Tag

Swift

All articles tagged with #swift

business3 months ago

SWIFT's Blockchain Initiatives and Their Impact on Cross-Border Payments

SWIFT is exploring a new instant, fee-free cross-border payment system potentially utilizing blockchain technology and Ethereum's Layer 2 solution Linea, aiming to improve speed and reduce costs. This move could impact Ripple's XRP, which positions itself as a SWIFT alternative, but SWIFT's extensive global network remains a significant advantage.

technology1 year ago

"Apple's Swift Development Tutorials: A New Webpage Launch"

Apple has launched a new webpage called "Develop in Swift Tutorials" with step-by-step guides for developers learning to use Xcode, Swift, and Swift UI, aimed at beginners with no prior coding experience. The tutorials cover topics such as installing Xcode, creating projects, building apps, and experimenting with code. The content is organized into chapters and includes tutorials on data modeling and creating apps for visionOS, accessible through the Apple Developer portal.

opinion1 year ago

"The Taylor Swift Super Bowl Conspiracy: Unraveling MAGA Hysteria"

The "Psyop Bowl" conspiracy theory alleges that Taylor Swift and Travis Kelce are part of a plot to hypnotize Americans into reelecting Joe Biden through subliminal messages in Super Bowl commercials. This baseless claim, along with other unfounded theories, serves to engage and affirm rather than inform. In today's political discourse, there are few consequences for spreading nonsensical claims without evidence, while the consequences for being boring are severe. Conspiracy theories offer excitement and simplicity in a world that is often complex and disheartening.

international-relations2 years ago

Russia Rejects UN Bank Proposal, Stands Firm on Black Sea Grain Deal Demands

Russia has reiterated its demands for a return to the Black Sea grain deal, which it quit in July. The Kremlin insists that its state agricultural bank, Rosselkhozbank, and not its subsidiary, should be reconnected to the international SWIFT bank payments system. Russia claims that the deal has not been fulfilled and has been bombing Ukrainian ports and grain stores since quitting the agreement. The United Nations has proposed that a subsidiary of Rosselkhozbank could apply to SWIFT to enable access for the bank within 30 days, but Russia insists on the original agreement being fulfilled.

international-relations2 years ago

World Leaders Discuss De-Dollarization at BRICS Summit

The BRICS summit saw discussions on de-dollarization, with leaders expressing differing opinions on the matter. Brazil's President called for a common BRICS currency, while Russia's President Putin emphasized the irreversible nature of de-dollarization within the bloc. India's oil minister acknowledged the difficulty of overturning longstanding payment arrangements, and China's President Xi promoted reform of the global financial system without advocating for a replacement of the dollar. South Africa's finance minister dismissed the idea of a BRICS currency, favoring increased trade in local currencies instead. Economist Jim O'Neill criticized the notion of a common BRICS currency, citing political differences between China and India as a major obstacle.

international-relations2 years ago

JPMorgan Halts Russia's Grain Payments, Moscow Reacts

JPMorgan has reportedly stopped processing payments for the Russian Agricultural Bank, which was cut off from the SWIFT international payments system by the EU last year. JPMorgan had been handling some Russian grain export payments. The Russian Foreign Ministry called for the reconnection of Rosselkhozbank to SWIFT and the restoration of Russian companies' access to their foreign assets. The EU's top diplomat argued that Russia would benefit from higher food prices and increase its market share in the global grain market by limiting Ukraine's capacity to export.

finance2 years ago

JPMorgan Halts Grain Payments for Russia, Prompting Concerns

Russia has accused JPMorgan of halting the processing of payments for the Russian Agricultural Bank, as Moscow demands concrete actions from the US to facilitate the export of Russian grain and fertilizer. Russia has a list of demands that need to be met before it will return to a deal that allowed safe Black Sea exports of Ukrainian grain. One of the key requirements is the reconnection of the Russian Agricultural Bank to the SWIFT international payments system. While the US has promised to ensure Russia's food exports if the Black Sea grain deal is revived, JPMorgan's cooperation in processing Russian grain export payments has ceased.

international-relations2 years ago

UN Urges Putin to Extend Black Sea Grain Deal for SWIFT Access

UN Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend the Black Sea grain export deal with Ukraine in exchange for connecting a subsidiary of Russia's agricultural bank to the SWIFT international payment system. Russia has threatened to end the grain deal due to unmet demands, including the reconnection of the Russian agricultural bank to SWIFT. The EU is considering connecting a subsidiary of the bank to SWIFT specifically for grain and fertilizer transactions. Guterres has suggested extending the grain deal to allow time for this connection. The United Nations and Turkey brokered the Black Sea Grain Initiative in 2022 to address the global food crisis caused by Russia's invasion and blockade of Ukrainian ports.

international-relations2 years ago

Russia's Black Sea Grain Initiative in Jeopardy Amid Renewed Threats.

Russia has threatened to abandon the Black Sea Grain Initiative, a UN-backed deal that allows the safe wartime export of agricultural products from besieged Ukrainian ports. Moscow's demands include the return of the Russian Agricultural Bank to the SWIFT banking system. The exclusion of Russia from SWIFT severed the country from much of the global financial system. Lavrov also said that the deal is currently one-sided since Russian fertilizers have not been able to transit the same way Ukrainian grain has.