Visa and Mastercard to Lower Merchant Fees U.S. payment giants Visa (V.N) and Mastercard (MA.N) are reportedly close to reaching a settlement with merchants that would reduce the fees merchants pay for credit and debit card transactions. According to the Wall Street Journal, the agreement would also give merchants more flexibility in choosing which cards

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Switzerland May Win Relief from U.S. Tariffs Switzerland could be nearing a respite from the 39% tariffs imposed by the United States on Swiss imports, according to a report by newspaper Blick. The potential breakthrough comes after a delegation of Swiss business leaders met with U.S. President Donald Trump, helping to thaw trade tensions between

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Argentina to Repurchase Sovereign Bonds and Build Reserves Argentina’s Economy Minister Luis Caputo revealed to investors in New York that the country intends to repurchase sovereign bonds and begin building foreign reserves, according to a report by Bloomberg News. This announcement comes as the Argentine peso continues to trade within its established currency bands, reflecting

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China’s Producer Price Index Shows Easing Deflation China’s producer price index (PPI) showed signs of improvement in October, with deflation moderating compared to previous months. According to the National Bureau of Statistics (NBS), the PPI fell 2.1% year-on-year, slightly better than the expected 2.2% decline in a Reuters economists’ poll. Although still negative, this marks

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China Suspends Export Ban on Key Strategic Materials China has officially suspended its export restrictions on several critical strategic materials to the United States, including gallium, germanium, antimony, and super-hard materials, according to a statement by the Ministry of Commerce. The suspension will be effective immediately and remain in place until November 27, 2026. The

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Honda Issues Major U.S. Vehicle Recall Over Wheel Detachment Honda Motor Co. has announced a recall of 406,290 vehicles in the United States due to a manufacturing defect that could cause aluminum alloy wheels to detach, creating a serious safety hazard on the road. The recall affects certain 2016–2021 Honda Civic models equipped with 18-inch

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Volkswagen Reports Resumption of Nexperia Chip Deliveries Volkswagen has confirmed that deliveries of Nexperia chips have resumed to the automotive industry after a period of significant supply disruption. According to Ralf Brandstaetter, Volkswagen’s board member for China, the initial shipments have already reached manufacturers, providing critical relief to the global automotive supply chain. The resumption

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China Grants Export Exemptions for Nexperia Chips China has announced exemptions to its export controls on Nexperia chips for civilian applications, signaling a major relief for the global automotive industry. The move comes after the Dutch government seized control of Nexperia, a key manufacturer of basic chips used in automotive electrical systems, citing concerns that

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Nexperia Resumes Chip Deliveries Amid Global Supply Chain Concerns Semiconductor manufacturer Nexperia has resumed some of its crucial chip shipments, providing a much-needed reprieve for the global auto industry. German officials have welcomed the move as a sign of de-escalation in the dispute surrounding the company’s ownership and European production operations. Nexperia, a Chinese-owned but

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Swatch Employees in Turkey Announce Strike Over Pay and Rights Workers at Swatch Group’s stores across Turkey are preparing to go on strike this Monday after unsuccessful negotiations over pay and workers’ rights. The industrial action will affect 16 directly operated Swatch stores, as well as two Omega stores, in major cities including Istanbul, Ankara,

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