Tag Archives: dominance

For the first time in modern history the East can be on equal terms with the West, as the global dominance of the US and its allies comes to an end, former British prime minister Tony Blair has said. Due to the effects of the Covid-19 pandemic and the conflict …

The US dollar is dealing with some of the same challenges that the British pound faced in the early 1900s, before it went into decline, Goldman Sachs said in a research note released on Thursday. The Wall Street bank warns that the greenback could lose its global dominance. According to …

Russian President Vladimir Putin has opined that the latest raft of unprecedented sanctions imposed on Russia by the US and its allies over the Kremlin’s military campaign in Ukraine, mark the end of an era. According to Putin, from now on the West will be losing its “global dominance” both …

Social media giant Facebook, now known as Meta Platforms, faces a class action lawsuit in Britain, seeking at least £2.3 billion (over $3.1 billion) in damages, over allegations the company had exploited users’ data for profit. The case is being brought by Liza Lovdahl Gormsen, a senior adviser to Britain’s …

The mega-mining entity has been formed by consolidating rare earth subsidiaries of state-owned corporations such as China Minmetals, Aluminum Corporation of China, and Ganzhou Rare Earth Group, according to a stock exchange filing seen by Bloomberg. Dubbed China Rare-Earths Group, the new enterprise is expected to ramp up the development …

Within the next three decades, China will surpass the US in every aspect of its economy, Vladimir Putin said, predicting that America will lose its position of dominance in finance and trade. Speaking to journalists at his annual end-of-year press conference on Thursday, Putin pointed out that “today, China’s economy …

China and Russia have been gradually moving towards such an arrangement since the Global Financial Crisis of 2008 revealed the risks of excessive reliance on the US. However, American economic sanctions against both Moscow and Beijing appear to have intensified the search for alternatives. Banking on Washington The American-centric financial architecture …

“I hope I am smart enough to sell it during the next major strengthening,” Rogers said, as quoted by Russian business daily RBK. The investment guru admitted that people still see the US national currency as a safe haven during bad times. However, another appreciation might even result in a …

The West African nation of Guinea has just experienced a military coup. Lieutenant-Colonel Mamady Doumbouya, with an elite segment of troops, has overthrown the government of Alpha Conde and seized power, a move that has been condemned by the African Union and China, with the latter demanding that the president …

Following the weekend’s G7 meeting, the NATO summit followed on Monday and predictably adopted a similar theme: China. Secretary-General Jens Stoltenberg denied that the West was in a “Cold War” with Beijing, but nonetheless proceeded to say China presented “systemic challenges” due to its rising capabilities, which posed a threat …