Tag results for: economy

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...

On March 19th, the Bank of Japan (BoJ) announced it would set a new policy rate between 0 percent and 0.1 percent, with the board voting 7-2 in favor of the increase. The rate increase is the first time in 17 years that Japan has increased its interest rates. It also marks the end of eight years of negative...

In Santiago de Cuba, located in the southeast of the island, public protests have emerged in response to severe power outages and food shortages. President Miguel Díaz-Canel has called for dialogue, but expressed concerns about destabilization efforts by "enemies of the Revolution." The situation has been further aggravated by operational disruptions since the beginning of March at the Antonio...