China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency.
peng song/Moment Collection/Getty Images
Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
Workers install solar panels for a floating photovoltaic solar plant in Germany in April 2022.
Photo by Ina Fassbender/AFP via Getty Images
The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.