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Yuan's global march gathers momentum

On April 10, the Bank of Russia, the country's central bank, made a stunning announcement. The yuan/rouble pair hogged a record 39 percent share of trading on the Russian currency market in March, it disclosed. The figure in itself may not appear stunning, but when seen in the overall context, the tectonic shift currently underway in currency markets would become apparent. ....

United States , Saudi Arabia , United Arab Emirates , Russian Federation , Zhang Jingjing , Xu Zaiyue , Pan Gongsheng , Lin Boqiang , Wang Jiaqiang , National Bank , Research Institute , International Monetary Fund , Natural Gas Exchange , Organization Of Petroleum Exporting Countries , Co Ltd , Credit Suisse , National Wealth Fund , China Institute For , Energy Policy At Xiamen University , People Bank , Central Bank , Saudi National Bank , Shanghai Petroleum , Silicon Valley Bank , Cross Border Interbank Payment System , Export Import Bank ,

"International Mobility in an Online World: A Case Study" by Nayiri Keshishi, Alexander Seal et al.

In recent years, obstacles to physical mobility, such as the Covid-19 pandemic, have hastened the turn towards online platforms for educational and social activities. Many study abroad programs have had to adapt to such circumstances and embrace virtual environments in the face of limited physical mobility. In this case study, we look at how one multi-university program, the UGPN Academy, was able to expand international student learning efforts despite travel limitations due, in part, to adapting to online communication technologies and environments. Through comparison of surveys administered to participants pre- and post-participation, students reported that having an online community as a source of social support, as well as learning about different experiences during a global pandemic, were two strengths of the program. In addition, students reported becoming more familiar with different online technologies as well as feeling more open to people from diverse backgrounds and interna ....

Higher Education , Covid 19 ,

RMB internationalization a long-term process

China needs to exercise caution while further opening up its financial sector due to two reasons. One, because it lacks well-developed financial infrastructure. And two, because the mismatch in the market-based exchange rate and interest rate and financial opening-up could destabilize its financial market. ....

South Korea , Saudi Arabia , United States , Republic Of Korea , European Union , Society For Worldwide Interbank Financial Telecommunication , Administration Of Customs , General Administration , Worldwide Interbank Financial ,

A Reality Check for the Renminbi

After years of speculation and false starts, it seems that the internationalization of the renminbi is well underway ....

United Kingdom , South Korea , Saudi Arabia , United States , South Korean , Vladimir Putin , People Bank , China National Offshore Oil Corporation , International Monetary Fund , President Vladimir Putin , China South Korea ,

CNN Fareed Zakaria GPS June 4, 2024 14:31:00

Having me first. you know, you say that one of the things we never understood about globalization was that it was never quite as widespread as people thought. describe what you mean. we tend to think of this as all encompassing, pervasive phenomenon around the world. but actually, when you look at the economic data, there s only about two dozen countries that have seen their economies transform with globalization over the last 40 years. and in contrast, you see dozens more 89 to be precise that saw trade as part of their economy, stay the same or even declined. so we ve had a good number of countries that have d globalized over the last 40 years, so it s not quite this phenomenon that has taken over this juggernaut that has taken over the world. and would you say the real story is regionalization, not globalization. explain what you mean. so when you look at those countries that did open up to the world and the companies that want abroad and we have seen internationalization you trade ....

Declare Globalization , Not Globalization , 32 Trillion , 2 Trillion ,