2019 Women Leaders Global Forum: Is Digital a Yellow Click Road to a New Business Oz?
Wednesday, 20 November 2019 Panelists include Ann Cairns, Vice Chairman, Mastercard; Joanna Santinon, UK & Ireland Sponsoring Partner for Entrepreneur of the Year, and Chair, EY's Women's Network; Shandana Gulzar Khan, Chairperson of the Commonwealth Women Parliamentarians and Member of the National Assembly of Pakistan (TBC). Moderated by Alessandra Galloni, Global Managing Editor, Reuters, at the 2019 Women Leaders Global Forum in Reykjavik, Iceland.
Peter Kneffel/picture alliance via Getty Images The Philippines is investigating local businesses that partnered the collapsed German payments company Wirecard, the Financial Times reported. Wirecard went into administration and its former CEO Markus Braun was arrested after the firm claimed that more than $2 billion had disappeared from its balance sheet. Its auditor EY said the firm committed elaborate fraud.
Germany's financial regulator and accountants EY face anger over their roles in oversight of Wirecard, the German payments firm that collapsed this week owing billions of dollars. Julian Satterthwaite reports.
US Senator Dick Durbin is requesting the Fed probe card networks and issuers, such as Mastercard and Visa. The senator wants an investigation over potentially anticompetitive fees. Durbin's letter hi-lighted that merchants are paying excessive debit card fees during the pandemic. The companies have planned major fee changes for US-based merchants. The Feds are requesting a competition-based investigating into Visa, Mastercard, and major issuers.
As many as 20 major EU banks are set to announce details for a new payments initiative in the very near future. This announcement came from Electronic Payments International. Business Insider reports the system is referred to as the Pan European Payment System Initiative (PEPSI). It will process card payments in addition to making fund transfers and mobile payments without using Mastercard's or Visa's network.
Compared with April of 2020, US retail and food services sales jumped in May by an estimated 17.7%. The data show improved US retail sales after plummeting across categories in March and April as the coronavirus pandemic set in. But according to Business Insider, the pandemic is still damaging retail's performance. Recent releases from Mastercard and Visa that show their performances in key metrics are beginning to lag.
Pakistan Prime Minister Imran Khan on June 25, in the National Assembly, referred to Osama Bin Laden as a martyr. Imran Khan said, "America came inside Pakistan and killed and martyred Osama Bin Laden. After which all the countries cursed us. Pakistan has faced humiliation for many years in war on terror."
Two beluga whales have been transferred to the world's first open-watersanctuary for the breed in Klettsvik Bay, Iceland. Little White and LittleGrey were previously performing whales in indoor captivity in Shanghai, China,but have been given a new life as part of a historic Sea Life Trustinitiative.
Credit: PA - Press Association STUDIO Duration: 03:12Published
People feeling stressed by lockdown are being invited to let out their frustrations by recording a scream to be played at a speaker in a remote location in Iceland.The invitation comes from Visit Iceland, who have set up a website at which people can record themselves venting their frustration, with the results then played from one of seven speakers set up around the country.
Credit: PA - Press Association STUDIO Duration: 01:01Published
With the coronavirus pandemic forcing cancellation of this year’s Eurovision Song Contest, actors Will Ferrell and Rachel McAdams hope fans can get their fix by watching their madcap Netflix comedy about a duo from Iceland who compete in the event. This report produced by Yahaira Jacquez.