Finance

Five European payment firms launch ENP shared network

Major European payment providers have launched a shared network to connect cross-border payments while keeping their national services intact. The new European Payments Network, or ENP, links separate schemes through a common technical and operational layer so users can send money or pay across countries using existing apps and brands. The initial focus is person-to-person transfers, with plans to expand to e-commerce and in-store payments.

Mobility

Tesla\'s auto business wobbles as Wall Street sees annual sales decline

Tesla is increasingly likely to post another year-on-year drop in vehicle sales as its core auto business weakens, Cryptopolitan reported. The stock is down 21 percent this year while the S&P 500 has risen 12 percent, and Tesla trades about 30 percent below its record high from last December. Fewer analysts now rate the stock a sell, though that shift does not reflect improved earnings expectations. Tesla has seen a rebound in European registrations, but Wall Street remains focused on annual pressure from auto sales.