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Zelenskyy invites Slovak PM to Kyiv amid Druzhba oil dispute
europe4 hours ago

Zelenskyy invites Slovak PM to Kyiv amid Druzhba oil dispute

President Zelenskyy invited Slovak Prime Minister Robert Fico to Kyiv to discuss all issues after a week of tensions over the Druzhba pipeline, which has been out of operation for about a month. Hungary and Slovakia want access to inspect the pipeline; Fico argues EU exemptions cover the deliveries and Slovakia has halted some energy shipments to Ukraine in retaliation. The leaders also agreed to form a joint investigative team to assess the pipeline’s condition following a phone call.

via Euronews.com|
#druzhba#europe#fico
Fico warns Slovakia could cut Ukraine's electricity to force Russian oil shipments
world6 days ago

Fico warns Slovakia could cut Ukraine's electricity to force Russian oil shipments

Slovak Prime Minister Robert Fico said he would cut Ukraine's emergency electricity supply unless Kyiv restarts Russian oil shipments, accusing Kyiv and the West over Nord Stream tensions. The move underscores Slovakia's role as a key electricity supplier to Ukraine and follows Hungary's blocking of a related EU loan amid shared energy ties to Moscow.

via Euronews.com|
#electricity#fico#oil
Slovakia Boosts Gas Imports and Seeks Closer Ties with Russia
world5 months ago

Slovakia Boosts Gas Imports and Seeks Closer Ties with Russia

Slovakia, led by Prime Minister Robert Fico, is seeking to normalize and increase its energy relations with Russia, including boosting gas imports via the TurkStream pipeline, despite EU plans to phase out Russian fossil fuels. Fico opposes EU sanctions and plans to vote against the phaseout, emphasizing Slovakia's interest in maintaining energy cooperation with Russia. The move has drawn criticism from other European countries concerned about increased reliance on Russian energy and the implications for EU unity and policy.

via The Kyiv Independent|
#fico#gas-imports#moscow
Putin and Slovak Prime Minister Fico Discuss Energy and Independence in Beijing
world5 months ago

Putin and Slovak Prime Minister Fico Discuss Energy and Independence in Beijing

Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in Beijing, where they discussed Russia's war against Ukraine, energy cooperation, and Slovakia's independent foreign policy stance, with Putin emphasizing the importance of curbing Ukraine's access to reverse gas flows and criticizing Ukrainian strikes on Russian energy facilities.

via The Kyiv Independent|
#energy-infrastructure#fico#putin
Buy Now, Pay Later Loans to Start Affecting Credit Scores
business8 months ago

Buy Now, Pay Later Loans to Start Affecting Credit Scores

FICO is launching a new credit scoring model that will incorporate Buy Now, Pay Later loans, potentially affecting the credit scores of millions of Americans by providing a more accurate assessment of their creditworthiness, especially for younger and less established borrowers. However, adoption may be slow due to inconsistent data sharing among BNPL providers and credit bureaus, and concerns remain about the impact on vulnerable communities.

via ABC News - Breaking News, Latest News and Videos|
#business#buy-now-pay-later#consumer-loans
FICO to Include Buy Now, Pay Later in Credit Scores
business8 months ago

FICO to Include Buy Now, Pay Later in Credit Scores

FICO will now include buy-now-pay-later (BNPL) data in its credit scores with the launch of two new scoring models, reflecting the growing use of BNPL services and aiming to provide lenders with a more comprehensive view of consumers' repayment behaviors. While this move is seen as a modernization of credit scoring, there are concerns about the potential impact on borrowers' credit profiles due to late payments and 'phantom debt.'

via Axios|
#bnpl#business#buy-now-pay-later
"Decade-Long Streak Broken: Average Credit Scores Drop for the First Time"
finance2 years ago

"Decade-Long Streak Broken: Average Credit Scores Drop for the First Time"

The average FICO credit score in the U.S. has dropped to 717, the first decline since 2013, attributed to high interest rates and inflation leading to more missed payments and increased debt levels. Despite this, a 717 score is still considered good, but over 18% of Americans were at least 30 days behind on credit card payments in October 2023. To improve credit scores, individuals can focus on paying bills on time, increasing credit limits, and using services like Experian Boost™ to link on-time utility and phone payments to their credit report.

via CNBC|
#credit-cards#credit-score#debt