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While still small compared with other alternative payment methods, barter has been revived in Russia to circumvent Western sanctions and mitigate risks to payment agents. Several such operations were identified, including exchanges of Chinese cars for Russian grain and flax seeds for raw materials. Russia Returns to Barter Trade to Counter Crippling Western Sanctions Russia, … Read more
President Trump proposed using tariffs as economic weapons to stop the Ukrainian conflict, urging NATO countries to impose levies on China to halt its support for Russian actions. He also said he was ready to enact “major” sanctions on Russia. Trump Reveals His Hand: NATO Tariffs on China and Escalation of Sanctions Against Russia The … Read more
Soaring tensions over the U.S.–China trade deficit are colliding with BRICS challenges and supply chain risks, spotlighting deep economic vulnerabilities and fueling urgent debate on America’s global competitiveness. US–China Trade Deficit Draws Focus to BRICS Relations and Supply Chain Risks Mounting concerns over the U.S. trade deficit with China have reignited debate over whether the … Read more
The People’s Bank of China has continued to purchase gold to add to the country’s foreign reserves, according to official data. The purchase, albeit marginal, fuels China’s 10-month streak of acquisitions, even at record prices. China Continues to Purchase Gold Even at Record Prices Countries have started to turn to gold again, given the current … Read more
India’s biggest fuel buyer just sent a message with its wallet: Indian Oil Corporation deliberately skipped U.S. crude in its latest tender and shopped elsewhere. From Houston to Das: IOC’s Tender Tells a Bigger BRICS Story In a week when it could have tapped West Texas Intermediate, Reuters reported that Indian Oil Corporation (IOC) picked … Read more
Russian President Vladimir Putin and Chinese President Xi Jinping were briefly overheard discussing life extension during a live broadcast of Beijing’s Sept. 3 military parade, when comments about biotechnology, organ transplants and the possibility of greatly extended lifespans were captured on a hot mic. In the exchange, Xi reportedly said some predict people may live … Read more
A former governor of the People’s Bank of China warned against calls for the Chinese government to allow yuan‑based stablecoins, citing potential risks to financial stability. Geopolitical Context and U.S. Stablecoin Bills The former governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, has cautioned against parties urging the Chinese government to allow the … Read more
China is considering yuan-backed stablecoins as part of a new international strategy, signaling a major policy shift on digital assets. The move could reshape cross-border finance but faces hurdles from capital controls. State Council of China to Review Stablecoin Roadmap Amid Dollar Pressure China is weighing the launch of yuan-backed stablecoins in a bid to … Read more
China’s gold market showed relative price stability in July, though exchange-traded funds (ETFs) saw outflows, futures trading cooled, and first-half imports hit their lowest level since 2021, according to the World Gold Council (WGC). World Gold Council Data: H1 2025 Sees China’s Weakest Gold Imports in Four Years China’s gold market experienced relative price stability … Read more
President Donald Trump inked an executive order late Monday, granting another 90-day reprieve on steep U.S. tariffs targeting Chinese imports, a White House official told CNBC. The decision, according to CNBC’s report, landed just hours before the clock struck midnight, when the duties were set to roar back, threatening to reignite a trade clash between … Read more
