Tag Archives: US Dollar

05Sep/23

Africa Climate Summit: “opportunity” awaits

By Alister Doyle | Climate Correspondent

The Africa Climate Summit (ACS) is hearing a lot about “opportunities” for combating climate change on the continent that has done least to cause warming yet is most vulnerable to its harmful impacts.

The September 4-6 summit in Nairobi is a striking shift for African governments, who have berated rich nations for failing to meet a promise to mobilise $100 billion a year in climate finance by 2020. That year, it totalled just $83 billion. Continue reading

17Apr/23

Future of the dollar, as oil deals are increasingly done in other currencies

April 17, 2023 /Economy/ — The future of the dollar as the world’s reserve currency is uncertain. The dollar has been the world’s reserve currency for over 70 years, but there is a growing trend of countries using other currencies for oil deals. This trend is being driven by a number of factors, including the rise of China and other emerging economies, the increasing volatility of the dollar, and the desire of some countries to reduce their reliance on the United States.
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