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A suffix (part of an acronym) is common to the following cities in the world of business with respect to something that usually happens at around 11 am of a business day in their respective timezones.

They are: Tokyo, Johannesburg, London, and Singapore. Paris, Helsinki, and Frankfurt used to have this too, but later merged into "Euro".

One of these cities was dragged into disrepute in June 2012. What's common, or what is the suffix?

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This day last year: Q.308

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In Jan 2017, Finland became the first country in Europe to officially experiment with this socio-economic concept. Similar experiments are scheduled for many Dutch cities and the Canadian city of Ontario in 2017. In the case of Finland, the figure is 560 Euros a month. What concept?

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