The 2024 Bangladesh Quota Reform Movement has led to significant economic losses, particularly in retail, garment manufacturing, tech, and e-commerce sectors. This article analyzes the disruption caused by the protests, its effect on Bangladesh’s economy, and identifies the beneficiaries of these losses.
The Chinese RMB has recently surpassed the Euro to become the second most-used currency in global trade, marking a significant shift in the global economic landscape. As China’s economic influence grows, questions arise about the potential of the RMB to challenge the US dollar’s dominance and the impact this shift will have on global markets. This article delves into the implications of the RMB’s rise, exploring its effect on China’s economy, the potential for it to overtake the USD, and the role of the BRICS currency initiative. It also examines how this development is altering global perceptions of the USD and what the future may hold for the international financial system.
On August 2, 2024, the United States and China finalized a significant trade agreement, marking a major step towards resolving long-standing trade disputes. The deal includes tariff reductions, enhanced intellectual property protections, increased market access, and commitments on currency transparency and environmental standards. This agreement is poised to stabilize global markets, improve supply chains, and potentially shift trade dynamics. While it represents progress in U.S.-China relations, its long-term success will hinge on effective implementation and ongoing geopolitical considerations.
