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Half of receivables is not received on the due date and another 6 percent is written off as bad debts, a survey of businesses has found. Trade credit insurer Atradius surveyed 200 businesses, who said they transacted an average of 58 percent of their business-to-business sales on credit, and the …

Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value. Slammed by a weakening economy, increased competition from TikTok and recent privacy changes on iPhones, the Snapchat owner missed second-quarter revenue targets and warned that “forward-looking visibility remains incredibly …

Investors claim they can now use cryptocurrency Pi to pay for various purchases despite technical and legal uncertainties. Nguyen Tam of Hanoi said he bought a used laptop from an electronics store in Hanoi last Friday with Pi. The device, costing less than VND10 million (US$420), was sold for 200 …