Can anything challenge the US dollar’s reign?
By DW
26 March 2023 |
5:19 pm
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
In this article
Related
2 Apr
Tsai Ing-wen's meeting with Kevin McCarthy on April 5 would be the first meeting between a US House speaker and a Taiwanese president on US soil. China has called the planned meeting a provocation.
2 Apr
The subject of the hit podcast series "Serial" and an HBO documentary was freed after his conviction was vacated last September. A US court has now reinstated the murder conviction.
2 Apr
FTX crypto exchange founder Sam Bankman-Fried is expected to be arraigned on the new indictment on Thursday, where he will likely plead not guilty. He now faces 13 charges in total after the November collapse of FTX.
2 Apr
Taiwan's President Tsai Ing-wen is making a stopover in the United States on her way to Central America. China has vowed to fight back if she meets any top US officials.
2 Apr
US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal, related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of Credit Suisse.
3 Apr
The influencer and self-described misogynist has been detained in Romania, along with his brother, in connection to a criminal investigation into sex trafficking.
2 Apr
This week, former Taiwanese president Ma Ying-jeou was on a trip through China as a private citizen, at the same time that Taiwan's current president, Tsai Ing-wen, was in the United States. Tsai's unofficial visit sparked diplomatic anger from Beijing, which considers the self-ruled, democratic island as part of its territory. We take a closer look.
8 Apr
Oxford-educated economist Jakov Milatovic has declared victory over incumbent Milo Djukanovic. His promise is to root out corruption and lead the country to European Union membership.
8 Apr
A massive storm system that brought numerous tornadoes has killed at least 21 people across the United States. High winds are still expected as the storms move northeast.
8 Apr
The monks in the Kyiv-Pechersk Lavra monastery of Ukrainian Orthodox Church have been accused of having links to Russia. The abbot of the monastery was placed under house arrest for 60 days.
5 Apr
Police have detained a suspect in connection with the blast that killed a leading war blogger in a cafe on Sunday.
Latest
3 hours ago
In a bold stride towards the cosmos, the concept of settling on Mars is no longer just a flight of fancy. A number of ambitious plans for Martian travel and colonisation are underway, but first, why not simulate the conditions on Earth?
3 hours ago
The mental health industry has been growing in India as awareness increases. But many who don't fit into social norms say their experiences seeking help have left them feeling invalidated.
4 hours ago
In Syria, the Islamic State group stands accused of executing a series of attacks targeting truffle hunters. Truffles, or 'sand truffles' as they're commonly known, grow in the desert and have become a sought-after commodity. FRANCE24's Observers team delved into this issue. Journalist Mahmoud Naffakh provides further insights.
4 hours ago
On World No Tobacco Day, we examine e-cigarettes, which are capturing a growing share of the market. Professionals in the sector insist that e-cigarettes facilitate the process of quitting smoking, even going so far as to claim that it's beneficial for public health overall. However, it's important to note that vaping can become an addiction in its own right.
5 hours ago
Leaders of the European Political Community — all European states with the exception of Russia and Belarus — are meeting in Moldova to discuss strategy over the conflict in neighboring Ukraine.
5 hours ago
Sudan's army suspended talks with a rival paramilitary force on Wednesday over a ceasefire and aid access, raising fears the six-week-old conflict will push Africa's third largest country deeper into a humanitarian crisis.