IAEA Warned About Potential Anti-Iran ResolutionIran’s FM warned the UN nuclear chief that any resolution against Iran by the IAEA Board of Governors would prompt a proportional response from Tehran
Iran Condemns UK’s Rejection of Gaza Genocide ClaimsThe Iranian Foreign Ministry spokesperson criticized the UK for rejecting UN reports that clearly hold the Israeli regime responsible for genocidal crimes in Gaza
European leaders have approved an investment strategy rival to China’s Belt and Road Initiative as they have fallen behind. Alwaght- As China rapidly boosts trade ties with different countries across the world, the Europeans are now waking up and seek ways as they see a risk in the Chinese economic ...
With Russia now officially cut off from both the US dollar and the euro, the state-owned VTB Bank has offered its clientele the opportunity to open Chinese yuan savings accounts that yield a maximum interest rate of 8%. The country’s second-biggest bank has been hit by the Western sanctions aimed at ...
The allies plan to use the system to ease bilateral trade by circumvent the Western sanctions. Alwaght- Iran and Russia are discussing Tehran's recognition of the independent Russian MIR payment system, said Iran's ambassador to Moscow Kazem Jalali.
The negotiations are in their early ...
The Israelis are under the American pressure to scale down partnership with China. Tel Aviv is obedient. Alwaght- The honeymoon in relations between Israel and China is over. These are the words of the retired Brigadier General Assaf Orion who is the head of China desk at the Israeli National Securi ...
China’s President Xi Jinping has called for energy sales in yuan, a move which would weaken the US dollar’s grip on world trade. Alwaght- China’s President Xi Jinping has called for energy sales in yuan, a move which would weaken the US dollar’s grip on world trade.
Xi also&nb ...
The US dollar is losing its dominance as China and other revisionist powers are facilitating trade with national currencies. Alwaght- Important wars in history have always made many changes to the political and economic arenas, and this time the Ukraine war has introduced such changes to the world g ...
Yuan as an alternative. China has become a major rival for the United States, a rivalry that is increasing on many levels.
What is the role of China in the current state of affairs?
China has already a strong weight on global trade and whereas less so, in financial transactions. I was at the board ...
Pakistan is likely to pay for shipments of crude oil from Russia in Chinese yuan, local media reported on Saturday, citing government sources. The first cargo of 750,000 barrels is expected to dock as soon as in June. Pakistan is likely to pay for shipments of crude oil from Russia in Chinese yuan, ...
The US dollar’s share in global foreign exchange reserves has slowly declined for decades. However, amid its increasingly frequent use as a “coercion weapon” on a state level, the dedollarization trend has been gaining momentum, with US restrictions serving to ignite greater trade in local currencie ...
The BRICS bloc works to end the Western monopoly of the global security and economic institutions. Alwaght- As the world experiences new changes and developments, the political and economic groupings across the world take new forms.
In recent years, the China and Russia-led BRICS economic bloc has ...