NEW YORK—Coffee traders are seeking advance payment in any new deal to sell beans to Russia as Western sanctions hit the financial system of the world’s sixth largest importer. Traders in Brazil, the world’s largest exporter and number 1 supplier to Russia, said they have added the country to a list of risky and sanctioned…
Coffee Traders Seeking Advance Payment in New Deals With Russia
March 2, 2022
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Former Speaker of BC Legislature Didn’t Consider Conflict of Interest: Trial Hears
February 14, 2022
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British ColumbiaBrock MartlandCanadaclerkconflict of interestCraig JameslegislaturepaymentretirementtrialWorld
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VANCOUVER—A former Speaker of the B.C. legislature says he doesn’t recall being worried about a conflict of interest after he took guidance from the same lawyer who gave a former clerk advice about a retirement payment that’s at the centre of a breach-of-trust trial. In the Supreme Court of British Columbia on Monday, Crown prosecutor…
BC’s Legislature Deputy Clerk Told to Trust Advice on Retirement Payment: Trial
VANCOUVER—The former deputy clerk of the British Columbia legislative assembly told a trial that before she returned a retirement allowance she had received assurances from government officials that it was a valid claim. The $258,000 retirement allowance that her then-boss, former clerk Craig James, received in 2012 is the largest among several payments that are…
Apple Complies With Dutch Watchdog Ruling on Payment Options in Netherlands
AMSTERDAM—Apple said on Saturday it would allow developers of dating apps in the Netherlands to offer non-Apple payment options to their users, complying with an order from the country’s market regulator to do so by Jan. 15 or face fines. The country’s Authority for Consumers and Markets found in a decision published on Dec. 24…
Central Bank Digital Currencies Can Slash Cross Border Payment Time: BIS
September 28, 2021
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Asia & PacificbanksBISborderBusiness & EconomycentralChinaChina Business & EconomyCompaniesCurrenciedigitalEconomiesEuropeHK BusinessHong KongInternationalpaymentWorld
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HONG KONG—Central bank digital currencies (CBDCs) can slash the time needed for cross border payments to seconds from days and cut costs, the Bank of International Settlements (BIS) said, citing a pilot scheme to test the digital forms of fiat currencies. The trial showed cross border transactions could be made in a few seconds, instead…
Shares Gain as Evergrande Says It Will Make Interest Payment
September 22, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeevergrandeGainIndiainterestInternationalMarketspaymentshareUKUSWorld
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World shares and U.S. futures advanced Wednesday after Chinese developer Evergrande said it intends to make an interest payment on its debt that is due Thursday. Shares rose in Paris, Frankfurt and Shanghai but fell in Tokyo. Markets have been rattled by Evergrande’s struggle to meet debt payments and uncertainty over what if anything the…
3 Online Payment Processing Challenges Your Business Should Know
Thanks to advancements in payment technology and online payments platforms, accepting credit card payments online has never been easier. Many of these popular online payments solutions allow business owners to seamlessly integrate and take advantage of the rise in online shopping. While accepting payments online is definitely an advantage for business owners, it does have…
‘Temporary’ COVID Disaster Payment Offered to Victorians: Aussie PM
Victorians who lose 20 or more work hours per week due to state government lockdowns will be eligible for up to $500 from the federal government. Those who lose under 20 hours per week will be eligible for $325, but must not have liquid assets of more than $10,000, Australian Prime Minister Scott Morrison announced…
Australian Businesses Lose $14 Million to Cyber Scams: ACCC
The ACCC is reporting that Australian businesses have lost more than $14 million as a result of payment redirection scams, with the average losses in 2021 more than five times higher than average losses in the same period last year. The scams, also known as business email compromise scams, impersonate businesses or employees via email…
Trump: Increase Payments to Americans, and ‘Get Rid of the Pork’
President Donald Trump again demanded that Congress increase direct payments and get rid of non-pandemic-related measures in the latest stimulus bill. “Increase payments to the people, get rid of the ‘pork,’” Trump wrote early on Sunday morning, again posting his video announcing he would likely veto the stimulus package. Since then, the president has repeatedly…
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