China is looking to challenge the dominance of the US dollar by promoting the use of the yuan in crude transactions. The petroyuan, as it’s called, is gaining momentum, particularly after Russia’s invasion of Ukraine, which triggered a larger embrace of the yuan for oil sales. Moscow has since become an Asian nation and has […]
Gold prices are expected to reach new heights as global banks struggle and the US Federal Reserve gears up for another interest rate decision. The precious metal could potentially break its all-time highs and remain at those levels, with some experts predicting gold will trade between $2,500 to $2,600 an ounce. Tina Teng from financial […]
Gold prices are expected to reach new heights as global banks struggle and the US Federal Reserve gears up for another interest rate decision. The precious metal could potentially break its all-time highs and remain at those levels, with some experts predicting gold will trade between $2,500 to $2,600 an ounce. Tina Teng from financial […]
New global trade alliances are being established. Trade settlement is a critical component of global commerce, facilitating the exchange of goods and services between nations. For many years, the US Dollar has been the dominant currency for trade settlement, with many countries using it as a reserve currency. However, in recent years, there has been […]
New global trade alliances are being established. Trade settlement is a critical component of global commerce, facilitating the exchange of goods and services between nations. For many years, the US Dollar has been the dominant currency for trade settlement, with many countries using it as a reserve currency. However, in recent years, there has been […]
Credit Suisse, one of the most prominent Swiss banks, has recently come under fire due to a series of financial mishaps. This has led to a significant decline in the bank’s valuation, with many top investors unwilling to invest more. In this article, we will take an in-depth look at the rise and fall of […]
Credit Suisse, one of the most prominent Swiss banks, has recently come under fire due to a series of financial mishaps. This has led to a significant decline in the bank’s valuation, with many top investors unwilling to invest more. In this article, we will take an in-depth look at the rise and fall of […]
The ongoing tension between Iran and Saudi Arabia has been a major source of instability in the Middle East for decades. However, recent developments have sparked optimism that the two regional rivals may be on the path towards reconciliation. While this would undoubtedly have positive implications for peace and stability in the region, it could […]
The ongoing tension between Iran and Saudi Arabia has been a major source of instability in the Middle East for decades. However, recent developments have sparked optimism that the two regional rivals may be on the path towards reconciliation. While this would undoubtedly have positive implications for peace and stability in the region, it could […]
On this Day (2 November, 682): Umayyad Caliph Umar ibn ‘Abd al-Aziz was born in the city of Medina. His father, Abd al-Aziz ibn Marwan, belonged to the wealthy Umayyad clan, while his mother, Umm Asim bint Asim, was a granddaughter of Caliph Umar ibn al-Khattab. Further, On this Day (2 November ‘971’): Sultan Mahmud Ghaznavi […]
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