this post was submitted on 16 Feb 2026
47 points (100.0% liked)

World News

53821 readers
2542 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks

UK bank bosses will hold their first meeting to establish a national alternative to Visa and Mastercard, amid growing fears over Donald Trump’s ability to turn off US-owned payment systems.

The meeting, chaired by Barclays’ UK chief executive, Vim Maru, will take place this Thursday and bring together a group of City funders that will front the costs of a new payments company to keep the UK economy running if problems were to occur.

The City-funded, but government-backed, initiative has been under discussion for years. However, Trump’s recent threats against Nato allies over Greenland have amplified concerns that an over-reliance on US companies could put UK payments – and the wider economy – at risk.

About 95% of UK card transactions are made using payment systems owned by Mastercard and Visa, according to a 2025 report by the UK’s Payment Systems Regulator. That dominance has become far more relevant as cash use across the country continues to decline.

MBFC
Archive

top 3 comments
sorted by: hot top controversial new old
[–] UnfortunateShort@lemmy.world 15 points 1 hour ago (2 children)

If only there was some kind of Union next door that is trying to do exactly this

[–] warm@kbin.earth 5 points 1 hour ago

Yeah, would be stupid of the UK to not try and negotiate with the EU about being involved.

[–] zaphod@sopuli.xyz 5 points 1 hour ago

They're still part of SEPA, shouldn't be that hard for them to join Wero. Even if they weren't part of SEPA, Wero is an just an initiative between european banks, doesn't have anything directly to do with the EU.