NEW YORK—The banning of certain Russian banks from the SWIFT international payment system could push central banks to enhance liquidity to offset missed payments, a Credit Suisse strategist said on Sunday. Western nations announced on Saturday a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the…
Central Banks Seen Enhancing Liquidity After SWIFT Ban: Credit Suisse Strategist
March 1, 2022
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Is This Chinese App Harvesting Your Data?
Commentary India is no fan of China, and for good reason. In recent years, China has stolen thousands of acres of Indian land. China has also stolen the data of millions of its citizens. There’s little love between the two countries. In fact, there’s none at all. On Feb. 14, the international day of love,…
UK Bans Russian Private Jets From Its Airspace
February 26, 2022
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British transport minister Grant Shapps said in a tweet on Friday that no Russian private jet can fly in UK airspace or touch down, effective immediately. “Putin’s actions are unlawful and anyone benefitting from Russia’s aggression in Ukraine is not welcome here. I’ve strengthened our ban in the UK so that no Russian private jet…
US Lags Behind India on Blocking Chinese Apps, Including TikTok
February 15, 2022
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News Analysis India sent a special Valentine’s Day gift to China on Feb. 14. Citing national security reasons, New Delhi banned 54 apps linked to China. These included one from Singapore called “Free Fire,” whose company, the gaming giant Sea, investors punished by wiping out $16 billion of its value. Since 2020, after the Chinese…
Swiss to Vote on Becoming First Country to Ban Animal Testing
ZURICH— Switzerland votes on Sunday whether to become the first country to completely ban medical testing on animals, after animal rights campaigners gathered enough support to stage a referendum in the country, which hosts a huge pharmaceuticals sector. More than 550,000 animals died in laboratory tests in 2020 in Switzerland, according to government statistics. The…
Amazon Halts Ban on UK-Issued Visa Credit Cards
LONDON—Amazon.com said on Monday it would not stop accepting UK-issued Visa Inc. credit cards on its British website later this month as it had proposed, adding that it was working with Visa to resolve a dispute over payment fees. “The expected change regarding the use of Visa credit cards on Amazon.co.uk will no longer take…
Hong Kong Bans Transit Flights From Over 150 Countries
HONG KONG—Hong Kong International Airport said it will ban transit passengers from 150 countries and territories starting Sunday, tightening stringent travel controls. Authorities also said Friday they will extend social distancing restrictions, including a ban on dining in after 6 p.m., by another two weeks over the Lunar New Year holidays to Feb. 3. Large-scale…
Sonos Wins Google Import Ban Ruling in US Patent Fight
WASHINGTON—A U.S. trade court barred Google late Thursday from importing products that infringe home-audio company Sonos’s smart-speaker patents. The U.S. International Trade Commission affirmed an August decision that Google audio products infringed five Sonos patents and banned Google from importing “networked speaker devices” and devices that can control them like mobile phones and laptops. The…
Feds Moving to Ban Plastic Straws, Bags by End of 2022: Guilbeault
OTTAWA—It’s the end of days for plastic grocery bags and Styrofoam takeout containers in Canada. The federal government is publishing the draft regulations that will ban the manufacture, import and sale of six single-use plastic items that are difficult to recycle and have more environmentally friendly alternatives. Plastic stir sticks, cutlery, six-pack rings, bags and…
Ottawa Announces $28 Million to Help PEI Potato Growers Cope With Export Ban
December 21, 2021
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CHARLOTTETOWN—The federal government will spend $28 million to help Prince Edward Island farmers deal with a growing surplus of potatoes as an almost month-long export ban to the United States continues. Agriculture Minister Marie-Claude Bibeau told a news conference on Monday the funding will be used to create more potato processing capacity in Canada and…
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