Swedish fintech and digital bank best known for buy now, pay later
A wave of earnings reports from major tech and consumer companies shows mixed results but outlooks point to continued momentum in AI, autos and logistics. Qualcomm, UPS, IBM, Intel and UnitedHealth report varying results, with some guiding higher, others facing cost pressures, and others expanding into automotive and AI workloads.
UK regulators are expanding Buy Now, Pay Later oversight. From July 15, BNPL providers must be authorised by the FCA, undergo affordability checks, and offer clearer information and complaint routes. The changes aim to protect consumers while preserving access to flexible payments.
Stripe and Advent are pressing forward with a potential bid to jointly acquire PayPal, valuing the payments giant around $53-60 billion and backed by roughly $50 billion in bank financing. PayPal has not yet responded as discussions continue, with experts noting the deal would create a dominant dual-powered payments group.
Yope has closed a $12.3 million seed round led by Northzone and is launching an AI-native social platform centered on private micro-communities. The app emphasizes privacy, no advertising, and a subscription model while offering AI-powered mini-games and real-world meetups.
The White House has hosted industry leaders to discuss a voluntary framework reviewing cybersecurity across the AI sector. OpenAI, Google and Anthropic are involved as the administration finalizes how frontier models will be evaluated under a forthcoming framework.
Apple has launched Apple Upgrade, a lease-to-own program through Klarna, allowing customers to lease iPhones, Watches, Macs, and iPads for 12–36 months with upgrade, return, or purchase options at term end. The move aligns with rising device prices and longer replacement cycles, aiming to keep customers in Apple’s ecosystem. Pricing starts at $17.99/month for iPhone and scales by device and term.
eBay and former executives have agreed to pay about $56 million to a Massachusetts couple who were targets of a harassment campaign in 2019 linked to critical reporting on EcommerceBytes. The settlement includes compensation to the Steiners, donations to nonprofits, and a public statement from eBay. Seven former employees faced criminal charges and prison terms.
Global markets are cooling as AI spending fears grow. Chipmakers in Korea and China face scrutiny, while Apple bucks the trend by avoiding the AI spending race. Investors worry that soaring data-centre costs and circular funding could slow the AI boom.
Apple warns it is scrambling to secure memory and other chips as AI-driven data center demand strains supply chains. Executives say shortages are limiting production of iPhones and Macs, with price pressures and questions over future growth, while rivals eye AI-powered chips for new leverage.