Economy and Finance

Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, overtaking Saudi Arabia, Kpler's data show.

The State Bank of Pakistan (SBP) raised its key interest rate by 100 basis points to a record 21 per cent on Tuesday.

Interchange fee will only be applicable for certain specific transactions, and will be not applicable for bank-to-bank transfers and payments by customers

Ro Khanna joined the Pakistan Congressional Caucus in August 2019, and currently vice chair of it, he is also member of the India Caucus

While the Indian government had initially set the deadline to March 31, 2022, it extended the last date by another year.

The report says "CEO Jack Dorsey has publicly touted how Cash App is mentioned in hundreds of hip-hop songs as evidence of its mainstream appeal. A review of those songs shows that the artists are not generally rapping about Cash App’s smooth user interface—many describe using it to scam, traffic drugs or even pay for murder".

Indonesia is not the first country to consider phasing out foreign payment systems. In recent years, countries like China and Russia have taken steps to develop their own payment systems and reduce their reliance on Visa and Mastercard.

First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.

Saudi National Bank, the largest shareholder of Credit Suisse said that it can't invest more capital, causing the shares of the Swiss Bank to fall by 24%

"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.