Cash
U.S. Foods To Acquire ‘SGA’s Food Group’ Through Cash Transaction
The purchase of SGA’s Food Group is expected to bring “adjusted profit” for U.S. Foods.
China’s HNA facing deep liquidity crunch
HNA’s liquidity crunch is having a rippling effect across its business in the conglomerate.
Unpopular restrictions on payments in cash further weakens the EU Commission
On January 23rd of this year, the EU Commission issued the ‘Commission Initiative Roadmap’ for 2018 regarding the reinforced fight against the financing of terrorism. These measures happen to be in fact restriction on payments made in cash. In other words, the Initiative is not so much about fighting terrorism but more a war declaration to cash money. The EU wants to become cashless but Europeans disagree and the Initiative has made Europe loose more of the little credibility it had left.
A cashless society won’t happen tomorrow
‘Do you trust cash as a mean of payment?’ Most of us have never asked ourselves this question as cash is deeply rooted in our daily lives; sometimes we use it without even noticing. Yet, behind all of our coins and banknotes there is a world of professionals who work to keep cash secure and accessible to all of us. Many of these professionals met in Paris in April to discuss the future of cash. If you believed that your banknotes were slowly disappearing, you are probably mistaken.
Why big banks look forward to a cashless society
Banks are like any other business, but they have a particular position on the market. They permeate every other kind of business, as an intermediate agent in almost every type of transaction, except one: cash. Thus, banks are trying to close the loophole, through the slow deletion of cash from our societies.
