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Pagaya President on Buy Now, Pay Later Business Model

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Papaya Co-Founder and President Sanjiv Das discusses how the buy now, pay later business model in terms of retail lending is enduring and profitable with Scarlet Fu on ‘Bloomberg Markets.’ (Source: Bloomberg)



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Funding & Business

Sanctioned Oil Tanker Nears Adani Port Laden With Russian Crude

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A sanctioned tanker carrying Russian oil has neared an Indian port operated by Adani Group, and will likely be one of the last blacklisted vessels to unload at the conglomerate’s facilities after a ban took effect.

The Spartan, a Suezmax carrying about 1 million barrels of Urals crude, was off Mundra port on Sunday near an offshore discharge point that services refiner HPCL-Mittal Energy Ltd., according to ship-tracking data compiled by Bloomberg, Kpler and Vortexa. The vessel was sanctioned last year by the European Union and the UK for allegedly helping facilitate the export of Russian oil.



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Funding & Business

South Africa Banks Pan Minister’s U-Turn on Credit-Law Changes

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South Africa’s top banking lobby group criticized the government’s withdrawal of proposed changes to the National Credit Act that were meant to help small firms secure loans.



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Funding & Business

Thailand Is Said to Weigh Tax on Gold Trades to Slow Baht Rally

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Thai authorities are considering a tax on physical gold trading to slow a rally in the nation’s currency that has threatened exports and tourism.



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