Lucid Cutting 6% Of Workforce After Dismal First Quarter
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China Fines Businesses For Refusing Cash Payments In A Bid To Be More Tourist-Friendly
China's Central Bank cracked down on seven businesses last week, including a KFC and state-owned firms, for refusing cash payments. The move comes as Beijing prioritises making spending easier for foreign tourists.The People's Bank of China has long imposed such penalties. However, this time, the targeted employees worked for major corporations, highlighting the pervasiveness of cashless payments in China.The bank fined a Wuxi KFC $4,140 for refusing cash from a breakfast customer, and the...