NEW YORK (AP) — Apple said Tuesday it is expanding the iPhone’s capabilities to accept contactless payments, making it easier for merchants to conduct tap-to-pay transactions without having to buy additional hardware. It will also give Apple a competitive edge in the growing world of contactless payments, in which the iPhone, as well as Apple…
LOS ANGELES (AP) — The return of the Super Bowl to the L.A. area after a nearly 30-,year absence is already a big victory for local small business owners like Kyndra McCrary. Her catering company got hired to provide food for performers working the Super Bowl, and for an NFL business networking event last week….
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Tuesday its after-tax distributable earnings more than doubled in the fourth quarter, thanks to strong asset sales from its private equity portfolio and record transaction fees from its capital markets business. The strong earnings performance, in line with that of KKR’s peers,…
ROME (Reuters) – Leonardo said on Tuesday it had suspended its search for a partner for the Italian defence group’s automation arm, as no offer had been made that could ensure it a “sound future”. Leonardo Chief Executive Alessandro Profumo said in March it was considering options for the division, including an alliance with a…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand. The sharp widening in the trade gap reported by the Commerce Department on Tuesday mostly reflected a shift in spending toward goods…
NEW YORK (AP) — American Express on Tuesday launched a checking account that comes with a debit card that will allow its customers to accrue its popular Membership Rewards points the same way they do on its credit and charge cards. It’s a notable move for AmEx and the banking industry in general, since debit…
MEXICO CITY (Reuters) – A global semiconductor shortage that has weighed on Mexico’s auto sector should normalize throughout the year and chip supply should reach prepandemic levels in the second half of 2022, the Mexican Automotive Industry Association (AMIA) said on Tuesday. “We expect the shortage of semiconductors to stabilize throughout the year and towards…
By Joseph White DETROIT (Reuters) – General Motors Co plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output, according to information shared with suppliers. GM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric…
FRANKFURT, Germany (AP) — U.S. President Joe Biden has threatened to block the Nord Stream 2 natural gas pipeline if Russia invades Ukraine. The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating. It has become a major target as Western governments try to deter a Russian…
A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021. Bill Gates and Melinda French Gates topped the list, pledging $15 billion to the Bill & Melinda Gates Foundation, a huge player in…
