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UK facing 1970s-style balance of payments crisis under Liz Truss

TheGuardian

Tax cuts and spending pledges could spook global markets and trigger a collapse in sterling, Deutsche Bank warns Britain could face a 1970s-style balance of payments crisis in which the pound crashes if Liz Truss’s government loses the confidence of international investors, one of Europe’s biggest banks has warned. Continue reading.

Taxes 98
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Certify Shrinks T&E Market With Abacus Buy

PYMNTS

The addition of Abacus to its product portfolio allows Certify — which supports more than 10,000 enterprise, mid-market and small business (SMB) customers in North America — to serve a more diverse range of customers. Financial terms of the deal are not being disclosed.

Marketing 100
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Far Point Merges With Global Blue In $2.6B Deal

PYMNTS

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130
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President's Day: The Great Refrainer

Jeff For Banks

Some criticize that this laissez faire attitude led to the stock market crash of 1929 and the subsequent Great Depression. The dramatic stock market crash was probably fueled by wild speculation because of the economic expansion that happened under Coolidge's watch. You can't increase prosperity by taxing success."

Taxes 85
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Freelancer Banking App Lili Nets $15M For Expansion

PYMNTS

The company offers users real-time, expense tracking tools for taxes and financial insights. We are looking forward to expanding our product suite and market leadership while providing freelancers with an unparalleled banking experience.”.

Capital 170
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Merchants Using WeChat Pay Grew 80 Pct YOY In Q4

PYMNTS

“We extended our market leadership as the leading mobile payment platform by active users and number of transactions in China.” Weixin Pay is now available in 49 markets outside Mainland China, supporting cross-border payment transactions in 16 currencies,” the report added. billion, beating expectations.

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The Fiserv-First Data Merger Is Complete

PYMNTS

We’re even more convinced that this transformative combination will extend leadership and value for clients, create important opportunities for associates and deliver above-market returns for shareholders for many years to come,” he noted.

Data 185