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Japan receives its first shipment of Mexican oil since the Iran war

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21 Hrs
Japan receives its first shipment of Mexican oil since the Iran war

Saudi Arabia's Producer Price Index Increases by 7.5% in May, Says Statistics Authority

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Saudi Arabia's Producer Price Index Increases by 7.5% in May, Says Statistics Authority

China's Economy Faces Sharp Slowdown Amid Oil Crisis Pressures

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22 Hrs
China's Economy Faces Sharp Slowdown Amid Oil Crisis Pressures

Investors Protection Association Develops Compensation Solutions for Affected Shareholders

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22 Hrs
Investors Protection Association Develops Compensation Solutions for Affected Shareholders

FIFA extends 2026 World Cup final break to 30 minutes, violating rules

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22 Hrs
FIFA extends 2026 World Cup final break to 30 minutes, violating rules
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Pix payment system challenges Washington’s influence by threatening the dominance of American companies in Brazil

Pix payment system challenges Washington’s influence by threatening the dominance of American companies in Brazil

The "Pix" system of the Brazilian Central Bank is the fastest transformation in Brazil's payment market in less than six years. It has become the most widely used method of payment across the country, utilized by about 80% of the population and accounting for 54% of payment transactions. In May alone, approximately 7.9 billion transactions were processed, amounting to $685.8 billion. The system has contributed to reducing transaction costs and increasing financial inclusion. However, it faces objections from the U.S. administration, which accuses it of discriminatory practices and the imposition of preferential fees. There are also concerns about a potential reduction in reliance on American card networks and the US dollar in international transactions.

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