What is de-dollarization? Here's everything you need to know about rival countries' efforts to dethrone the greenback

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putin xi
China and Russia have spearheaded the de-dollarization movement over the past year.

Kim Kyung-Hoon/Reuters

The US spent $877 billion on military in 2022, a new report says — more than 10 times federal education spending

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US Military members
US Military members

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India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels

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Vladimir Putin
Russian President Vladimir Putin.

Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

Elon Musk warns against weaponizing currencies as the de-dollarization movement takes hold

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A man holds up dollar bills in a money exchange office in Istanbul, Turkey.
A man holds up dollar bills in a money exchange office in Istanbul, Turkey.

YASIN AKGUL/AFP via Getty Images

The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's 'only pathetic if no one wants what we offer'

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Guo Guangchang Fosun International
The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's "only pathetic if no one wants what we offer'.

REUTERS/Aly Song

China wants its AI to only say nice things about the communist party. Good luck with that.

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xi jinping, jiang zemin, hu jintao
China's President Xi Jinping (L) looks at former President Jiang Zemin and former President Hu Jintao taking seats during a military parade to mark the 70th anniversary of the end of World War Two, in Beijing, China, September 3, 2015.

Reuters

OpenAI competitors from China: Alibaba, Bytedance, Tencent, and others vie for a 'winner-take-all' AI market

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Jack Ma
Alibaba CEO Jack Ma.

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China walks back ambassador's claim that ex-Soviet states aren't real countries, a position that played strongly into Putin's hands

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Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023
Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before talks in Moscow, Russia, March 21, 2023

Sputnik/Sergei Karpukhin/Pool via REUTERS

Tim Cook is bullish on India being the new China for Apple. These 3 charts show there's a long way to go.

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Apple CEO Tim Cook gets selfie with visitors, during inauguration of
Apple CEO Tim Cook gets selfie with visitors, during inauguration of "Apple Store", first outlet opened in India, at Bandra-Kurla Complex on April 18, 2023 in Mumbai, India.

Anshuman Poyrekar/Hindustan Times/Getty Images

China doesn’t want US cars like Ford and General Motors. That’s a big problem for their futures.

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Good morning, readers. I'm Diamond Naga Siu, and I feel pretty behind compared to my peers.

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