US dollar dominance to persist for decades despite challenges – Moody’s

The US dollar’s dominance in international trade and finance will persist for decades despite new challenges and even when a more multipolar currency system emerges it will be led by the greenback, Moody’s Investor Service said on Thursday. While the multi-decade fall in the dollar’s share of central bank reserves, simmering geopolitical tensions and growing […]

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China fails, bans American-made Micron chips due to ‘security risks’

China’s cyberspace regulator said on Sunday that products made by US memory chip manufacturer Micron Technology had failed its network security review and that it would bar operators of key infrastructure from procuring from the firm. According to China’s broad definition of critical information infrastructure, this could include sectors ranging from transport to finance. “The […]

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