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One of Russia’s top banks, VTB has become the first lender in the country to launch money transfers to China in yuan, sidestepping the global financial messaging system SWIFT. “The new reality is leading to a massive abandoning of the use of the US dollar and the euro in international payments,” VTB CEO Andrey Kostin…

Twitter’s new owner Elon Musk plans to lay off about half of the social media company’s employees in an effort to cut costs, Bloomberg reported on Wednesday, citing sources. According to the report, the cuts will affect about 3,700 of Twitter’s 7,500 staff. Employees being let go will reportedly be informed of the decision this…