Russia has talked up the prospect of "de-dollarization," and Brazil floated the idea of a common BRICS currency at a summit of the bloc, which wants to challenge the West and reduce the prominence of the U.S. dollar in trade and finance. Little is likely to come of it, an expert tells RFE/RL.
Iran has accused Israel of being behind a failed plot to sabotage its defense industry and the production of missiles, state media reported on August 31.
That doesn’t mean anyone at Jackson Hole, where Federal Reserve chief Jerome Powell and his peers meet this week, is likely to declare mission accomplished.
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