Senegal’s Fiery Opposition Leader Ousmane Sonko Appointed Prime Minister

Senegal’s outspoken and combative opposition leader Ousmane Sonko was disqualified from running for president in the March 24 presidential election, but he had the last laugh on Thursday when his former lieutenant Bassirou Diomaye Faye appointed him as prime minister. Faye ran in Sonko’s place and won a resounding victory with over 54 percent of the vote.

Ousmane Sonko attends a press conference in Dakar, Senegal, March 15, 2024. Newly-elected

Report: Indian Traders Using Asian Currencies to Buy Russian Coal

Indian traders have reportedly been settling payments for Russian coal in currencies other than the U.S. dollar — including the Chinese yuan, the Hong Kong dollar, the United Arab Emirates (U.A.E.) dirham, and the euro — in an effort to skirt Western sanctions imposed on Moscow in recent months in response to its latest war with Ukraine, Reuters reported on Wednesday.

HAI'AN, CHINA - MAY 15 2022: A clerk counts renminbi banknotes at a bank outlet in Hai'an

China Claims Russia Increasingly Interested in Trade in Yuan

Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.

100 Chinese Yuan. close up

Report: Chinese Currency Soars on Hopes of Joe Biden Victory

The Financial Times (FT) reported on Friday that China’s currency, the renminbi, had its biggest rally in 15 years, driven by increased foreign demand and “rising expectations that a Joe Biden victory in next month’s U.S. presidential election could help reset relations between the two superpowers.”

china money 100 bank note background, business and finance concept