Tag: European

PayPal and Mastercard Expand Debit Card Offering to More European Businesses

Classified in: Science and technology, Business, Covid-19 virus
Subject: SBS

SAN JOSE, Calif. and BRUSSELS, Sept. 23, 2020 /PRNewswire/ — Today, PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard. The debit card makes it easier for small businesses to have instant access to their PayPal funds and gives them unlimited 0.5% cash back1 on all their eligible spending.

The PayPal Business Debit Mastercard is now available in five new European countries – Austria, France, Ireland, Italy and Spain – in addition to its existing availability in Germany, the United Kingdom and United States.

Mastercard is the one of the most widely accepted cards in the world, meaning PayPal’s business customers can now spend money held in their PayPal account at over 52 million Mastercard acceptance locations worldwide2.

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Barings and Mubadala Form Strategic Partnership Focused on Financing Solutions for European Middle-Market Businesses

CHARLOTTE, N.C. and ABU DHABI, UAE, Sept. 22, 2020 /PRNewswire/ — Barings, one of the world’s leading financial services firms, today announced that it has formed the Barings Mubadala Enterprise (BME) – an evergreen origination platform seeking to provide financing solutions to European middle-market businesses.

BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing corporate demand for flexible capital solutions in Europe. The partnership is anchored by Mubadala Investment Company (Mubadala), and will invest alongside MassMutual and Barings’ capital. This initiative continues to build on Barings’ base of long-term, strategic partnerships and its position as a leading institutional capital provider across the European middle market landscape.

Barings’ Chairman and CEO Tom Finke said: “This partnership will leverage our significant capabilities in origination and alternative credit to help strategic capital partners such as Mubadala invest with scale. We

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Why Jim Cramer Is Watching Mastercard Amid Rising European Coronavirus Cases

The number of confirmed global cases of the coronavirus has risen to 30,183,223, according to Johns Hopkins University, and deaths increased to 946,158.

In the U.S., there have been 6,675,560 cases of the coronavirus and 197,643 deaths – both tops in the world.

In London, a surge of Covid-19, the disease caused by the coronavirus, is expected to be confirmed by official figures Friday, putting England’s capital on track for curbs on socializing in about two weeks, The Evening Standard reported.

France’s daily coronavirus cases rose by more than 10,000 to the highest since the end of the lockdown in May, Bloomberg reported. Health Minister Olivier Veran warned the disease was ““again very active” in the country.

The uptick in French infections mirrors steady increases across Europe, Bloomberg noted.

Switzerland’s Roche said its Actemra drug reduced the likelihood patients with Covid-19-related pneumonia would need to be put on ventilators. Hospital

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Scientific Games Strengthens European Instant Game Business With Four-Year Dutch National Lottery Contract

Company’s Performance-driven Management Program Drove 28%+ Growth for Nederlandse Loterij’s Scratch Card Sales

LAS VEGAS and ATLANTA, Sept. 16, 2020 /PRNewswire/ — Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) was awarded a new, four-year contract by Nederlandse Loterij, the Dutch National Lottery ( or “the Lottery”), to provide instant game “scratch cards” through the Scientific Games Enhanced Partnership (SGEP), a performance-driven management program used by more than 20 lotteries globally. The agreement may be extended by Nederlandse Loterij for up to four additional years. The program generated more than 28% growth in the Lottery’s scratch card retail sales during the previous contract period (2015-2019).

Scientific Games Strengthens European Instant Game Business with Four-Year Dutch National Lottery Contract

Since SGEP services began in 2011, Nederlandse Loterij’s instant game retail sales increased 98%. Using data analytics and insights to responsibly maximize the Lottery’s performance, SGEP manages every

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German Startup Sennder Acquires Uber’s European Freight Business | Investing News

BERLIN (Reuters) – German freight startup sennder said on Wednesday it had acquired Uber’s

European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, as it seeks to extend its lead in Europe.

“This acquisition strengthens our position as Europe’s number one digital logistics provider,” said David Nothacker, CEO and co-founder of sennder.

For Uber, which only entered the German freight market in July 2019, the deal will extend its reach in Europe while the alliance with sennder would extend to offering advanced freight logistics services in the United States and Canada.

sennder is one of a number of logistics-focused startups in the bustling Berlin tech scene that has sought to modernise an industry dominated by family-owned trucking

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Top European firms back Green Deal, pledge business overhaul

FILE PHOTO: Power-generating windmill turbines are seen at a wind park in Flesquieres near Cambrai, France March 3, 2020. REUTERS/Pascal Rossignol/File Photo

LONDON (Reuters) – Executives from 30 of Europe’s leading companies backed the EU’s Green Deal on Wednesday and pledged to overhaul their businesses to help the bloc achieve climate-neutrality by 2050.

The commitment, from companies including Deutsche Bank, Axa, Snam and Royal DSM, came ahead of European Commission President Ursula von der Leyen’s State of the Union address in Brussels.

The European Green Deal forms a key plank of von der Leyen’s plan for the EU to both recover from the economic ravages of the COVID-19 pandemic and meet the goals of the Paris climate agreement, which aims to limit global warming.

The company leaders are all part of a CEO Action Group for the European Green Deal, launched last year in cooperation with the World Economic Forum

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European stocks as investors look ahead to central bank meetings

European stocks traded higher Tuesday morning as investors shifted their focus to upcoming central bank meetings by the U.S. Federal Reserve, Bank of Japan and Bank of England. 

The pan-European Stoxx 600 added 0.5% by mid-morning following a muted open, with retail stocks adding 1.6% to lead gains while financial services edged 0.2% lower.

Investors in Europe are looking ahead to the results of the latest U.S. Federal Reserve meeting taking place Tuesday-Wednesday, although the central bank is not expected to make any changes to its monetary policy stance and reacting to the latest data from China.

Meanwhile, stocks in Asia-Pacific were mostly higher after data showed retail sales in China rose 0.5% in August from a year ago — the first positive report for the year so far — according to the country’s National Bureau of Statistics. Still, retail sales for the first eight months of the year were

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European Central Banks Demand Crypto Regulations

Europe’s biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported.

In a joint statement Friday (Sept. 11), the finance ministers of Germany, France, Italy, Spain and the Netherlands said they asked the executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the EU’s 27 nations, to prohibit stablecoins until oversight challenges had been addressed, Reuters reported.

Stablecoin dispensers should be registered in the EU, the ministers said, according to Reuters.

“We all agree that it’s our task to keep financial market[s] stable and to ensure that what is a task for states remains a task for states,” German Finance Minister Olaf Scholz told reporters, Reuters reported.

In addition, Scholz said regulators must ban any private

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Central European leaders discuss Belarus, fighting COVID-19

The prime ministers of four central European countries were meeting Friday to discuss the political crisis over a disputed presidential election in Belarus, relations with Russia and fighting COVID-19 as they gear up for a European Union summit later this month.

Polish Prime Minister Mateusz Morawiecki was to brief his counterparts from the Czech Republic, Slovakia and Hungary on his talks in Warsaw this week with Belarusian opposition leaders. They plan to discuss the best forms of support for Belarusian civic society.

Belarus has seen a month of street protests against the results of the country’s Aug. 9 presidential election, which is widely believed to have been rigged. President Alexander Lukashenko won a sixth term with 80% of the vote, and protesters are demanding he step down after 26 years of ruling Belarus with an iron fist.

Other subjects on Friday’s agenda for the prime ministers of Europe’s Visegrad Group

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European Central Bank’s stimulus program to keep on rolling

The European Central Bank has left its key stimulus policies unchanged with almost a trillion euros still in the pipeline to bolster the eurozone economy’s rebound from the severe coronavirus shutdowns

FRANKFURT, Germany — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program for the economy will run into next year, joining the Federal Reserve in making it clear that stimulus will remain set on high as the pandemic weighs on global business.

ECB President Christine Lagarde said after Thursday’s policy meeting that “ample monetary stimulus remains necessary” and repeated intentions to keep the central bank’s pandemic emergency bond-buying program running through mid-2021 – and in any case until the coronavirus crisis phase is over.

She

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