UnionPay overtakes Visa in global debit card transactions – Nilson Report
Chinese payment system UnionPay has overtaken rival Visa on the global debit card market, research by analytical company Nilson Report…
Democratic Republic of the Congo Plans To use Russian Payment System – Government envoy
The Democratic Republic of the Congo may start using the Mir payment system, Russia’s alternative to Visa and Mastercard,…
Swiss banks announce historic takeover
Traditional rival UBS has struck a deal to acquire the ailing Credit Suisse UBS Group and Credit Suisse Group,…
Russia becomes biggest gas supplier to China
Russia has become China’s largest supplier of natural gas, beating Turkmenistan, Qatar, and Australia, data from the Chinese customs agency…
Pan-African E-commerce Company, Jumia Sacks 900 Workers To Reduce Cost Of Operation
Jumia, a pan-African e-commerce platform, says it laid off over 900 workers in order to reduce its cost of operation.…
Russia’s oil output hits pre-sanctions high – Kommersant
Russian energy companies in February increased the average daily production of crude oil and condensate by almost 2% compared…
Twitter Boss Sacks more Twitter staff
Twitter has laid off another 200 employees, including some top executives, in the latest round of job cuts since…
Japanese inflation hits four-decade high
Japan’s core consumer inflation index hit a 41-year high last month as companies continue to pass rising energy costs…
Russian methanol industry shutting down – media
The vital chemical is falling victim to Western sanctions, Kommersant daily reports Methanol output in Russia has fallen to…
Major Turkish Banks Halt Use of Russia’s Mir Payment System
Two of Turkey’s largest banks have suspended their acceptance of Russia’s Mir payments system after U.S. warnings of punishment…