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The US dollar's position as the world's primary reserve currency has endured for over eight decades, weathering numerous economic crises, geopolitical shifts, and challenges from emerging economies. Despite periodic predictions of its decline, the greenback continues to dominate international finance, trade, and central bank reserves. Understanding why this supremacy persists requires examining the complex interplay of historical, economic, and institutional factors that reinforce America's monetary hegemony.Historical foundation and the Bretton Woods LegacyThe dollar's reserve currency status originated from the 1944 Bretton Woods Agreement, which established a new international monetary system...

ROMEItalian Premier Giorgia Meloni and EU Commission President Ursula von der Leyen on Friday co-chaired a summit in Rome focused on strategic investments for Africa, announcing EU-Italy shared agreements worth €1.2 billion ($1.38 billion).The two leaders reaffirmed their common ambition to deliver “impactful partnerships, drive high-quality investments, and unlock opportunities for African-led sustainable growth – anchored in mutual respect, long-term collaboration, and shared prosperity,” they said in a joint statement. The Rome event was attended by African leaders from Angola, Democratic Republic of Congo, Tanzania, and Zambia, including the chairperson...

TOUAX PRESS RELEASE        Luxembourg, 12th June 2025 – 5:45 pm EIB provides finance for Touax Rail’s investment plan Touax has announced a €50 million green loan – a loan that is entirely dedicated to climate action – from the European Investment Bank (EIB) for the freight railcars part of its business. The EIB, which is the EU climate bank, is backing Touax’s sustained commitment to clean freight transport by supporting the Touax Sustainable Transportation project. Touax Rail received the loan on 30 April 2025 with a term of 14 years, providing the company with the...