Energy

How the West is helping Russia to fund its war on Ukraine

时间:2010-12-5 17:23:32  作者:Asia   来源:India  查看:  评论:0
内容摘要:Determining which products are Canadian isn't always easy however. "Sometimes labelling can be misleading," adds Mr Brayman.

Determining which products are Canadian isn't always easy however. "Sometimes labelling can be misleading," adds Mr Brayman.

It is all part of what has been described as a global arms race among the credit card companies that you are probably entirely unaware of – they are competing to outdo each other with bigger, better, bolder airport lounges.And while most of us don't have access to these lounges, experts say we are almost certainly helping pay for them. And they don't come cheap.

How the West is helping Russia to fund its war on Ukraine

"Yes, it's an arms race, and they're getting extraordinary," says Clint Henderson, the news editor at the flight and travel website The Points Guy. "From what we do know, we're talking up to tens of millions of dollars per lounge."Like the new [American Express-owned] Centurion lounge in Atlanta, I believe they spent about $100m to make that happen."Airport lounges aren't a new concept, and credit card issuers have long teamed up with airlines to offer branded credit cards with lounge access.

How the West is helping Russia to fund its war on Ukraine

But now the card issuers are building lounges themselves, as a way of directly appealing to card holders - and potential new customers too.JP Morgan Chase, American Express, Capital One, they're all now in the lounge - and lifestyle - business.

How the West is helping Russia to fund its war on Ukraine

For American Express this includes opening a high-end lounge in midtown Manhattan.

Its Centurion New York venue is located on the 55th floor of a skyscraper, with floor to ceiling windows offering sweeping views of New York, and fine dining and private bars.I have been a reporter for 25 years but this is one of the most intriguing stories I have ever covered.

Over the years, I had to keep quiet as the police investigation carried on.I received anonymous tip-offs and one of the criminals even sent me text messages from prison.

Three years after the trial, in April 2022, I was behind the scenes at the British Museum where the hoard was taken to be studied and valued.The jewellery is beautiful but it is the coins that have changed what we know about the history of England.

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