Tag results for: economy

Argentina's Chamber of Deputies, the lower house of the nation's Congress, approved a reform bill targeting the nation's economy in the country's latest attempt to revitalize the economy following the election of Libertarian economist Javier Milei to the presidential office. The Bill: The bill addresses a number of issues, including the reinstitution of income tax for single workers who earn over...

The governments of Colombia and the United Arab Emirates (UAE) signed a free trade agreement on Thursday, Colombia's first ever with an Arab nation. This agreement, known as the Comprehensive Economic Partnership, was discussed and agreed upon virtually between President Gustavo Petro and Sheikh Mohamed Bin Zayed Al Nahyan, the UAE's President. Budding Relations: The agreement comes after two years of...

On March 27th, Chinese leader Xi Jinping met with various American businessmen and academics at the Great Hall of the People in the capital, Beijing. Some guests, such as National Committee on U.S.-China Relations Board of Directors Chairman Evan Greenberg and Founding Dean of the Harvard Kennedy School of Government Graham Allision, delivered speeches to the meeting during the...

Kyrgyzstan is set to stop accepting payments with Russian "Mir" cards from April 5, preceded by Armenia on March 29. After Visa, Mastercard, and American Express halted their services in Russia in March 2022 and the U.S. imposed sanctions on the Russian National Payment Card System, the Mir system emerged as an alternative for international transactions. Consequently, Mir saw a...

Armenian banks are scheduled to cease processing payments with Russian Mir cards from March 29 2024, following U.S. sanctions on Russia's National Card Payment System (NSPK) imposed in February 2023. The Mir system became Russia's alternative to major international payment systems after Visa, Mastercard, and American Express suspended their services in Russia in March 2022. After this suspension, Mir became...