PayPal has expanded their services in Ukraine, with the company allowing users to send money to Ukrainians in the country as well as those seeking refuge across Europe
Previous rules only allowed Ukrainians to send money abroad but the new changes will allow Ukrainians to also receive funds and make transfers within the country.
This follows the Ukrainian government’s request to PayPal to make its services available to its citizens.
The country’s vice prime minister thanked the company on Twitter for supporting Ukraine and peace.
Only last week PayPal withdrew it services from Russia in a show of solidarity towards Ukraine.
The company has also said they will waive fees on transfers of funds to Ukrainian accounts and for those receiving funds in Ukrainian accounts until the end of June.
The money within the PayPal account an then be moved into the receiver’s local banked or can otherwise be used as a virtual Visa or Mastercard.
Since Russia invaded Ukraine, many anti-war supporters have searched for ways to help those in the Eastern European country.
Some have booked Airbnbs in the country or sent cryptocurrencies, with money transfer companies including Western Union seeing demand skyrocket.
Xi Jinping is taking over China’s sharemarket
China’s economy sees President Xi Jinping asserting control over its sharemarket, a move raising eyebrows globally.
Xi’s government has unveiled a series of measures aimed at consolidating authority over the country’s stock market, signalling a desire for greater economic stability and control.
The reforms include stricter regulations for listing on Chinese stock exchanges, with companies needing to meet more stringent criteria to go public.
Additionally, the government is increasing its oversight of foreign listings by Chinese firms, a move seen as an attempt to prevent capital flight.
Investors worry as Tesla misses targets
Tesla reported lower-than-expected quarterly deliveries, sending its shares into a downward spiral.
The EV giant’s stock tumbled as investors expressed concerns over the company’s ability to meet its ambitious growth targets.
In the third quarter of this year, Tesla delivered a total of 220,500 vehicles, missing Wall Street’s estimates.
This disappointing performance raised doubts about the company’s ability to keep up with the soaring demand for its EVs, especially as competitors continue to enter the market. #featured
Is the housing market surge a bubble waiting to burst?
The housing market has witnessed a remarkable surge in home sales, driving property prices to unprecedented highs.
Despite the ongoing economic challenges, the real estate sector appears to be thriving, leaving experts and homeowners both astonished and hopeful.
Over the past year, the real estate landscape has been anything but predictable.
But the surge in demand has been met with a limited supply of available homes.
Builders have struggled to keep pace with the soaring demand, making the situation worse. #featured
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