Germany lowers growth forecast, but will still be highest in 7 years
BERLIN: The German government has lowered its economic growth forecast for this year, a source familiar with the decision said on Tuesday, reflecting expectations that an upswing in Europe's largest economy was losing some momentum
SINGAPORE: Singapore has been chosen to host the world's largest trademark event in 2020, announced the International Trademark Association (INTA) on Monday (May 21).
The association's 142nd annual meeting will be held from Apr 25 to Apr 29, 2020 at the Marina Bay Sands.
This will be the first ...
Well, that was awkward. Last week, PayPal agreed to buy iZettle, known as the “Square of Europe,” for $2.2 billion in cash, making the deal the payments company’s largest acquisition to date. Bloomberg, in its writeup of the deal, used a picture of a Square checkout register, rather than iZettle’s copycat product—as Square was quick to note on Twitter.
— jack (@jack) May 18, 2018
Twitter sparring aside, the deal indeed sets up a showdown between PayPal, worth $90 billion, and Square, worth around $22 billion. With iZettle, PayPal is in a strong position to win over brick-and-mortar businesses in northern Europe and Latin America, where iZettle projects that it will process $6 billion in transactions this year. Square, in contrast, is available in just four markets outside of the U.S.: Australia, Canada, Japan, and the U.K., which launched last year.
In online payments, PayPal’s global reach is central to its value proposition. The company operates in over 200 countries/ regions and supports 25 currencies.
Square, meanwhile, is just beginning its push into ecommerce. Earlier this month, Square acquired Weebly, a website-building service, for $365 million.