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…
Tag: international
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…
TikTok Scrutinized Over Security Concerns: Australia Bans App on Government Devices
SYDNEY – Australia has become the latest addition to the growing list of nations that have decided to ban the use of TikTok on government devices. The ban was initiated due to security concerns and follows close scrutiny of the…
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…
Philippines Caught in the Middle of US-China Conflict: A Closer Look
The Philippines has been a key US ally for many years, but its relationship with China has been strengthening in recent times. However, as tensions escalate between the US and China, Manila’s decision to draw closer to Washington could have…
