Tue, 21-Oct-2025

Chad declares ‘food emergency’, urges international help

Chad

The government calls on all national and international partners to help. The United Nations has warned that 5.5 million people in Chad. The WFP in March estimated that 2.1 million Chadians face “severely food crisis” Chad declared a “food emergency” on Thursday, pleading with the international community to assist the impoverished landlocked country. The appeal … Read more

Visa, Mastercard, Amex block Russian banks after sanctions

mastercard

NEW YORK: US credit card giants Visa, Mastercard and American Express said they were blocking Russian banks from their payment networks following international sanctions in response to Moscow’s invasion of Ukraine. “As a result of sanction orders, we have blocked multiple financial institutions from the Mastercard payment network,” Mastercard Chief Executive Michael Miebach said in … Read more

Russia’s central bank hikes key rate to 20%

Russia’s central bank

MOSCOW: Russia’s central bank announced on Monday it was raising its key interest rate to 20 per cent from 9.5 per cent as the West pummelled the country with sanctions over Moscow’s invasion of Ukraine. “The Bank of Russia’s board of directors has decided to raise the key rate to 20 per cent,” the central … Read more