international

International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational level. It involves cross-border transactions of goods and services between two or more countries.

Source: en.wikipedia.org

Russian Lawmaker Proposes Commission Fee Cap For Tech Giants

Russian Lawmaker Proposes Commission Fee Cap For Tech Giants
Russian Lawmaker Proposes Commission Fee Cap For Tech Giants
September 01, 2020  |  Cross-border Payments

Russian lawmaker Fedot Tumusov has submitted draft legislation to cut and cap the commissions for mobile app sales from giants like Apple and Google, Reuters...

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Re-Examining The Role Of Correspondent Banking
Re-Examining The Role Of Correspondent Banking
September 01, 2020  |  Banking

More money crossing borders digitally. Fewer correspondent banks to move that money. And the hallmark of that money movement — a lack of transparency and speed. What...

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Germany’s Parliament Announces Plans To Investigate Wirecard 
Germany’s Parliament Announces Plans To Investigate Wirecard 
September 01, 2020  |  Cybersecurity

As the criminal investigation into the collapse of Wirecard AG continues, the Bundestag (Germany’s Parliament) is planning to hold an inquiry into the payment company....

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Bitcoin Daily: Bank Of Korea Seeks Partner For CBDC Program
Bitcoin Daily: Bank Of Korea Seeks Partner For CBDC Program
August 31, 2020  |  Bitcoin

The Bank of Korea (BOK) is speeding up its efforts to create a central bank digital currency (CBDC) experimental program, The Korea Times reported. BOK...

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India’s GDP Shrinks 24 Pct In Second Quarter
India’s GDP Shrinks 24 Pct In Second Quarter
August 31, 2020  |  Cross-border Payments

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according...

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Flipkart Rolls Out B2B Marketplace
Flipkart Rolls Out B2B Marketplace
August 31, 2020  |  B2B Payments

Flipkart has rolled out its Flipkart Wholesale operations, which serves as a B2B marketplace for small businesses and shops. The offering is now available to...

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China’s Banks Lost Billions In Defaulted Loans, Set Aside Cash For More
China’s Banks Lost Billions In Defaulted Loans, Set Aside Cash For More
August 31, 2020  |  Loans

Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade, as the number of defaulted loans has skyrocketed since the onset...

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New China/US Cold War Fought Over X-Border Deals
New China/US Cold War Fought Over X-Border Deals
August 31, 2020  |  Cross-border Payments

Only a few decades ago, the Cold War was fought between the United States and the former Soviet Union by speeches, spying and the looming...

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