Buy now, pay later firm Zip to raise fees amid surging inflation
Australian buy now, pay later company Zip Co Ltd (ZIP.AX) said on Wednesday it would raise fees for customers and merchants, as it tries to weather an onslaught from soaring inflation and rising interest rates on its business.
Exclusive: ECB puts Russians in EU, even residents, under scanner
FRANKFURT/MADRID, March 15 (Reuters) – European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions against Moscow, three sources told Reuters. The instructions from European Central Bank (ECB) supervisors mean tens of thousands of Russians […]
Analysis: Lack of vaccination passport, testing threaten Japan’s reopening
Japan’s lack of a vaccination passport and limited testing capacity is threatening ambitions to reopen the economy at a crucial year-end period when restaurants earn up to a half of their annual revenue and travel agencies are at their busiest.
Crown, forint expected to firm as interest rates rise
The Czech crown and the Hungarian forint will extend gains in the coming year as their central banks hike rates to curb inflation during the post-pandemic economic recovery, a Reuters poll showed on Thursday.
Fed pivot, inflation boost emerging market interest rate hikes in June
Emerging markets saw more interest rate hikes in June as a hawkish pivot from the U.S. Federal Reserve amplified inflationary pressures in a number of developing economies.
