The U.S. dollar was rapidly losing its status as the world’s reserve currency Tuesday after five leading emerging economies, Brazil, Russia, India, China and South Africa (BRICS), agreed to work on a new global currency, Worthy News monitored.
Brazil and China have ditched the U.S. dollar and agreed to trade in their currencies as the greenback rapidly loses its status as the world’s reserve currency.
Leading experts warn that the U.S. dollar will soon lose its status as the “world’s reserve currency” after Russian President Vladimir Putin said Russia would start using China’s currency for international payments.
An organization called The Church at Planned Parenthood has agreed to pay a settlement of $960,00 in legal fees and damages for conducting what it described as “worship services at the gates of Hell” at a local Planned Parenthood abortion clinic in Washington state, the Christian Post (CP) reports.
The FBI has issued a bevy of $25,000 reward offers for information on the 2022 attacks against pro-life pregnancy centers in America.
Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market shed more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts.
Hungary’s controversial prime minister says his country will only consider ratifying NATO military alliance membership of Finland and Sweden next year.
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
Dutch Queen Maxima has come under pressure over embracing central bank digital currencies (CBDCs), which could enable governments to control people’s spending.
Britain’s embattled Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng on Friday and deleted parts of their economic package in a desperate bid to stay in power and reassure markets after financial turmoil.
Hurricane Ian, which has just devastated Florida and Puerto Rico, was the 15th billion-dollar weather and climate disaster to hit the US this year so far, Axios reports. Early estimates of damage from Hurricane Ian show insured losses of $53 billion to $74 billion.
The death toll of Hurricane Ian past 80, while residents in the U.S. state of Florida and the Carolinas faced recovery costs expected in the tens of billions of dollars.
The British pound plunged to an all-time low against the U.S. dollar Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits.