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Over the past two decades, China has built large infrastructure projects in almost every country in Africa, making Western powers uncomfortable amid wider concerns about Beijing’s investments across the continent. However, a deeper look shows that accusations of so-called debt trap diplomacy turn out to be unfounded.
China’s Rains Promise Ample Hydropower in a New Blow to Coal
Chinese Stocks Climb as Falling Covid Cases Boost Sentiment
Car-Sharing Startup Getaround Nears InterPrivate SPAC Merger
Sony Struggles to Make Enough PlayStations as Supply Disrupted
Musk-Twitter Deal Spread at Widest as Traders Doubt Takeover
Trump-Backed Mooney Defeats Fellow House Republican in Primary
IMF Committed; Army Ordered to Shoot: Sri Lanka Latest
Don’t Bother Paying Off Student Loan Debt Right Now, Advisers Say
BlackRock’s Star Trader Goes Net Short as Hedge Fund Loss Mounts
Nike Escalates Feud with StockX, Says Site is Selling Fake Shoes
Richmond Seeks to Move Last City-owned Confederate Monument
Made-in-China PC Rule Won’t Advance Nation’s Tech Prowess
Does Your Country Really Need Digital Cash?
Your 401K Is Bad. How Bad? You Don’t Need to Know
Don’t Expect Chinese Stimulus to Save the Global Economy
Mexico’s Hottest Resort Towns Struggle With Covid Travel Boom
Inflation Is So Bad Democrats Want Biden to ‘Do More’ for Midterms
Tokyo to Recognize Same-Sex Partnerships From November
Major League Baseball Settles Wage Suit by Minors’ Players
Lufthansa Apologizes for Blocking Orthodox Jews From Flight
Most Great Barrier Reef Coral Studied This Year Was Bleached
Europe Drafts $205 Billion Plan to Wean Itself Off Russian Fuels
A Monument to the Enslaved ‘Mothers of Gynecology’ Rises in Montgomery
The Fight to Feed the Ukrainian Resistance
Goodbye, Blue House: A New Center of Political Power Is Rising in Seoul
SEC’s Gensler Says Crypto Exchanges Trading Against Clients
Blue-Chip NFT Collections Hit Harder Than Bitcoin in Crypto Rout
Yellen Cites UST Breakdown While Calling for Stablecoin Rules
Pius Lukong and
The Central African Republic adopted Bitcoin in disregard of a decades-old agreement on a common currency with five of its neighbors, a regional monetary authority said.
The CAR’s announcement of the cryptocurrency as legal tender last month was made without consulting the Bank of Central African States. It goes against a “fundamental rule” that all six states of the Central African Monetary Union should use the CFA franc, Governor Abbas Mahamat Tolli said in a letter dated April 29 and seen by Bloomberg.