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This Week In Credit Card News: Card Payments A Problem For Sports Gambling; Card Delinquencies Rise

<i>Sports Gambling’s Next Hurdle Is Credit Cards After Court Ruling</i><p>For U.S. states ready to legalize gambling, banks hold many of the cards. The Supreme Court ruled that states can allow betting on individual sporting events, but gamblers who want to place those wagers using a credit card face a major …

Credit Cards

Amazon is taking its package-delivery tracking to the next level

We have all, on the day we’re expecting a package, gone to Amazon’s “track package” page and refreshed, only to be rewarded, every time, with “Delivery expected by 8pm.”<p>But this week Amazon is rolling out a new feature that allows customers to track packages on a map when the package is within 10 …

eCommerce

Saudi Arabia to exclude German firms from government tenders: Spiegel

FRANKFURT/RIYADH (Reuters) - Saudi Crown Prince Mohammed bin Salman has ordered that no more government contracts be awarded to German companies, in a sign of continued irritation over Berlin's foreign policy in the Middle East, German magazine Der Spiegel reported on Friday.<p>Citing no sources, it …

Saudi Arabia

Korea summit after all? Trump says 'everybody plays games'

WASHINGTON (AP) — "Everybody plays games," President Donald Trump declared Friday as he suggested the potentially historic North Korean summit he had suddenly called off might be getting back on track.<p>His sights set on a meeting that has raised hopes for a halt in North Korea's nuclear weapons …

North Korea

U.S. Launches Criminal Probe into Bitcoin Price Manipulation

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, …

Cryptocurrency

Lenovo's Profit Plunges 69 Percent as PC Market Remains Lifeless

Lenovo Group Ltd. posted a 69 percent decline in profit as the personal computer market continues to stagnate and its smartphone business shows …

Stock Markets

Modi Has an Oil Problem – and Saudi Arabia Is Set to Make It Worse

India’s Prime Minister Narendra Modi has an oil problem. And it’s set to worsen with Saudi Arabia rooting for the commodity to push through the $80 …

Oil

CBS plans to challenge Redstone over bylaws change

Fireworks between CBS and its controlling shareholder, National Amusements, erupted anew on Tuesday in a filing that challenged an amendment to the …

Financial Regulation

Discussing the 'key risk' faced by Argentina

Going to the International Monetary Fund is "definitely the right step" for Argentina's government, but the move could carry a political and social …

International Monetary Fund

Congress Approves First Big Dodd-Frank Rollback

WASHINGTON — A decade after the global financial crisis tipped the United States into a recession, Congress agreed on Tuesday to free thousands of small and medium-sized banks from strict rules that had been enacted as part of the 2010 Dodd-Frank law to prevent another meltdown.<p>In a rare …

Obama Administration

Marc Benioff's unusually patriotic fashion statement at a big Salesforce event is raising eyebrows

SAN FRANCISCO — Salesforce CEO Marc Benioff has made the media rounds in recent weeks proposing a national privacy law to regulate how tech companies handle data. He's even said that Facebook should be regulated like the tobacco industry.<p>But on Tuesday, speaking to the who's who of San Francisco …

Silicon Valley

China slashes auto import tariffs in boost to BMW, Tesla

SHANGHAI/BEIJING (Reuters) - China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world's largest auto market amid an easing of trade tensions with the United States.<p>Import tariffs will be cut to 15 percent from 25 percent for most vehicles from July …

Automotive Industry

Trump suggests North Korea summit could be delayed while he huddles with South Korea

WASHINGTON — President Trump cast new uncertainty on his planned summit with North Korean leader Kim Jong Un Tuesday, saying the June 12 date could slide back on the calendar — or it may not happen at all.<p>"There's a chance — there's a very substantial chance — it won't work out," Trump said, …

South Korea

London-Shanghai Stock Link Takes a Step Closer to Reality

The long-awaited link between stock exchanges in London and Shanghai is close to becoming a reality, according to a London Stock Exchange Group Plc …

Hong Kong

Crude Oil's Surge Is Putting the ‘Petro’ Back in Petrocurrencies

The currencies of some of the world’s top oil producers are set to become intertwined with crude prices once again as the commodity surges to the …

Bank of Canada

Here’s One Reason to Worry About Emerging Markets

Companies are more leveraged than they were before the last big meltdown.<p>Investors are getting worried about emerging markets again, and they have at least one good reason: Companies there are more indebted than they were ahead of the last big meltdown a couple decades ago.<p>A lot has changed since …

Stock Markets

Stock Market Futures Jump As China Trade War Is Put 'On Hold'

Stock market futures jumped Monday morning vs. fair value. Dow Jones futures, S&P 500 futures and Nasdaq futures all rose sharply after the Trump …

Stock Markets

U.S.-China Truce, Malaysia's High Five, Fed EM Fallout: Eco Day

• The newly-declared economic truce between the U.S. and China will prove temporary if they fail to deliver on vague commitments to rebalance trade<br>• A …

Economics

Trump Demands DOJ Look Into ‘Political’ Infiltration of Campaign

President Donald Trump has ordered the Justice Department to probe possible infiltration of his campaign by the Obama administration, after …

Donald Trump

Contract offer to counteract global threat to nuclear sites

The Government is so concerned about the global threat to nuclear power stations that it is seeking a company to provide security training to foreign operators.<p>The Department for Business, Energy and Industrial Strategy (BEIS) has published a £6m tender for a private company to deliver what it …

National Security

Exclusive: GE nears deal to merge transportation unit with Wabtec - sources

(Reuters) - General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday.<p>A deal valuing the combined business at more …

General Electric

Eels break records in Maine, where they sell for big money

PORTLAND, Maine (AP) — America's only significant state fishery for baby eels has blown past records for value as high demand from overseas aquaculture companies is driving prices to new heights.<p>Fishermen in Maine search for the eels, called elvers, in rivers and streams every spring so they can be …

Eels

U.K. Shadow Chancellor McDonnell Vows to Overthrow Capitalism

The U.K. Labour Party chief economic spokesman, John McDonnell, said his job is to overthrow capitalism, transforming Britain into a socialist …

United Kingdom

Alaska Airlines to close New York pilot base to focus on West Coast demand

Alaska Airlines has vowed to be the dominant carrier of the West Coast — a goal that was aided when it acquired Burlingame, Calif.-based Virgin America in 2016.<p>Now, the Seattle-based airline has announced that it plans to close its pilot base at New York's John F. Kennedy International Airport in …

Flying

Iran says Europe's support for nuclear deal not enough

TEHRAN (Reuters) - The European Union is not doing enough to preserve the benefits for Iran from the 2015 international nuclear pact following the withdrawal of the United States, Iran's foreign minister told the EU's energy chief on Sunday.<p>Miguel Arias Canete, European Commissioner for energy and …

South Asia

North Korean military officer, civilian reportedly defect to the South

Two North Koreans – a military officer and a civilian – reportedly defected to South Korea early Saturday.<p>According to South Korea's Yonhap Nedws Agency, South Korean military personnel spotted the defectors on a boat in the Yellow Sea, between China’s mainland and the Korean Peninsula.<p>The …

North Korea

Mining and Metals in a Sustainable World - Reports - World Economic Forum

Scoping Paper:<br>Mining and Metals in a<br>Sustainable World<p>World Economic Forum Mining & Metals Industry Partnership in collaboration with Accenture<p>Click …

World Economic Forum

Why Investors Have Become Skittish About Turkey

The world is finally catching on to what the skeptics in Turkey were saying all along.<p>For the better part of 16 years, Turkish leader Recep Tayyip …

South Asia

Empty stomachs drive Venezuela soldiers to desert in droves

He enlisted in Venezuela's National Guard to earn a ticket out of poverty. But little more than two years later, his monthly pay is worth only about …

Venezuela

CBS votes to kick out parent company National Amusements, setting up court battle

CBS wants to shake off its parent company, National Amusements. Whether it will be allowed, however, is a matter for the courts.<p>The board of directors of CBS on Thursday voted 11-to-3 to issue a stock dividend, a move that would effectively remove National Amusements as the controlling shareholder …

Media Industry