🌟 [ 4 ] New BRICS Currency Can be a Severe Challenge for the US Dollar [ @Firstpost ]
New BRICS Currency Can be a Severe Challenge for the US Dollar | Vantage on Firstpost Amid the shifting geopolitical landscape, BRICS foreign ministers are pushing the boundaries, advocating for a multi-polar world that challenges the West s dominance. The potential use of alternative currencies is part of this vision. As the de-dollarisation trend gathers stream, the BRICS nations have sought guidance from the bloc s bank on the functioning of a potential new shared currency. How will this initiative affect the US dollar s dominance? Meanwhile, the United States and Taiwan have taken a significant step forward by signing a partial trade agreement. But, the pact doesn t address concerns over tariffs or Taiwanese complaints about double taxation in the US. Reacting sharply to the move, China has issued a warning to the United States. With the tensions rising between the US and China, will the pact do more harm than good? Also, China has restructured or written off loans worth $78 billion from 2020 to 2022. The pandemic and rising inflation have made it hard for debtor countries to repay loans. What does it mean for Xi Jinping s ambitious belt and road project? The Belgorod region near the Ukraine border has been in news. Since last month, it has repeatedly come under attack. These attacks are being carried out by people who say they are Russians. At least two groups have taken responsibility. They say the goal is to free Russia from the tyranny of president Vladimir Putin. Is Ukraine striking back? The US Air Force is pushing back on comments an official made last week in which he claimed that a simulation of an artificial intelligence-enabled drone tasked with destroying surface-to-air missile (SAM) sites turned against and attacked its human user, saying the remarks were taken out of context and were meant to be anecdotal. During a summit in London, Hamilton had cautioned against too much reliability on AI because of its vulnerability to be tricked an .
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