Money

Loophole closed – Russia officially cut off

Published

2 years ago

March 28, 2022

ticker NEWS

Apple Pay will no longer support Russian card payment system Mir

This closes a loophole that let Russians continue to use the service amid economic sanctions put on the country, according to a report from Reuters.

Apple officially informed Russia’s National Payment Card System that it is suspending support of ‘Mir’ cards from Apple Pay

Since March 24, uploading new ‘Mir’ cards to the service has been unavailable.

The company also notes any Mir cards previously added to Apple Pay will stop working over “the next few days.

According to The Guardian, Mir is owned by the Central Bank of Russia and was established in response to the economic sanctions put on Russia after it annexed Crimea in 2014.

This follows a pause from Google Pay, with the Android tech giant also taking steps to cut ties with Mir.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending