By Andrea Shalal WASHINGTON (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “Dollar Dominance Monitor” said the dollar continued to dominate […]
By Andrea Shalal WASHINGTON (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “Dollar Dominance Monitor” said the dollar continued to dominate […]
Huawei Technologies expects HarmonyOS to break the dominance of Western mobile operating systems in mainland China after its next version ends support for Android apps. That iteration, called HarmonyOS Next, will be a “China-originated, independent and controllable” operating system, Richard Yu Chengdong, chairman of Huawei’s consumer business group, said at the company’s developer conference on […]
Following a D-Day memorial ceremony on June 6, French president Emmanuel Macron announced that France would furnish Ukraine with Mirage 2000-5 multi-role jet fighters by the end of the year, and train Ukrainian pilots how to operate them in France. Training of pilots and maintainers on French soil was due to begin within days, he […]
ByJan Nieuwenhuijs of Gainesville Coins Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the US dollar. Often […]
Eli Lilly (NYSE: LLY) shares have soared more than 87% over the past year, making this player look more like a growth stock than a slower-paced but steady pharmaceutical stock. Lilly sells a broad range of medicines, but what lately has struck the fancy of investors — and doctors and patients — is the company’s […]
(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang unveiled new software and services aimed at spreading artificial intelligence computing throughout the economy, a movement that he describes as a new industrial revolution. Most Read from Bloomberg The company — now best known for its AI accelerator chips in data centers — introduced new tools […]
By Alexander Winning JOHANNESBURG (Reuters) -South Africa was set to end three decades of dominance by the party that freed it from apartheid on Saturday, as voters angry at joblessness, inequality and power shortages slashed the African National Congress’s (ANC) share of the vote to 40%. A dramatically weakened mandate for the legacy party of […]
For three decades, power in South Africa has had a three-letter name: the ANC, or the African National Congress. The political party once led by Nelson Mandela has been a powerful symbol of liberation from white minority rule, attracting loyalty from millions of South Africans who remember life under apartheid. But after winning election after […]
Brooks Koepka will defend his title when Valhalla stages the 106th US PGA Championship from May 16th-19th. Here, we look at some of the main talking points ahead of the year’s second major championship. Can Scottie Scheffler maintain form? For the second time in three years, Scottie Scheffler wins the Masters Tournament. #themasters pic.twitter.com/hVKptJoGyp — […]
Given Starbucks‘ (NASDAQ: SBUX) disappointing fiscal second-quarter results, it would be easy to presume the worst for the entire prepared-beverage business. The coffeehouse chain‘s overall revenue for the recently ended quarter was down 2% year over year, while same-store sales slumped 4%. Total comparable transactions were down 6%. All these numbers fell short of estimates. […]
Max Verstappen continued his crushing dominance of Formula One by taking pole position for the Miami Grand Prix. Four hours after racing to victory in Saturday’s sprint race, Verstappen saw off the challenge from Ferrari at the Hard Rock Stadium to retain his perfect record in qualifying this season. Verstappen’s latest one-lap triumph marked his […]