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Russian war in Ukraine bruises Baltics’ relations with China

Bloomberg China’s refusal to condemn Russia’s invasion of Ukraine played a role in Estonia’s decision to quit an Eastern European initiative that aimed to enhance relations with Beijing, the Baltic nation’s top diplomat said. “It was definitely a factor that we kept in mind when making the decision. Before that, we consulted with a series of allies,” Foreign Minister Urmas ...

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Mastercard faces backlash over instalment payments

  Bloomberg Mastercard Inc is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments. The payments giant has begun telling merchants and their banks that it will charge retailers 3% of a purchase price each time a consumer opts to use the new program, according to people familiar with the matter. ...

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Battered dollar has scope for a rally to new highs as risks swirl

  Bloomberg The dollar’s best days might still be ahead of it. While the greenback has tumbled as riskier assets have rebounded and demand for havens has ebbed, there’s potential for renewed political and economic risks to rekindle its strength. Add to that a dire outlook for Europe and prospects for even more policy tightening by the Federal Reserve, and ...

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