Bloomberg The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialised in the debt are promoting an almost equally onerous type of credit. It’s called the online installment loan, a form of ...

Bloomberg Atlas Tower Pty Ltd is selling its South African tower portfolio to shareholder SBA Communications Corp for 2 billion rand ($140 million). The US company will dispose of more than 900 towers in Africa’s most industrialised economy to SBA, Atlas Chief Executive Officer Nathan Foster said in Johanesburg. The agreed price takes account of previous investments made by the ...

Bloomberg Google, Facebook Inc and Twitter Inc need to continue to boost efforts to combat disinformation on their platforms, the European Union said, as it repeated warnings it could introduce legislation. The companies’ actions helped limit interference in the European Parliament elections in May and provided greater transparency around political ads, the European Commission, the bloc’s executive body said. But ...