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Why Turkey and Erdogan are now the centre of Trump’s attention

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President Trump effectively said it himself. He went to Ankara to see President Recep Tayyip Erdoğan and made clear that he would not have made the journey for most other leaders. He also said plainly that he stood with Turkey. Those remarks matter because they reveal that the NATO summit itself was almost just a [...]

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Difficult Decisions: infrastructure choices, payments, sanctions and alternative networks

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Cross-border payments for the most part still run on SWIFT and old-school correspondent banking, but rules are now forcing banks to go real time. Since 9 January 2025, EU banks have been required to receive euro instant payments within 10 seconds, 24/7. By this October, they also need to be able to send them. That

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The Vanishing Banknote: a world without cash

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In 2025, consumers have more ways to pay than ever before, but not all options are created equal. While credit and debit cards remain the dominant method in many developed markets, mobile apps, QR codes and Buy Now, Pay Later (BNPL) services have surged in popularity, especially among the younger demographics. Mastercard’s 2024 report notes

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