Financial institutions are wary of Washington’s penalties for dealing with Moscow, according to MSP Bank Some Chinese banks are rejecting transactions from Russian banks on fears of being targeted by US secondary sanctions, the deputy CEO of Russia’s MSP Bank, Aleksey Potapov, revealed on Thursday, citing customers.
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American streaming service Netflix has seen a massive loss of $40 billion in market capitalization after the company reported its first customer decline in more than a decade. The company said the number of subscribers in its first quarter dropped by 200,000, falling well short of its forecast of adding 2.5 million subscribers. The suspension…
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