China’s Economic Power Play: Can the Yuan Challenge the US Dollar’s Reign?

The United States dollar has been the world’s dominant currency for decades, but with the rise of China’s economic power, there is growing speculation that the Chinese yuan may someday take over as the world’s reserve currency. While this outcome…

Philippines and US Strengthen Military Ties Amidst Ongoing Tensions with China

The Department of Foreign Affairs (DFA) of the Philippines released a statement on Tuesday expressing its support for the Enhanced Defense Cooperation Agreement (Edca) between the Philippines and the United States. The DFA believes that the expansion of Edca signifies…

A New Era of Currency: Will the BRICS Gold-Backed Currency Replace the US Dollar?

The US dollar has been the world’s reserve currency for many years. It has been the standard for international trade and is used as a currency in many countries. However, the value of the dollar has been declining, and there…