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Visa, Mastercard suspend operations in Russia

15 Sept 16:40 Key points summarised by AI

Visa and Mastercard announced the immediate suspension of all network services and transactions in Russia, citing the country's invasion of Ukraine.
The suspension means Russian-issued cards will no longer function outside Russia, and cards issued internationally will cease to work within Russia.
Russian banks, including Sberbank, downplayed the domestic impact, stating that Russian-issued cards will continue to operate normally within the country via a national payment system.
This action by the card payment giants is part of a wider corporate freeze-out, with numerous major US and international firms halting business in Russia.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.