Bloomberg News reported China is planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid, Source link
Planning to travel? Here’s why you need to insure your next trip
Covid lockdowns last year saw many would-be travelers lose money because they had no travel insurance or the wrong kind. Here’s what they’re buying now and why. Source link
Apple's recent privacy changes likely won't affect Q2 tech earnings
The overall ad sector is booming, so the IDFA changes will probably get lost in the noise but could be more noticeable in Q3. Source link
American Airlines posts quarterly profit, boosted by strong travel demand, federal aid
American Airlines posts quarterly profit, boosted by strong travel demand, federal aid Source link
Visa makes another big bet on fintech, buying UK payments start-up Currencycloud
Visa is buying Currencycloud in a deal valuing the British payments start-up at £700 million. Source link
UK digital bank Starling trims losses as revenue climbs 600%
Starling is “very much on track” to post its first full year of profitability in 2022, CEO Anne Boden said. Source link
Europe's travel industry is on a knife edge as Covid surges, again
As Covid-19 vaccines were rolled out across Europe there were high hopes for a rebound in summer tourism in 2021. Instead, the season is looking highly uncertain. Source link
Smartphone shipments in India fell 13% on-quarter as Chinese firms maintain their stronghold
Smartphone makers shipped about 32.4 million devices in India between April and June, according to research firm Canalys. Source link
Elon Musk says Tesla caused two-thirds of his personal and professional pain
Musk also acknowledged that Tesla is still not manufacturing its custom-designed 4680 cells for commercial use in electric cars or energy storage systems yet. Source link
'Left for dead' stocks tied to the economic rebound will see a revival, top investor Jeff Mills predicts
Bryn Mawr Trust’s Jeff Mills believes rising interest rates will spark a fresh rotation out of growth stocks. Source link