United States and China are seeking debt relief measures

Gesara.news » News » United States and China are seeking debt relief measures

Share via:

News Date: February 23, 2024

The United States and China are in frequent discussions to prevent emerging market sovereign defaults.
Talks include preemptive measures such as extending loan periods to ease the annual debt service burden of over US$400 billion for poor countries.
Ideas also involve increased financing from the World Bank and others to address high borrowing rates.
The aim is to implement these measures before countries default and enter formal restructuring talks with creditors.
The Treasury Department: "we talk frequently with China about sovereign debt concerns.
And we talk to many countries about how to make sure the international financial architecture is meeting low-income country financing needs".

U.S. Department of Energy unveils the Quantum Internet

The U.S. Department of Energy (DOE) unveiled a report that lays out a blueprint strategy for the development of a national quantum internet, bringing the United States to the forefront of the global quantum race and ushering in a new era of communications.
Source:www.anl.gov

The Petro-yuan announcement

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh.
President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.
China to use Shanghai exchange for yuan energy deals with Gulf nations.
China's President Xi Jinping said in Riyadh on Friday that China and Gulf nations should make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade.
Sources: reuters

Jupiter and Uranus, very rare align in conjunction

On April 20th of 2024, and in the days surrounding, Jupiter and Uranus will very rarely align in conjunction at 21 Taurus, a degree that governs national economies.
Symbolically speaking, Jupiter and Uranus together in this degree can represent a global collective of national economies along with an event or series of events that greatly benefits them all with strong revolutionary, collaborative and humanitarian themes being connected.
Source: www.starseedastrology.com

Zimbabwe will introduce gold coins

The Monetary Policy Committee resolved to introduce gold coins into the market as an instrument that will enable investors to store value.
The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels.
Also, the Reserve Bank of Zimbabwe (RBZ), announced the review of interest rates and statutory reserves.
The measures come to combat the depreciation of the local currency, soaring inflation, and the threat of economic recession.
Sources: www.rbz.co.zw

US Patent for Quantum computing in business problems

Accenture Awarded US Patent for Combining Classical and Quantum Computing with Potential to Address Previously Unsolvable Business Problems.
Quantum computing has the potential to solve complex business problems millions of times faster than classical computing by leveraging the properties of quantum physics to process multiple computing tasks in parallel.
Accenture new patent - U.S. Patent No. 10,095,981 - reveals how businesses could take advantage of the best aspects of both classical and quantum computing techniques to enable breakthrough solutions to problems that could not be solved before.
Sources: www.businesswire.com