Merchants have long accused the payment network of charging inflated ‘swipe fees’ when shoppers use their cards. Visa and Mastercard have reached an estimated $30bn antitrust settlement to limit credit and debit card fees for merchants in the United States, with some savings likely to be passed on to consumers…
For years, as armed groups plunged Haiti into deeper unrest, human rights advocates and civil society groups have issued a clear demand. Stop the flow of illicit firearms to criminal gangs — especially from the United States. Now, as a surge in deadly gang attacks grips the capital of Port-au-Prince,…
Dakar, Senegal – Trust and power seem to converge in the hands of tax inspectors in Senegal, as the country is ready to vote in a highly anticipated presidential election on Sunday. The political figures receiving the most attention out of 17 presidential hopefuls during this electoral cycle – candidates…
IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund (IMF) has said. Inflation has come down from a peak…
Taichung, Taiwan – When Hao Pengfei retired last year, it felt nothing like he had expected it would when he was a younger man. “I used to think that retirement is more about relaxation and hobbies and less about stress and concerns,” Hao told Al Jazeera from his home in…
Political parties trade blame for economic slump that follows aggressive interest rate hikes to tame inflation. New Zealand has slipped into its second recession in less than 18 months, according to government figures. New Zealand’s gross domestic product (GDP) shrank by 0.1 percent during the October-December period, following a 0.3…
Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said. Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on the back of revenues expected from its expanded gas fields, the agency has said. Revenues from Qatar’s liquified natural gas (LNG) fields will ensure that…
French Competition Authority says tech giant fails to respect commitments and negotiate in ‘good faith’ with publishers. France’s competition watchdog has fined Google 250 million euros ($272m) for breaching commitments to media companies on content licensing. The French Competition Authority said on Wednesday that it was imposing the fine as…
The regulator will have the power to fine clubs up to 10 percent of their turnover for non-compliance with financial regulations. The British government is planning to establish an independent football regulator to oversee the sport and encourage financial stability via a bill introduced in the parliament. The regulator will…
Russia’s success in evading Western sanctions has helped its economy far outperform expectations ahead of Vladimir Putin’s all but certain re-election on Sunday. Ever since Russia’s invasion of Ukraine in February 2022, the Russian economy has consistently defied the dire predictions of critics. That resilience appears to be holding firm as Russians…
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