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The Latest Breaking News from SWIFT

LDF government snuffing life out of KSRTC, putting employees in turmoil: KPCC

Despite the High Court’s order that the salaries of KSRTC employees be paid before the 10th of every month, the government paid only a part of last month’s salaries till now.

The Hindu

AI-powered drone beats human champion pilots

Swift AI used technique called deep reinforcement learning to win 15 out of 25 races against world champions

The Guardian - UK

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback.

Al Jazeera

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Shaken and stirred: Eight of London’s best new cocktail menus

Cocktail menus are a-changing. Drinks maestro Millie Milliken heads out to explore London’s best new offerings

Evening Standard

KSRTC’s bid to raise loan of ₹100 cr. by repledging SWIFT buses yet to evoke any response

The Hindu

KSRTC will stand on its own feet if idling 1,200 buses are run, says CMD

KSRTC can avoid dep. reliance by making 1,200 idle buses operational, generating ₹30 cr. revenue. This, along with avg. ₹210 cr. revenue, can help disburse salaries on time. Employees oppose 12-hr single-duty system, but it can help launch more services. List of absentees to be prepared before taking legal action.…

The Hindu

Black Sea grain deal in peril as UN, Turkey await Russia response

UN, Turkish officials awaiting Russian response as last cargo ship carrying Ukrainian grain leaves Odesa.

Al Jazeera

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The indie publishing mavericks shaking up the UK books world

Last year, all of literature’s big prizes went to small publishers. In a risk‑averse climate, edgy debuts and ‘tricky-to-sell’ foreign titles have found a home at the likes of Fitzcarraldo Editions and Sort Of Books

The Guardian - UK

KSRTC’s women bus drivers for SWIFT will soon be ferrying commuters around Thiruvananthapuram

Four women in Kerala are being trained to drive KSRTC's new fleet of 163 electric buses. Anila, Jisna, Sheena and Sreekutty are determined to take up the responsibility of ferrying passengers safely around the State. They are motivated to be independent and earn a living, and are proud to be…

The Hindu

US vinyl sales up 21.7% for first half of 2023, report finds

Vinyl boom continues with another major leap and Taylor Swift’s Midnights leading the pack

The Guardian - US

Zelensky calls for upgraded air defences after deadly Russian drone strike in north Ukraine

Ukrainian President Volodymyr Zelensky called for a major upgrade of anti-aircraft defences after Russian drones killed at least two people in the northern Ukrainian city of Sumy on Monday. Earlier, Zelensky made a joint call for the extension of the Black Sea grain deal with German Chancellor Olaf Scholz. Follow…

France 24

Swift and Chainlink exploring how to connect financial institutions to blockchains

The experiments are to determine whether private and public blockchains can play nice.

Fortune

Russia signals end to Black Sea grain deal in July if demands not met

Russia signaled on Thursday that if demands to improve its grain and fertilizer exports are not met then it will not extend beyond July 17 a deal allowing the safe wartime export of the same products from three Ukrainian Black Sea ports.

Reuters

UN concerned by lack of grain ships going to one Ukrainian port

The United Nations expressed concern on Monday that Ukraine's Black Sea port of Pivdennyi (Yuzhny) has not received any ships since May 2 under a deal allowing the safe wartime export of grain and fertilizer.

Reuters

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The Independent UK

African leaders to broach thorny issue of paying Russia for fertilizers in Kyiv and Moscow talks

A delegation of six African leaders set to hold talks with Kyiv and Moscow aim to “initiate a peace process” but also broach the thorny issue of how a heavily-sanctioned Russia can be paid for the fertilizer exports Africa desperately needs, a key mediator in the talks said

The Texas Tribune

House advances bill that could provide billions of dollars for new water projects and fixing aging infrastructure

The bill aims to create a water supply four times the size of Lake Livingston, one of the state’s largest reservoirs. But it may still be a “drop in the bucket” compared to the state’s needs.

The Hindu

Private bus owners in Kerala plan strike

Private bus owners in Kerala are planning a strike to press for their demands, including an increase in students’ ticket fares

Birmingham Post

Swift's sales hit record £300m as East Yorkshire leisure firm capitalises on staycation demand

Caravans, motorhomes and holiday homes are breaking records for Hull-area manufacturer

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Reuters

Exclusive-JPMorgan could process another 40 Russian grain export payments - sources

U.S. bank JPMorgan Chase Co could process another 40 Russian grain export payments, two sources said, as the United Nations seeks to save a deal allowing safe Black Sea exports of Ukrainian grain that Moscow has threatened to quit on May 18.

The Hindu

India, Russia to explore possibility of accepting RuPay and Mir cards

India and Russia will explore the possibility of accepting RuPay and Mir cards in each other’s country for hassle-free payments amid sanctions imposed by the West on Moscow.

Reuters

Russian envoy says no breakthrough on grain deal, Ukraine says Moscow blocking ships

Russia's envoy to the United Nations in Geneva on Wednesday said "no real progress" had been achieved in resolving issues raised by Moscow over the Black Sea grain deal, which is set to expire next month.

Reuters

Exclusive-US allowed JPMorgan payment route for Russian grain export

The United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but the arrangement was no substitute for reconnecting the bank to the SWIFT system, two Russian sources told Reuters.

Bangkok Post

The simmering movement towards de-dollarisation

In the hopes of pressuring Russia to capitulate, the United States implemented a series of punitive sanctions last year, freezing a whopping $300 billion of Russia's foreign currency reserves and booting major Russian banks from the interbank messaging service used for international payments, SWIFT.

Reuters

Factbox-What are the deals on Ukraine, Russia grain exports?

The extension of a deal allowing the safe Black Sea export of Ukrainian grain and fertilizers beyond May 18 hangs in the balance after Russia issued a list of demands linked to a related agreement on its own such exports.

AAP

NSW Swifts break through for first Super Netball win

The NSW Swifts have overrun the Queensland Firebirds in the fourth quarter to score a 74-71 win in Romelda Aiken-George's milestone game.

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