China’s Didi says app takedown may hurt revenue

July 5 (Reuters) – China’s biggest ride-hailing firm Didi Global Inc (DIDI.N) said on Sunday that the removal of its “DiDi Chuxing” app from smartphone app stores in China is expected to have an adverse impact on its revenue.

Earlier on Sunday, China’s cyberspace regulator ordered app stores to stop offering Didi’s app after finding that the company had illegally collected users’ personal data. read more

“The Company expects that the app takedown may have an adverse impact on its revenue in China,” the company said in a statement.

The removal of Didi’s app, which does not affect existing users, comes days after Didi made its trading debut on the New York Stock Exchange in an initial public offering that raised $4.4 billion. read more

In a June filing, Didi reported revenue of about 42.2 billion yuan ($6.5 billion) for the three months ended March 31. Of that, 39.2 billion

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Women’s Business Center of Utah comes to Moab: Nonprofit organization offers resources, free consultations | Get Out & Go

Miray Diner worked as a server when she first came to Moab 10 years ago with a desire to eventually become an entrepreneur. Kelly Walker decided to start her own business as a health coach after she retired from nursing. Both women found assistance in reaching those dreams via the Women’s Business Center of Utah in Moab.

Founded in Salt Lake City in 1997, the WBC is funded in part by the U.S. Small Business Association. The nonprofit organization opened a southern branch in Cedar City in 2019, and then in May, thanks to federal CARES Act funding, was able to hire business advisor Sarah Barstow to assist people in the Moab area.

Barstow, 46, points people toward free resources and offers one-on-one free consultations to help women set up and run a successful business. The WBC teaches marketing skills, how taxes work, and keeping track of finances. There are

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U.S. CBO doubles growth forecast to 7.4%; sees slight drop in federal deficit

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo

WASHINGTON, July 1 (Reuters) – The Congressional Budget Office on Thursday doubled its forecast for U.S. economic growth in fiscal 2021 to 7.4% and said it expected the federal budget deficit to decline slightly to about $3 trillion despite higher coronavirus aid spending.

The upbeat forecast from the non-partisan CBO was mirrored by a sharply higher forecast for U.S. economic output from the International Monetary Fund, which raised its projection for U.S. gross domestic product growth to 7% from 6.4%. read more

The White House welcomed both of the rosy projections – along with others in recent weeks from the World Bank, the Organization for Economic Cooperation and Development and the Federal Reserve – as evidence that President Joe Biden’s plans to jumpstart the U.S. economy

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Consumer Not A Card On File -Srinath Sridharan

Over the last few years, India has seen tremendous growth in online transactions including ecommerce, OTT media, food delivery, and many more. Growth in these areas has in turn helped online payment to grow significantly in India. While multiple payment options are offered by these merchants to customers, cards are one of the preferred modes. Merchants and their payment-processors are trying to achieve convenient payment experiences by offering quicker checkouts and one-click payment to customers.  

Card On File

A card on file, or stored credentials, is the card information stored by a merchant, payment gateway, payment aggregator or digital wallet to process future transactions. It is an important feature, in terms of customer-convenience and makes the transaction process smooth. It eliminates the need of re-entering card details on the merchant site and helps in executing recurring payments. These players store the card number and other relevant details related to a

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