EU to introduce crypto-assets regime by 2024, EU documents say

By Huw Jones

LONDON (Reuters) – The European Union will introduce new rules within four years to make cross-border payments quicker and cheaper through the use of blockchain and crypto assets like stablecoins, two EU documents showed.

The European Commission is due to set out its strategy for encouraging greater use of digital finance at a time when 78% of payments in the euro zone are in cash. It also wants a rapid shift to “instant” payments generally as pandemic lockdowns showed the growing role of cashless payments.

The EU executive will present a draft law to clarify how existing rules apply to crypto assets and set out new rules where there are gaps, the documents said.

“By 2024, the EU should put in place a comprehensive framework enabling the uptake of distributed ledger technology (DLT) and crypto-assets in the financial sector,” the documents said. “It should also address the

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Bed Bath & Beyond Expands Google Cloud Deal on Online Demand

Bed Bath & Beyond Inc. BBBY has expanded its collaboration with Google Cloud, given the ongoing digital boom. In this regard, the company has signed a five-year deal with Google Cloud to keep up with its rival retailers, given the current scenario when consumers are largely shifting to digital purchases. The company’s initial partnership with Google Cloud dates back to 2017, which is likely to meet the increased demand during the Black Friday and Cyber Monday season sale. This move is guided by the sudden surge in demand for online products and wide adoption of Buy-Online-Pickup-In-Store (BOPIS) and Curbside Pickup services by customers, thanks to the pandemic.

Notably, Bed Bath & Beyond has been witnessing solid digital sales growth since the fourth quarter of fiscal 2019. In the first quarter of fiscal 2020, digital sales rose roughly 82% with robust growth witnessed throughout the quarter. Further, digital sales surged

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Nation’s largest school system ‘in an impossible situation’ amid the coronavirus pandemic

This post has been updated with information from a New York City Department of Education employee.

It’s been a rough week for the millions of children, parents, educators, and city officials involved in the reopening of New York City schools. 

After grappling with a shortage of teachers and buildings that are not ventilated well enough to deter transmission of coronavirus, the nation’s largest school district again delayed the start of in-person learning.

“The [New York City] Department of Education has put P.S. 125 and many other schools in the city in an impossible situation,” Tamara Tucker, president of the parents association at P.S. 125 in Morningside Heights, which serves students from pre-kindergarten through fifth grade, told Yahoo Finance. “And I don’t want to penalize the schools for being hamstrung like that.” 

The city provided parents with three main options for students starting the fall school year: in-person, fully virtual, or

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Pilots face layoffs and an uncertain future as coronavirus hammers the airline industry

Thousands of pilots across the country are facing pink slips in a matter of weeks unless the airline industry receives more financial aid from the federal government. For many of them, flying has been their dream since they were kids, and the crisis in the industry has left pilots young and old stuck in a holding pattern — either hoping for a miracle or eyeing the exit.

On Thursday, executives from the major U.S. airlines met with White House chief of staff Mark Meadows in an attempt to secure more emergency funding. The meeting included CEOs Doug Parker of American Airlines, Scott Kirby of United and Southwest’s Gary Kelly.

TSA passenger checkpoint numbers fell from nearly 2.3 million on March 1 to just 90,000 by mid-April, amid pandemic lockdowns and public health concerns. Passenger travel has since recovered somewhat, but at its best has been no more than half of

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Apple’s (AAPL) India Online Store Launch to Add Festive Cheer

Apple AAPL is set to launch its first online store for India on Sep 23. The store will sell the company’s complete range of products that include the iPhone line-up, the Mac computing device line-up, the iPad series, Apple AirPods family, HomePod smart speaker and more.

The online store launch is coming right before the festive season of Diwali in India when the demand for electronics sharply increases. This is likely to help Apple tap consumers who have been holding back on non-essential purchases amid the coronavirus pandemic.

Available on, the online store will be Apple’s first direct retail presence in the country. So far, Apple had been relying on authorized distributors and retailers in India for offline sales as well as on online shopping platforms such as and Flipkart.

According to Apple, all orders will ship with contactless delivery fulfilled by BlueDart within 24 to 72 hours

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Why Is Shopping For Plus-Size Vintage Clothing So Hard?

For plus-size women, shopping, in general, is hard. Finding a retailer that sells clothing in a plus-size alone isn’t easy — and that’s before even considering personal preference or style. That selection becomes even more limited when it comes to vintage sellers. But like everyone else, plus-size women want to shop vintage too, be it because of the high quality, fair price point, or sustainable nature of the clothing. Unfortunately, as we see shifts in the right direction for new plus-size fashion, a recent trend is setting curvy women up for more disappointment on the vintage front, with online sellers marketing vintage in larger sizes as “oversized” and selling it to straight-size women. You know, women who already have access to whatever fashion items they want.

“Being plus-size means thrifting and never finding shit in your size, just to find out someone named Anna sold an ‘oversize’ sweater from Goodwill

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KUWKT is ending partly because the family grew tired of long hours, apparently


Why Kim Kardashian West Isn’t Posting On Instagram Today

When your cause is in dire need of some publicity, you call the Kardashians. For the latter half of their show’s decade-long run, the Kardashian sisters have worked with clean beauty advocates, parents of cancer survivors, senators, and lawyers to help causes gain publicity and reach the people they need. Most public, of course, is Kim Kardashian West’s work on prison reform and her ongoing efforts to become a lawyer.Last night, Kardashian West shared on Twitter that she will be taking part in a Facebook boycott as part of StopHateForProfit’s campaign to demand major platforms take misinformation seriously. Her thread announcing the freeze reads, “these platforms continue allowing the spread of hate, propaganda, and misinformation” and that it’s not enough “only to take steps when people get killed.”All day today, Kardashian West will “freeze” all activity on her personal Instagram

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The Best Workplaces for Women are expanding the turf for women in finance

Finance has typically not been welcoming to women. But the “boys club” of yesterday is changing. A sign of the times: Financial firms rule this year’s list of Best Workplaces for Women. Nine organizations in financial services and insurance earned a spot in the top 20—triple the number on last year’s list.

What’s behind the shift? One reason is that the industry is evolving, with the value of financial advice changing. Almost nowhere is digital transformation shaking up an industry as it is in finance. With a finger swipe across a smartphone, investors can access their accounts and see how their portfolios are doing.

But women are adding value in ways that “robo-advisers” cannot compute.

“In the past, the value of financial services or the value of a financial adviser was in constructing a portfolio or trading stocks,” said Kristin Johnson, chief human resources officer at Edward Jones, No. 5

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A Week In East Kansas On A $149,300 Income

Pandemic micro-weddings are all the rage for couples who were planning to get married in 2020. If you recently had a micro-wedding or are having one in the near future, we want to know how much you spent on it and how it affected your budget for a future big wedding celebration. Tell us all about it here.

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Today: a database developer who makes $149,300 per year and spends some of her money this week on paintbrushes.

Occupation: Database Developer
Industry: Transportation
Age: 42
Location: East Kansas
Salary: $149,300 ($135,200 from job, $7,800 rental income, $6,300 child support)
Net Worth: $385,068 ($537,970 in assets minus $152,902 in debt)
Debt: $152,902 (mortgages on both my

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Why is Meghan Markle suing the Mail on Sunday?

Meghan is suing the paper group over the use of her letter. (Getty Images)
Meghan is suing the paper group over the use of her letter. (Getty Images)

On Monday, one of the most remarkable court cases in recent legal history continues as a high-profile member of the Royal Family takes unprecedented legal action against one of the most popular newspapers in the country.

Meghan Markle, with the support of her husband, Prince Harry, is suing Associated Newspapers Ltd for damages after the Mail On Sunday and the MailOnline published excerpts of a letter she had written to her father, Thomas Markle.

The Duchess of Sussex, 39, claims the letter was private, and is seeking damages for alleged misuse of private information, copyright infringement and breach of the Data Protection Act.

The legal action is the apex of tensions between the couple and the UK’s tabloid press. Earlier this year, Harry, 36, and Meghan banned four of the most well-read newspapers in the country

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