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Publish-Brexit penalty reveals the ability of the bank card duopoly

Post-Brexit penalty reveals the power of the credit card duopoly

Monetary regulation can be totally different and higher after Brexit, promised UK chancellor Rishi Sunak. Sam Woods, who heads the Prudential Regulation Authority, talked of being free of the “shackles” of Brussels’ guidelines.However UK policymakers, and most different supporters of post-Brexit deregulation, in all probability didn't take into account the quintupling of sure bank card charges when Britons purchase items from the EU.That's now what is occurring when Mastercard debit and bank cards are used — because the Monetary Instances revealed final week. From October, service provider’s so-called “interchange” charges will soar from 0.3 per cent of the transaction worth…

Xiaomi sues US authorities over inclusion on Pentagon blacklist

Xiaomi sues US government over inclusion on Pentagon blacklist

Xiaomi, the Chinese language smartphone maker, has sued the US authorities over a transfer by Donald Trump in his final week as president to position the corporate on a Pentagon blacklist that bars Individuals from investing in it.The group, which has overtaken Apple to grow to be the third-biggest smartphone maker, filed a lawsuit in opposition to Lloyd Austin, the US defence secretary, and Janet Yellen, the Treasury secretary, following its addition to a listing of corporations with suspected ties to the Chinese language army.The Pentagon final yr began compiling a listing of Chinese language corporations with alleged ties to…

Insurance Commissioner Jon Godfread says the bill seeks to improve ‘people’s dollars’ in North Dakota

It is a nod to the growing support of a bill that, if passed, will make it possible to invest Legacy dollars in infrastructure projects and provide capital to state-owned enterprises. Perhaps no one is more excited than Jon Godfread, the State Insurance Commissioner and member of the State Investment Board, a longtime spokesman for investing money here at home. At present, most older investments are made out of state. In December Godfread discussed Legacy Fund investment opportunities during a meeting with the Grand Forks Heralds editorial staff. That was before the opening of the Legislative Assembly in 2021. House…

Russian opposition activist Alexei Navalny sentenced to 3½ years in jail

Russian opposition activist Alexei Navalny sentenced to 3½ years in jail

Russian opposition activist Alexei Navalny has been sentenced to three-and-a-half years in prison in a case widely seen as an attempt to neutralise President Vladimir Putin’s most prominent critic.In a tense hearing in Moscow’s Simonovsky court on Tuesday that intermittently descended into bouts of quarrelling between the legal teams, the judge agreed with prosecutors who alleged that Mr Navalny had violated the terms of a suspended sentence for fraud he received in 2014, by not immediately returning to Russia from Germany after recovering from a nerve agent poisoning last autumn.The judge said that the close to a year already served…

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