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Singapore Businesses Struggle To Get Paid Following Wirecard Shutdown

PYMNTS

Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. . It also directed Wirecard to return customers’ funds by Oct.

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India’s Consumers Struggle To Overcome Virus Shutdown

PYMNTS

The shutdowns and fears of the virus caused India’s gross domestic product (GDP) to fall by around 20 percent in the quarter ending in June as opposed to last year. The shutdowns hit Indian women especially hard in the economic department, offsetting years of gains made for women in employment in the country.

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Gov’t Shutdown Costs Creep To $11B

PYMNTS

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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What To Make Of The Gradual Return Of The In-Office Workforce

PYMNTS

But the cable cars are still sitting still, and ridership on public transportation remains down by 90 percent because even given the option to return to their offices by the state, local tech and office workers aren’t exactly enthused to return. percent of workers have left home to return to the office nationally.

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China Factory Shutdown Could Impact iPhone Shipments

PYMNTS

Foxconn told employees and clients in Hubei, the center of the coronavirus outbreak, not to return to factories. The tricky question is whether we will be able to resume production (on Feb. 10) … It’s up to the instructions given by central and provincial governments.”. 1 internal memo reviewed by Reuters.

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Travelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers

PYMNTS

This follows the attack in which hackers asked for $6 million in exchange for the return of private consumer information. As of today, the Travelex website still redirects to an advisory page, informing customers that the site is down as a “precautionary measure.”

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Coronavirus Boosts Mom, Apple Pie And A Return To ‘Leave It To Beaver’ America

PYMNTS

The stock market, the unemployment tick-up, the uncertainty, the growing number of coronavirus cases, the concerns about the healthcare system, the small business shutdowns with uncertain futures – pick your poison in terms of bad news. Baking’s Big Return . They’ll be homemade.

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