China’s Digital Yuan mBridge Plan Challenges $7 Trillion Dollar Dominance

China’s Digital Yuan mBridge Plan Challenges $7 Trillion Dollar Dominance

A new platform to expand the reach of China’s digital yuan and other central bank digital currencies is moving closer to reality, raising eyebrows among some defenders of a system long dominated by the dollar. The Beijing-backed digital prototype for sending money around the world without relying on US banks is advancing so quickly that … Read more

UAE aims to mobilize global tech and space sectors for climate action ahead of COP28

UAE aims to mobilize global tech and space sectors for climate action ahead of COP28

ANI | Updated: Aug 05, 2023 19:25 IST Abu Dhabi [UAE], August 5 (ANI/WAM): Key UAE government entities have partnered to boost coordination between the advanced technology and space sectors. The collaboration is aimed at harnessing emerging technological innovations and developments to tackle global climate change.The Ministry of Industry and Advanced Technology (MoIAT), UAE Space … Read more

How the Mideast is preparing for post-oil, EV era of transportation

How the Mideast is preparing for post-oil, EV era of transportation

Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more