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• US is confident that BRICS currency will not shake USD

  TL;DR Breakdown US Treasury Secretary Janet Yellen says the US remains confident in USD’s dominance, even amidst BRICS currency speculation. Yellen believes no immediate alternatives, including the proposed BRICS currency, can displace the dollar’s global standing. The BRICS currency proposal is a long-term ambition, not an immediate reality, aimed at strengthening individual national currencies. Description Despite ongoing speculation about the potential advent of a new currency proposed by the BRICS nations—Brazil, Russia, India, China, and South Africa—U.S. Treasury Secretary Janet Yellen continues to confidently underscore the enduring strength of the U.S. dollar. The conjecture surrounding this new currency, particularly the notion that it may be backed by gold, has done … Read more Despite ongoing speculation about the potential advent of a new currency proposed by the BRICS nations—Brazil, Russia, India, China, and South Africa—U.S. Treasury Secretary Janet Yellen continues to confidently underscore the enduring strength of the U.S. dollar. The conjecture surrounding this new currency, particularly the notion that it may be backed by gold, has done little to unnerve Yellen who firmly believes in the resilient position of…

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• Digital Euro proponents encounter political opposition

  TL;DR Breakdown Proponents of the Digital Euro are now encountering opposition in the political space. Crafting a compelling narrative and building trust. Description Proponents of a digital euro, a central bank digital currency (CBDC) for the European Union (EU), are encountering unexpected political opposition that presents a unique challenge. Unlike the typical technical and economic debates surrounding CBDCs, this opposition is grounded in concerns over privacy, government control, and even conspiracy theories. As central bankers work to promote … Read more Proponents of a digital euro, a central bank digital currency (CBDC) for the European Union (EU), are encountering unexpected political opposition that presents a unique challenge. Unlike the typical technical and economic debates surrounding CBDCs, this opposition is grounded in concerns over privacy, government control, and even conspiracy theories. As central bankers work to promote the advantages of a digital euro, they must also navigate this intricate political landscape. Digital euro faces political scrutiny EU officials have put forth several arguments in favor of a digital euro. They emphasize its usability across the EU, superior privacy compared to other…

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• Alibaba unveils AI tool for text-to-image conversion

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• Asian chipmakers’ nightmare is China’s export curbs

  TL;DR Breakdown China’s export restrictions on crucial chip materials are causing disruption in Asia’s semiconductor industry. These restrictions are a response to new Dutch regulations limiting the export of advanced chip-making machinery. Asian chipmakers are also struggling to access green energy, hindering their environmental goals. The combined challenges could reshape the future of Asia’s technological dominance in the chipmaking sector. Description A sinister specter is looming over Asia’s technological landscape. The region, renowned as a powerhouse for global chip production, now faces a new challenge that threatens to unhinge its dominance: China’s export restrictions. Chinese trade policies, particularly those regarding crucial chip materials like gallium and germanium, are sending tremors throughout the Asian semiconductor industry. A … Read more A sinister specter is looming over Asia’s technological landscape. The region, renowned as a powerhouse for global chip production, now faces a new challenge that threatens to unhinge its dominance: China’s export restrictions. Chinese trade policies, particularly those regarding crucial chip materials like gallium and germanium, are sending tremors throughout the Asian semiconductor industry. A balancing act: Trade and technology The…

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