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THE TRUTH ABOUT: 9 - Caught on Camera

Buy now, pay later firm Klarna reports first quarterly profit in four years

Swing to profit of £9.6m by Swedish firm improves its fortunes in run-up to possible £12bn flotation

The Guardian - UK

‘It’s just a matter of time’: why AI could help Europe create its own Apple or Google

Silicon Valley overshadows its transatlantic rivals. But as artificial intelligence grows – and with a global summit on it this week – some think it could offer a Euro startup the chance to become a new Google

The Guardian - UK

Zilch eyes London IPO as fintech firm edges closer to profitability

CEO Philip Belamant said Zilch was now months away from hitting profitability

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Buy now, pay later firm Klarna reports first month of profit in three years

Fintech company still made second-quarter operating loss of £62m as calls grow for sector to be regulated

The Guardian - UK

Klarna slashes half-year loss by 67% and its CEO celebrates shattering 'misconceptions around business model'

Klarna's CEO, Sebastian Siemiatkowski, had announced last November that the company aimed to start posting quarterly profits by this summer.

Fortune

Buy-now, pay-later giant Klarna says it will ‘double down’ in Europe after reporting major growth in the region

The company said it has seen "phenomenal growth" across Europe.

Fortune

Swedish fintech Klarna booms in Europe as demand up by a quarter in the UK

Swedish fintech Klarna is booming in Europe as shoppers turn to Buy Now, Pay Later products amid inflationary pressure and high interest rates.

Evening Standard

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Petco Expands DoorDash Partnership, Launches App Updates

Use the DoorDash app to get 50% off certain Petco orders till Aug. 27 in honor of National Dog Day.

Kiplinger

Tell us: what’s your experience with buy now, pay later schemes in the UK?

We want to hear from people using companies like Klarna and Clearpay and if they worry about debt issues

The Guardian - UK

Buy now, pay later medical loans on rise as desperate patients go private amid NHS backlogs

Finance firms defend credit deals as ethical but health experts warn of spiralling public indebtedness

The Guardian - UK

Buy now, pay later firms stay unregulated – and Britons are racking up debt

Estimates suggest one in 10 consumers who use companies such as Klarna and Clearpay end up with debt collectors as no safeguards in place

The Guardian - UK

John Henry given new playful dig after £60m Dominik Szoboszlai Liverpool transfer

FSG have now splashed out £95m on two new Liverpool midfield additions this summer

Liverpool Echo

John Henry offered help over Liverpool signings in cheeky transfer message

The social media exchanges quickly gained traction amid Liverpool's interest in Dominik Szoboszlai

Liverpool Echo

Arsenal fans make same Declan Rice joke as finer details of £105m transfer emerge

The Gunners are on the verge of reaching an agreement with West Ham United over the transfer of Declan Rice for a British record transfer fee of £100million plus £5m in add-ons

Daily Mirror

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Evening Standard

As some UK shoppers would welcome robots in stores, fashion retailers look at AI use

Klarna found that about a third of shoppers would be open to the idea of a robot approaching them in-store to take their measurements and recommend styles

Daily Mirror

Klarna makes major change to payment choices 'to put customers interests' first'

People shopping directly through the KIarna app will be able to "opt out" of using credit which Klarna says will help people manage their money better and prevent debt

Windows Central

Bing Chat will get boosted by plugins — here's which ones are on the way

Several plugins are on the way to Bing Chat, including Expedia, Insacar, Kayak, and Zillow. The AI-powered chatbot will greatly expand its capabilities by integrating with popular apps and services.

ABC News

Buy now, pay later services will be considered credit products by the end of the year. Here's how it will work

The federal government will classify buy now, pay later options as credit products, as part of sweeping changes to protect both consumers and the industry. Here's what it means in practice.

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The Conversation

Buy now pay later: Klarna is courting young shoppers with Paris Hilton and TikTok-style algorithms – here's why it's a problem

After adding a few too many items to your online shopping cart, you head over to the payment page to check out. Alongside the usual credit card and PayPal payment fields, you see an enticing new option. A colourful button offers to allow you to spread your payment over several…

Fortune

Sweden’s Klarna burned through $100 million a month to become a buy-now-pay-later giant in the U.S. Can ChatGPT help it turn a profit again?

Klarna, a pioneering fintech startup, seeks a rebound after a year marked by layoffs and a plummeting valuation.

Businessweek

Americans Go Deeper Into Debt as They Use Buy Now, Pay Later Apps for Groceries

With inflation squeezing budgets, more consumers are turning to instant credit apps to make ends meet.

The Guardian - UK

Are we returning to an era of delayed gratification? I hope so

Human beings can be well served by waiting around for pleasures. The truth is, writes Vic Groskop, healthy anticipation makes our lives more enjoyable

Chicago Sun-Times

Junior Bernie Madoff? Businessmen who say they were bilked of tens of millions say Sean Grusd was just as ‘brazen’

He’s accused of conning prominent Chicago businessmen including John Stafford III and Patrick Buck into investing millions — but spending the money on fancy cars, real estate and vacations.

Los Angeles Times

Apple joins the 'buy now, pay later' lending trend. Do you know about the downsides?

Starting this week, Apple is rolling out its version of "buy now, pay later."

The Guardian - UK

Buy. Return. Repeat … What really happens when we send back unwanted clothes?

The rise and rise of online fashion stores – and their generous returns policies – has created a new industry dedicated to dealing with our unwanted clothes. But what damage is being done – to our planet and to retailers – by our boomerang shopping habits?

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Sebastian Siemiatkowski

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