumer spending. G7 Set To Oppose Facebook Libra Over Lack Of Regulations. Razorpay Hits Unicorn Status Following $100M Series D.

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Bitcoin Surges On Libra News, But Nears Overbought Status

PYMNTS

The launch of Libra has also attracted the attention of regulators around the world , and the Group of Seven (G7) has called for an investigation into the supposed risks of cryptocurrencies and how they would affect the current financial system.

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Biden corporate tax plan could earn EU and UK billions, study shows

TheGuardian

EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP alone A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research.

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Portugal Bank Head: EU Banks Must Adapt To ‘New Reality’ Of FinTech 

PYMNTS

Big Tech encroaching into the financial world is a big concern. Facebook has been proposing its own cryptocurrency, Libra , much to the ire of regulators and legislators around the world. Google and Revolut, a digital banking app, have received a banking license in Lithuania, which would place them in the European Union. “In

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