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PingPong To Enter Europe Via $113M Investment

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Because of its reputation as a stable political and economic area, as well as a regulatory environment that’s favorable to outsiders, many foreign companies have chosen Luxembourg as an entry point into Europe. According to a report , the Chinese startup PingPong, a FinTech company, will invest €100 million ($113 million) in Luxembourg.

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Five at Five: Amazon’s Holiday Season

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and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. The Securities and Exchange Commission and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money. Local China Merchants Upbeat About 2019 Cross-Border Sales.

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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

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Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

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Madoff Whistleblower Has GE On The Defense

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Fraud investigators are accusing GE of failing to set aside funds to offset $29 billion in potential insurance losses and also charge that the company did not account for profits from its subsidiary Baker Hughes , the article said. Reported GE operating margins reached 16.1 percent in 2001, the report says.

Fraud 108
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Macy’s Chief Growth Officer Forced Out After 34 Years

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After working with the company for 34 years, Macy’s Chief Growth Officer Peter Sachse is being forced to move along. He is the third-highest-paid executive at the company, with $900,000 as his salary, right behind Macy’s Chairman and CEO Terry Lundgren and President and soon CEO Jeff Gennette. million of that in cash, around $1.3

Phoenix 100
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CFPB Cracks Down On Deceptive Lender Who Targeted 9/11 First Responders

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19) that it took action against Top Notch Funding and two individuals associated with the company. In a press release , the government watchdog contended the company and two individuals lied about loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds. “We

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Ex-Vatican Bank President, Lawyer Charged With Embezzlement

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According to the AP, the Institute for Religious Works reported that Caloia and Luizzo were charged with embezzlement and self-laundering between 2001 and 2008. During that time, the bank disposed of a “considerable” portion of the real estate assets. The two were ordered to pay back the bank, noted the report.

Taxes 101