Author: Emily Pennink

It has been China’s long-held dream to dethrone King Dollar. Beijing got its first break after Vladimir Putin invaded Ukraine, and Russian lenders were deleted overnight from the messaging system that moves the world’s money. However, back in 2022, the yuan was nowhere close to confronting the hegemon. It would take four more years of preparation — and another war — to make it a contender.Read More

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One of the pillars of the global economy fell a few weeks ago, and practically nobody noticed. The 14th ministerial conference of the World Trade Organization ended its meeting in Cameroon last month declaring that, for the first time since in almost three decades, it had failed to reach consensus on a moratorium prohibiting customs duties on e-commerce.Read More

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