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The Innovative ‘Green Shoots’ Growing Out Of COVID-19’s Scorched Earth

PYMNTS

The uncertainty injected into the market, as Ning Wang, co-founder and chief business officer at PingPong , told Karen Webster in a recent conversation, is having undeniable effects worldwide – which are not likely to wear off anytime soon. “I One example is a publicly-traded real estate developer called Evergrande Real Estate Group.

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Why China’s IOUs Spell Out Troubles Ahead

PYMNTS

The New York Times reports that amid the slowing Chinese economy, where headwinds are getting windier amid a lengthy and intensifying trade war, businesses are accepting IOUs from one another. First the headline numbers. A lot of IOUs. More than $200 billion in IOUs. This time around may be different.

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Oil prices climb to fresh highs, UK petrol price hits record – business live

TheGuardian

Rolling coverage of the latest economic and financial news Tesco’s app and website are back up and running again this morning. It comes after its services were disrupted over the weekend by hackers , leaving thousands of shoppers unable to buy groceries online. Continue reading.

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