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US Airlines: 2020 Losses May Land Above $35 Billion

PYMNTS

According to the news site, American Airlines' market capitalization fell 45 percent, Delta's fell 31 percent and United Airlines' fell 51 percent. Simply re-creating the Delta from 2019 won’t be an option; our customers will give us the blueprint for the Delta of 2021 and beyond.”.

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

In today’s top payments news around the world, Checkout.com has brought its valuation to $15 billion after the closing of a $450 million Series C funding round, while Pakistan has debuted a government-run instant digital payment infrastructure. Plus, Delivery Hero is launching an early-stage venture capital (VC) firm. and the World Bank.

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SMB Cash Flow Gaps, Transit Payments, Disaster Loans Top This Week’s News

PYMNTS

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. Visa Launches Visa Installments Pilots In The US. We have deep dives into the cash flow gaps of small and medium-sized businesses (SMBs), transit payments and a disaster loan program.

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When Predictions Go Right … And Not So Right

PYMNTS

Some of us are better at it than others, but it mostly doesn’t matter because, by the time the next New Year’s has rolled around, our worst predictions have been forgotten by almost everyone. Bill Gates, for example, managed to hit two pretty big predictions in 1999 about the future of the web and digital commerce on it.

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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

PYMNTS

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Facebook Aims to Foster US Voting and Combat Election Misinformation. Facebook Might Ban Users From Posting News Articles in Australia. Regulation.

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Whoops! Amazon’s Big Earnings Miss

PYMNTS

In fact, a brief early trading day pop in Amazon’s share price of about 1 percent was enough to make Jeff Bezos literally the richest man in the world — besting current crown holder Bill Gates. billion, compared with a scant $90 billion for Mr. Gates. Even before Amazon’s earnings came in, Gates had retaken his still-warm crown.

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Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Calvary

PYMNTS

We note that 1 percent on a loan may sound relatively affordable, at least for firms making at least some cash flow that could use a boost to cover a backlog of bills – but would those be the ones applying for the funding in the first place?). Ready…or Not. As Shakespeare once wrote, “the readiness is all.”.

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