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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…

Private Jet-fly By-The-Seat pops up

So you do not want to fly with the airlines these days. And you do not want to charter an entire private jet for just one or two people. Or chartering a private jet is out of budget for what your gang will use. You just have good luck. But you need to be flexible and in many cases act fast. While there are various forms of jet sharing, there are several new pop-up flights on certain routes. The most recent participant is an outfit called Aero, which, like most private aviation PR sites, controls at least two fields. It…

Mortgage rates are new all-time low, but it may not be necessary to rush to refinance

Mortgage rates hit another record low, but there is no need to rush to refinance. Getty It was another record-breaking week for mortgage rates. According to the latest data from Freddie Mac, interest rates on 30-year loans fell again, reaching a new record level of only 3.15%. It is down from 3.25% last week and 3.99% a year ago. This is the third time this year that rates have hit record highs. The low rates have sent mortgage applications up - despite the financial uncertainty that COVID-19 has spurred. In fact, total mortgage applications rose 2.7% this week, while purchase…

As airlines shrink, these private jet operators grow

On Tuesday this week, United Airlines said it was limiting its just-announced flight schedule for August due to lack of demand. Barrons reported according to an internal memo, net bookings in Newark hub fell 84% over the year. New Yorkers do not travel, one might assume. Well, do not jump to conclusions too fast. Omaha-based Jet Linx Aviation is now a major player in the world's private aviation market ... [+] the acquisition of Meridian's air traffic control and charter operations, including 16 jets based at Teterboro Airport in northern New Jersy. Pictured is Jet Linx President and CEO Jamie…

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