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Armenian banks to ditch Russian cards over US sanctions
Armenian banks to ditch Russian cards over US sanctions
Economy
by  AFP

Armenian banks on Friday said they would stop processing transactions made by Russian Mir payment cards due to Western sanctions imposed on Moscow for its invasion of Ukraine. In September 2022, the US Treasury Department threatened foreign banks with secondary sanctions for servicing Mir cards, a Russian card payment system.

Chinese tech giant Huawei says profits more than doubled in 2023
Chinese tech giant Huawei says profits more than doubled in 2023
Technology
by  AFP

Chinese tech giant Huawei on Friday said its profits more than doubled in 2023, as it ramps up efforts to bounce back a year that saw the company apparently defy US sanctions with the release of a high-end smartphone. The rise in profits follows a year in which the firm raised eyebrows in Washington with the release of its Mate 60 Pro smartphone.

Vietnam Q1 growth hits five-year high on strong exports
Vietnam Q1 growth hits five-year high on strong exports
Economy
by  AFP

Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports. A major global manufacturing hub, Vietnam also earned $93 billion from goods exports in the first quarter, up 17 percent year-on-year.