World’s largest credit card issuers suspend business in Russia

World’s largest credit card issuers suspend business in Russia

– Visa and Mastercard credit cards Because of the Russian invasion of Ukraine, the two credit card providers are suspending their business in Russia. – (Photo: dpa) – – – – Washington Because of the Russian invasion of Ukraine, the world’s two largest credit card providers, Visa and Mastercard, are suspending their business in Russia. … Read more

Business in Russia: the federal government removes Hermes guarantees

Business in Russia: the federal government removes Hermes guarantees

Exporthafen Hamburg The federal government is canceling the loan guarantees for exports to Russia. – (Photo: dpa) – – – – Düsseldorf The federal government is now making it considerably more difficult for German companies to do business with Russia, even if their products are not on the European sanctions list, such as microchips or … Read more

Why China has more to lose in the tech conflict with the US

Why China has more to lose in the tech conflict with the US

Qingdao A recent study from China lists the country’s weaknesses in technological competition with the USA – and apparently aroused the displeasure of government agencies. The investigation, which was published in the Wechat app at the end of January, was “deleted by the author” four days later, according to the app without further explanation. However, … Read more

Chancellor and US President on Ukraine

Chancellor and US President on Ukraine

– Washington According to US President Joe Biden, a Russian invasion of Ukraine would mean the end of the controversial German-Russian gas pipeline Nord Stream 2. At a joint press conference with German Chancellor Olaf Scholz at the White House on Monday, Biden said that in the event of a Russian invasion of Ukraine “there … Read more

Why China is becoming a global problem

Why China is becoming a global problem

It’s a number that impresses – at least at first glance. The Chinese economy grew by 8.1 percent last year. It almost seems as if the world’s second largest economy has already left the pandemic behind. Corona – was there something? – Get unlimited access to all B+ articles from the Berliner Zeitung including audio. … Read more

Swiss exports lose steam | Markets macro

Swiss exports lose steam |  Markets macro

(AWP) Swiss exports fell in October. This was mainly due to the development of chemical-pharmaceutical products. Specifically, Swiss exports reached a seasonally adjusted value of CHF 20.83 billion in October, which is 1.4% below the previous month. In real terms – i.e. price-adjusted – there was a decrease of 1.5% in October, as the figures … Read more

US Congress warns of “high risk for investors” in China

US Congress warns of “high risk for investors” in China

– Joe Biden At the beginning of the week, the US President and the Chinese head of state met for a virtual meeting. – (Photo: AP) – – – – Washington An important body of the US Congress is pushing for drastic measures against economic ties with China. In its annual report published on Wednesday, … Read more

No chance for Britain to join the North American trade pact

No chance for Britain to join the North American trade pact

– Boris Johnson The British government does not come up with free trade pacts as easily as it has thought. – Image: Reuters – Washington/London According to a foreign trade expert, Great Britain currently has little prospect of participating in large trade alliances. “Accession to the CPTPP trade pact of the Pacific countries and above … Read more

Controversial issues of the T-MEC will be reviewed between Mexico and the US

Controversial issues of the T-MEC will be reviewed between Mexico and the US

They also highlight issues such as supply chains and their modernization, in addition to the challenges and opportunities of the Treaty, after its implementation, since July 1 of last year, according to a bulletin issued by the Ministry of the Economy. Both Mexican officials will meet with Gina Raimondo, US Secretary of Commerce, and with … Read more

Maas warns of ‘vaccine diplomacy’ from China and Russia

Maas warns of ‘vaccine diplomacy’ from China and Russia

– Like Germany, China and Russia belong to the G20, in which economically strong countries from all continents have come together to tackle global problems together. At this year’s meeting of foreign ministers, in addition to fighting pandemics, climate protection and aid to Africa were on the agenda. China and Russia gave vaccines to other … Read more