Meituan.com and Dianping Holdings are nearing a merger that would create a company with a combined value of more than $15 billion, creating the country’s biggest online-to-offline provider of services ranging from movie tickets to restaurant bookings.
The Consumer Financial Protection Bureau is moving toward new rules giving borrowers more rights to sue banks and credit-card companies, the agency’s latest attempt to shift the balance of power to consumers from financial institutions.
Berlin has become a magnet for European youth, with 40,000 new residents flocking to the city every year. The problem: Only about 8,000 new housing units are added a year. Building more is proving a challenge.