Search Results for: Shanghai

Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor

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Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc “would accelerate the bilateral trading being conducted using the yuan as the trading currency. ” How Saudi Arabia Joining BRICS Could Boost…

World’s Largest Regional Organization to Switch to Settlements in National Currencies

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A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a…

Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed

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Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the…

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

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Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, les…

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

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According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries…

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

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China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March,…

Signaler: La Chine deviendra un leader technologique du métaverse au cours 2023

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A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (IA), virtual reality (VR),…

Le protocole Lido révèle des plans pour la fonction de retrait avant le hard fork d'Ethereum à Shanghai

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Alors que la communauté Ethereum se prépare pour le prochain hard fork de Shanghai en mars, l'équipe de développement du projet de jalonnement liquide Lido a révélé son intention de créer une fonction de retrait dans le protocole. Lido’s team is seeking community feedback on the proposal that would…

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

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Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several…

Le Népal se prépare à émettre une monnaie numérique, Rédige les modifications nécessaires

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Un groupe de travail au Népal a proposé des changements juridiques permettant au pays’la banque centrale va émettre sa propre monnaie numérique. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the…