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The Latest Breaking News from SWIFT

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.

Reuters

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.

Bangkok Post

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.

Reuters

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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.

AAP

Brazil Joins China’s Drive to Boost Yuan’s Global Use

Banco Bocom BBM becomes first lender in South America to join China’s yuan cross-border payments system CIPS, weeks after ICBC’s Brazilian branch was appointed the country’s yuan clearing bank

Caixin Global

‘No limits partnership’: Xi and Putin’s economic priorities

Chinese and Russian leaders expected to double down on economic cooperation during three days of meetings in Moscow.

Al Jazeera

Russia sets grain deal conditions, Putin suggests free grain for Africa

Russia laid out conditions on Monday for agreeing to any further extension of the Black Sea grain deal, and President Vladimir Putin said that Moscow could send free grain to African countries if those conditions were not met.

Reuters

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Swift gears up to feed the 1,500 as new staff facilities added to fuel leisure growth ambition

£2m cafe addition sees post-pandemic site investment top £10m for leading leisure home and vehicle producer

Birmingham Post

Swift fires up the excitement for adventure with TV debut

East Yorkshire manufacturer focuses on creating fabulous memories in 'Every Swift has a Story' campaign

Birmingham Post

Will Russia sanctions dethrone ‘King Dollar’?

A flood of nations is trying to cut dependance on the dollar, fearing ‘weaponisation’ by the US. But it won’t be easy.

Al Jazeera

Technology company accused of price fixes at mine sites

The corporate watchdog has launched legal action against a technology company over alleged price fixing and tender rigging at Rio Tinto and FMG mine sites.

AAP

What’s behind Iran and Russia’s efforts to link banking systems?

Tehran and Moscow have shown serious political will to expand economic ties, but challenges remain.

Al Jazeera

Iraqi PM Says Banking Reforms Reveal Fraudulent Dollar Transactions

Iraq's premier said Tuesday that new banking regulations had revealed fraudulent dollar transactions made from his country, as the fresh controls coincide with a drop in the local currency's value. Iraq has in recent months been making efforts to ensure its banking system is compliant with the international electronic transfer…

Asharq Al-Awsat

Recruitment agency opens new Black Country office

Swift Temps has moved to new premises as part of its growth plans

Birmingham Post

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Asharq Al-Awsat

Iran, Russia Link Banking System Amid Western Sanctions

A senior Iranian official said Monday that Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions as both Tehran and Moscow are chafing under Western sanctions. Since the 2018 reimposition of US sanctions on Iran after Washington ditched Tehran's 2015 nuclear…

Reuters

Iran, Russia link banking systems amid Western sanction

Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions.

Fortune

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Newcastle Herald

New office building planned for Hunter Street

The developers behind the Swift offices in Hunter Street have launched a second project just down the road.

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Benzinga

These 7 Cryptocurrencies Are ISO 20022 Compliant - Are They The Future Of Payments?

First of all, what is ISO 20022? ISO 20022 is an ISO standard for electronic data interchange among financial institutions. It describes a metadata repository containing descriptions of messages and business processes and a maintenance process for the repository content.

The Guardian - UK

Sue Fortescue obituary

Other lives: Linguist and IT specialist involved in ensuring the resilience of international banking systems at the millennium

Al Jazeera

Amid Western sanctions, China’s yuan has its moment in Russia

The Chinese currency is popular because of the ‘toxicity’ of the dollar and euro for Russians, say experts.

Birmingham Post

New 'tap and go' payment scheme for West Midlands buses

System is being developed over the next two years which will also cap fares for passengers

Benzinga

How Roxe Uses The Blockchain To Lower Cost And Transaction Times In Cross-Border Remittance

Benzinga is hosting a two-day crypto event at New York City’s Pier Sixty, Dec. 7-8, 2022.

The Hindu

Ukraine war has important lessons for us: IAF Chief

Irrespective of international treaties, friendship between countries will come second to a nations security, says ACM Chandhari

Daily Record

Celtic and Rangers on alert as landmark legal challenge could 'open the door' to cross border league

FC Swift Hesperange of Luxembourg have filed a claim against UEFA as they bid to join a proposed breakaway competition involving clubs from Belgium and the Netherlands.

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