• With e-commerce surging during the coronavirus pandemic, Prime Day and the 2020 holiday season may be the perfect hunting ground for online fraudsters.
  • Business Insider spoke with Amazon’s former Director of Corporate Development Aaron Barfoot, who now serves as the chief financial officer of online security firm Forter. 
  • “Good online hygiene means paying attention and being alert,” Barfoot said. 
  • Visit Business Insider’s homepage for more stories.

It’s a potential nightmare for anyone who’s ever shopped online: checking your bank account or credit card statement to find that a cybercriminal has stolen your identity and run up a huge bill.

During Amazon’s two-day Prime Day sales event and the upcoming 2020 holiday season, that’s a scenario that could become reality for more shoppers than ever before. Former Amazon Director of Corporate Development Aaron Barfoot — who now serves as chief financial officer for online fraud prevention firm Forter — said that

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Edmund Lowman is CEO of Slumber Hostel Group, a youth travel accommodation and tour experience provider in Southeast Asia.

A few years ago, I entered into what would turn out to be the worst business deal of my life. But along the way, I learned many valuable lessons on how to avoid bad partnerships.

Below are my tips for navigating business partnerships, as well what to do if you see your deal is starting to go south:

Negotiate.

The old saying, “Hindsight is 20/20,” is absolutely true. Looking back on this, we made so many mistakes that it is no surprise to me the deal went south. A few lessons to keep in mind include:

• Don’t argue with your future partners. Remember, these people aren’t your enemies. They are people you are going to presumably be doing business with for a long time. If you’re arguing and

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  • The FTSE 100 was one of the worst-performing major indexes in Europe in September. However, UK investment bank, Barclays, in a research note, said stocks in the UK region were cheap and under owned. 
  • The UK market is “foreign exchange sensitive” and with the GBP likely to be choppier due to Brexit uncertainty, Barclays predicts the FTSE 100 will improve, which could create opportunities for investors.
  • Barclays outlines seven UK stock picks with catalysts in the fourth quarter and two stocks to sell.
  • “Our seven OW-rated stocks have an average upside to our PT of 26%; whilst our two UW-rated stocks have an average downside to our PT of -27%,” said Barclays’ equity analyst, Richard Taylor, in the note.
  • Click here to sign up for our weekly newsletter Investing Insider
  • Visit Business Insider’s homepage for more stories.

The FTSE 100, the UK stock index that tracks the biggest 100 companies

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The Walt Disney Company has reached an agreement to avoid layoffs of its full-time union cast members, according to a letter Wednesday by the Service Trades Council Union, which represents approximately 43,000 of the company’s employees.

A view of Cinderella Castle from Seven Seas Lagoon in the Magic Kingdom at Walt Disney World, in Lake Buena Vista, Fla., Wednesday, Sept. 30, 2020. The Walt Disney Co. announced Tuesday that it is planning to lay off 28,000 workers in its theme parks

The agreement comes a week after Disney’s Josh D’Amaro announced the company would be laying off approximately 28,000 employees across its Parks, Experiences and Products segment due to the ongoing impact of the coronavirus pandemic.

DISNEY’S BOB IGER LEAVES CALIFORNIA CORONAVIURS TASK FORCE AS PARKS REMAIN IDLE

“On September 29, 2020, Disney notified the STCU that they

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  • The Trump administration has taken an assertive approach to China, seeking to rebut Beijing’s propaganda and to cast its ambitions in the starkest terms.
  • But the US doesn’t need to court conflict to counter China, and it can commit to “telling the truth about China,” without needlessly antagonizing Beijing, writes Defense Priorities fellow Bonnie Kristian.
  • Visit Business Insider’s homepage for more stories.

The nations of the world should “see each other as members of the same big family, pursue win-win cooperation, rise above ideological disputes, and avoid falling into the trap of a clash of civilizations,” Chinese President Xi Jinping said in a recorded address to the UN recently.

As for his own country, Xi added, China is “committed to peaceful, open, cooperative, and common development. We will never seek hegemony, expansion, or a sphere of influence. We have no intention to fight either a Cold War or a hot

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TAMPA, Fla., Oct. 6, 2020 /PRNewswire/ — Edison Avenue has had enough of witnessing entrepreneurs giving away their net worth to private equity groups, family offices, and other sophisticated investors.  The unspoken truth is that many former business owners don’t talk about out of embarrassment that they fell into one of these costly traps. 

  • Invisible Ink:  Frequently an LOI is not worth the paper it is written on. Often, far too many of the terms and conditions are left unaddressed or vague. Business owners often think they understand the price and terms of the LOI to purchase their business. After the buyer’s team of accountants, attorneys, and other professionals comb through the business every flaw will be uncovered and used to reduce the price. Then, when the purchase contract negotiations begin, one will see the deal terms shift so fast one might think the ink is disappearing from the
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    In a video to employees Monday, Southwest CEO Gary Kelly announced that the airline will need to “sacrifice more” by undergoing pay cuts in an effort to avoid layoffs and furloughs through 2021 amid the coronavirus pandemic’s ongoing impact on travel demand.

    The announcement comes as the airline industry has been pleading for an extension of the payroll support program allotted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act which Congress passed in March following the expiration of the $25 billion bailout on Oct.1.

    Kelly noted that since the act’s  Payroll Support Program (PSP) has expired, that Southwest “simply cannot afford to continue with the conditions required to maintain full pay and employment,” Kelly said.

    Applauding his employees, stating they “all have performed magnificently” and called them

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    If you’re looking for a self-improvement task in this pandemic era, try teaching yourself to use contactless payments with your phone or “tap-to-pay” credit and debit cards.

    Any germaphobe will tell you that the surfaces of bills and coins have always been gross. And handing your credit card to a cashier who has the sniffles and a hacking cough? Even in pre-pandemic times, also gross.

    Now, COVID-19 has prompted the Centers for Disease Control and Prevention to advise using touchless payments whenever possible in the brick-and-mortar world.

    Americans have been relatively slow to adopt touch-free payments even though they’re more convenient and secure than swiping credit and debit cards. But maybe hygiene will be the tipping point as people seek a solution for, well, yucky money.

    “I think the pandemic is a strong impetus to change,” said Jodie Kelley, CEO of the Electronic Transactions Association. “I think it’s going to

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    a hand holding a cellphone: Eduardo Munoz/Reuters


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    Eduardo Munoz/Reuters

    • Google announced in a blog post on Monday that it’s closing a loophole which allows some developers to side-step its 30% tax on in-app payments.
    • Developers will have until September 31 2021 to integrate Google’s billing system.
    • Google also said it will make it easier for users to install alternative app stores to its own.
    • The change may mean apps such as Netflix, Spotify, and Tinder which have avoided the 30% fee put up their prices on the Play Store.
    • Visit Business Insider’s homepage for more stories.

    Google said it will clamp down on a loophole that allows big developers like Netflix and Spotify avoid paying 30% commission on in-app payments.

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    Until now, developers have been able to side-step the 30% commission that comes with using Google’s in-app payment system by getting users to enter their card details directly.

    Google’s vice

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    • United Airlines will avoid furloughs for nearly 3,000 pilots, the airline said Monday.
    • The pilots’ union and the airline agreed to a work-sharing measure to keep more pilots on active duty even as demand remains low during the pandemic.
    • The airline still plans to furlough 12,000 other workers when CARES Act funding requirements expire on October 1, unless an extension is passed before then.
    • Visit Business Insider’s homepage for more stories.

    Nearly 3,000 United pilots who were slated to be furloughed later this week will keep their jobs, thanks to a new deal between the airline and the pilots’ union. The mitigation agreement, announced by the Airline Pilots Association and United on Monday, also avoids the furloughs of another 1,050 pilots that were slated for next year. 

    However, United will still furlough roughly 12,000 workers on October 1, a senior executive said during a press briefing — unless Congress extends

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