The Truth About Biometric Payments

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Master cart launches biometric programme that allows con mers to simply wave or smile to make a payment. Some consumer advocates say this is a kind of loan, but it's not really classified as a loan. Most regulators don't see them as loans at the minute. You can read more on all these stories at f t dot com.

Cash holdings among global fund managers have risen to their highest level since 9/11, China’s economic data show how badly the country is suffering from its Covid lockdowns. Plus, the FT’s employment columnist Sarah O’Connor says inflation hurts some workers more than others and salary advancement schemes aimed at helping struggling workers may not be a panacea.

Mentioned in this podcast:

Big investors increase cash holdings to highest levels since 9/11 attack

Beware the promise of salary advance schemes

China’s economic activity plummets as Covid lockdowns hit growth

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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