The Renminbi is Unlikely to Displace the Dollar as a Global Currency

dailyfriend.co.za May 10, 2026 The Chinese renminbi is unlikely to become globally dominant OPINIONS    – LISTEN TO THIS On 29 April, outgoing Federal Reserve chairman Jerome Powell warned that political interference put at risk the central bank’s ability to pursue independent monetary policy, which he labeled as one of the reasons “why the US economy is the envy of the world”.  Central bank independence, Powell continued, … Continue reading The Renminbi is Unlikely to Displace the Dollar as a Global Currency

Trump’s Iran War Could Portend Recession

The Daily Friend April 12, 2026 Even with the current ceasefire, does the US and Israel war against Iran portend recession? Since US President Donald Trump and Israel’s Prime Minister Benjamin Netanyahu launched their war on 28 February, US stocks tumbled to a six-month low, interest rates rose and gasoline prices are up by $1.00 a gallon.  With only a trickle of oil and gas … Continue reading Trump’s Iran War Could Portend Recession