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Xzhi EU Considers Creating Tech Regulator A group of Chinese regulatory bodies and the country central bank jointly announced Friday that effective Sept. 30 they will reduce fees totaling about $3.7 billion annually that particularly affect small businesses and micro-enterprises.The directive further guides the payment industry to transfer profits to the real economy, reduces the operating costs of market entities, and optimizes the deve <a href=https://www.stanleycups.pl>stanley kubek</a> lopment environment of the real economy, a Google Translate version of the announcement states.One change: authorities will have commercial banks waive account-management fees for small businesses, including very small operations, and also elimi <a href=https://www.cup-stanley-cup.ca>stanley canada</a> nate settlement fees on transactions.Ano <a href=https://www.cups-stanley-cups.ca>stanley cup</a> ther change, as described by Google Translate: Reduce remninbi transfer and remittance handling fees for transactions of less than 100,000 yuan, or roughly $15,496. The Peoples Bank of China 窶 the country central bank 窶 is also directing clearing agencies to implement discounts on some transactions.Additionally, authorities are ordering commercial banks to eliminate some charges, such as those for processing checks, for small businesses.Finally, authorities instructed parties involved in the processing of debit and credit card transactions to cut fees for small businesses by 10 percent. The directive states: For preferential merchant-issuing bank service fees, the network service fee will continue to be discounted at a discount of 7.8% on the basis of the current gov Qhgo New Law Will Force UK Clearing Houses To Complete Regular Cybersecurity Reports Online vacation rental home service Airbnb is seeking a new round of investments that would value the company at $30 billion, making it the second-highest valued U.S. startup, according to The New York Times.The Times spoke with people briefed on the matter under the condition of anonymity who told them that the San Francisco-based room sharing service, which charges a processing fee to book one of the more than 1,500,000 vacation home listings it offers on its online marketplace, is being largely fueled by its expansion into new and emerging markets.Business has increased 700 percent in the past two years thanks to Chinese travel <a href=https://www.stanley-cup.us>stanley mugs</a> ers who use the service alone, according to The Times, while Airbnb launched in Cuba for the first time last year. All this growth has led Airbnb to triple in <a href=https://www.stanleycup.fr>stanley cup</a> valuation in ju <a href=https://www.stanleycup.com.de>stanley kaufen</a> st two years.Airbnb is also experimenting with other ways of making money, such as letting customers add itemsﾂlike museum tickets and restaurant reservations onto their trip.Bloomberg reported this month that Airbnb also secured a $1 billion debt facility this month as well.At a $30 billion valuation, Airbnb would be the second most valued U.S.-based startup company behind only Uber, which CB Insights values at $62.5 billion.
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