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Cuba wins China debt relief, new funds

Cuba wins China debt relief, new funds

© Reuters. Cuba’s President Miguel Diaz-Canel attends a wreath-laying ceremony at the Monument to the People’s Heroes at Tiananmen Square in Beijing, China, November 25, 2022. Alejandro Azcuy/Courtesy of Cuban Presidency/Handout via Reuters By Marc Frank HAVANA (Reuters) – China has agreed to restructure Cuban debt and provide new trade and investment credits to the…

France’s Le Maire: Europe must defend its economic interests against U.S. subsidy package

France’s Le Maire: Europe must defend its economic interests against U.S. subsidy package

© Reuters. FILE PHOTO: French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire arrives for a meeting at the Elysee Palace in Paris, France, Nov. 8, 2022. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – France may try to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act but…

Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust

Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust

Despite an uneven year in the crypto markets, many market participants are unperturbed about the long-term health of the sector and say that legal frameworks in 2023 could restore trust in the industry.  “Crypto will recover,” Katherine Dowling, general counsel member at Bitwise Asset Management, said to TechCrunch. “This is not the death of crypto.”…

Brazil to allow credit fintechs to initiate payment transactions

Brazil to allow credit fintechs to initiate payment transactions

BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will in practice clear them to provide payment services to consumers and business establishments. To operate as payment initiators, fintechs currently need to open another company specifically for this purpose. With…