Yuan surpasses yen in share of global currency payments - Swift data
The Chinese yuan overtook the yen as the currency with the fourth-largest share of international payments in November, for the first time since early 2022, according to transaction data compiled by global financial messaging service Swift.
The share of transactions involving the yuan among all currencies rose to 4.6% last month from 3.6% in October.
The figure was a record high for the yuan and surpassed the yen's 3.4%.
The last time the yuan ranked fourth was in January 2022.
The US dollar maintained its lead in November with 47%, followed by the euro and pound sterling with 23% and 7.15% respectively.
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619