13057
EU Backs Cap
World Economy

EU Backs Cap

The European Parliament has backed a deal to cut costs for people who use debit and credit cards to shop, Euronews reported. EU officials want to cap the fees retailers pay to process card transactions as an increasing amount of customers are choosing to use cards rather than cash. If the accord is approved, there will be a 0.2% ceiling on the amount banks can charge.

 

Short URL : http://goo.gl/8Fz9VD

You can also read ...

Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.
Expectations for Turkey's end-2018 inflation rate rose from 12...
Trump Tactics Sabotaging US Economy, Markets
Wall Street could be making a costly mistake. According to...
File photo of finance ministers and central bankers from the G20 nations.
Global economic growth is poised to pick up this year, though...
Apple Watch Smells Losses
The latest round of US tariffs on $200 billion of Chinese...
Italian Bonds, Stocks Fall
Italian bond yields rose and equities sold off on Friday after...
Technology Can Help Workers From the Informality Trap
Technology and what it will do to change how people work is...
Moody’s Warns Philippines of Downside Risk
Debt watcher Moody’s Investors Service on Friday said the...
A weaker yuan remains a source of risk for global currency markets.
The Chinese yuan slid to its lowest in more than a year on...

Trending

Googleplus