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Tuesday 4 April 2023

China, Brazil to trade in local currencies, dump US dollar !

Gaining recognition: A person holds Chinese yuan banknotes. More economies are willing to use the yuan in clearing and payments, which is a significant step for the Chinese currency to internationalise. — Reuters

 Dump Your USD!!

 
 Why the World Is Dumping the American Dollar | Vantage with Palki Sharma. China and Brazil have struck a deal to trade in their local currencies instead of the US dollar. They joined a long list of countries including Saudi Arabia, Kenya and India. Why is the world attempting to de-dollarise? Palki Sharma decodes
 
 
HAINAN: The Chinese yuan is speeding up in expanding its global use, a trend that will help build a more resilient international monetary system, one that is less dependent on the US dollar and more conducive to trade growth, experts say.

They commented after China and Brazil – two major emerging economies and BRICS members – reportedly reached a deal to trade in their own currencies, ditching the US dollar as an intermediary.

The deal will enable China and Brazil to conduct their massive trade and financial transactions directly, exchanging the yuan for reais and vice versa, instead of going through the dollar, Agence France-Presse reported last Wednesday, citing the Brazilian government. The report comes amid the rising global use of the yuan.

China’s first cross-border yuan-settled liquefied natural gas transaction was completed last Tuesday, after the Export-Import Bank of China achieved the first yuan loan cooperation with the Saudi National Bank, the largest bank in Saudi Arabia, earlier this month.

Zhu Min, vice-chairman of the China Centre for International Economic Exchanges, said the trend is underway that more economies are willing to use the yuan in clearing and payments, which is a “significant step” for the Chinese currency to internationalise and reflects the international community’s growing trust in it.

The financial sanctions adopted by the United States since the start of the Ukraine crisis have triggered a “crisis of confidence” for the dollar to some extent, boosting the global use of other currencies, including the yuan, Zhu said on the sidelines of the Boao Forum for Asia Annual Conference.

Zhou Maohua, a macroeconomic analyst at China Everbright Bank, said the use of local currencies in bilateral trade will be a win-win situation for China and Brazil, reducing the risk of exchange rate fluctuations facing foreign trade companies, and thus boosting trade growth.

In February, China and Brazil signed a memorandum of understanding on setting up yuan-clearing arrangements in Brazil, which is deemed by experts as a necessary infrastructure for the two economies to trade in local currencies.

The arrangements will help the two countries’ enterprises and financial institutions use the yuan for cross-border trade, and facilitate bilateral trade and investment, Foreign Ministry spokeswoman Mao Ning said.

Financial infrastructure associated with the internationalisation of the yuan should be further improved, said Pan Gongsheng, vice-governor of the People’s Bank of China, the country’s central bank, in early March.

The nation will further improve its trading and settlement system for cross-border investment and financing using the currency, Pan added.

“I think yuan internationalisation will likely accelerate,” said Hong Hao, chief economist at GROW Investment Group, a China-based global asset management company, underlining that the recent developments indicate that an alternative monetary system outside the US dollar hegemony is being developed. — China Daily/ANN 

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 China sees an upsurge of diplomatic visits

China has recently seen an upsurge of visits by political dignitaries of multiple countries to China. See the infographic for more.
 
 
China's hyperspectral satellite for Earth observation is now operational after completing in-orbit tests, offering advanced capabilities that combine spectra with images to detect various ground objects and specific atmospheric components xhtxs.cn/Gtu
 
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When Will the U.S. Dollar Collapse?

Always have a backup plan , Don’t hoard data

Save it or lose it

Don’t wait until it’s too late – backing up your digital memories now will ensure that you have the chance to cherish them forever.

 


 It’s a mis­con­cep­tion that back­ing up data is a com­plex pro­cess, as there are plenty of user-friendly tools, accord­ing to david. — palo alto net­works

   

San­tam­aria recom­mends dis­con­nect­ing the backup stor­age medium from the inter­net for bet­ter secur­ity. — Folio photon­ics 

 

d’hal­luin says fig­ur­ing out what data needs to be backed up is a top pri­or­ity. — datadobi

 

With everyone logged in to the digital world and with the widespread use of smartphones, it’s surprising how little attention has gone towards preserving digital memories.

to remind everyone of its importance, it was World Backup Day on Friday, March 31, which has been celebrated since 2011.

World Backup Day originated from a Reddit post by a user lamenting the loss of content on a hard drive after having overlooked backing up its data.

if this sounds familiar, consider taking steps to keep your files safe since you never know when they could just disappear, as hardware failure is unpredictable.

Duplicating data

in short, a backup means copying data from a device to another location, be it a thumbdrive, an external hard drive or a cloud service.

But this isn’t limited to just data files, as operating systems can be backed up too so that you have a restore point in case the hard drive or solid-state drive (SSD) it is installed on fails or gets corrupted.

Palo Alto Networks’ Asean system engineering head, David Rajoo, says, “Backing up your data is crucial in today’s digital age, but it’s often overlooked, especially by non-tech-savvy individuals.

“Common misconceptions include thinking that backups are time-consuming and complicated.

“however, incorporating backups into your daily routine or opting for user-friendly solutions can simplify the process.

“it’s vital to consider various storage options as hard drives can fail, resulting in data loss.

“Cloud storage is a popular option, with the added benefit of having remote access and coming with various storage plans,” he says.

Most would be familiar with cloud storage services like Google Drive, which can be used to automatically sync files on a computer or smartphone to the cloud.

there are other alternatives, like Onedrive and Dropbox, which offer free and paid plans, but Drive is one of the more generous ones, offering 15GB at no cost.

this might sound like a lot, but for those with extensive libraries of content like ripped CDS and Blu-rays, that’s definitely not going to be enough.

identifying what’s important before backing up is key, according to Carl D’halluin, chief technology officer of Datadobi.

“Failing to backup your data can have catastrophic consequences, as a single hardware failure, cyberattack, or natural disaster can wipe out all your valuable information, leaving you with no way to recover it.

“this means that years of hard work can all be lost in an instant, with no chance of retrieval.

“identifying the vital data that requires protection should be the first step in the process,” he says.

those primarily using Android smartphones can rely on Google Photos, which syncs images, and icloud for Apple devices, as it’s tightly integrated into the company’s ecosystem.

Modern Android devices also tend to have built-in support for cloud services like Google Drive and Samsung Cloud, though these are limited to files and apps and not the operating system.

those in the custom Android ROM community will be familiar with recovery firmware like TWRP that can be used to create a Nandroid backup to restore the operating system and apps to their previous states.

the same can be said for both MACOS and Windows, though Microsoft hasn’t updated its tool for a long time.

the built-in backup tool is hidden away in the control panel of Windows 10 and 11 and is specifically marked as for Windows 7, with even Microsoft recommending that users shift away from the backup tool.

Popular alternatives among enthusiasts include the free AOMEI Backupper and the paid-only Macrium, which allow users to select a drive (in this case, the one the operating system is installed on) and create a backup image periodically or on demand.

this backup can be used to restore the operating system when the need arises.

Apple’s time Machine can similarly be used to create system images of MACOS, and the process can be scheduled.

An external drive should first be plugged into the Mac and selected as the backup drive – once done, it will be exclusively used to store backups.

the backup, which can be configured in system settings, allows users to select the drives to be backed up, the backup frequency, and exclude files to save space.

Apple recommends that the backup drive have at least double the storage of the drive being backed up.

By the numbers

A popular strategy adopted by the industry is the 3-2-1 backup rule, which was brought up by David.

“When creating a backup strategy that works best for you, it’s important to prioritise which data to back up first.

“the most crucial data to prioritise are the types of data that are difficult or impossible to replace if lost, such as photos and videos of important memories, work documents, and financial data.

“Once you’ve determined which data needs to be backed up first, following the 3-2-1 backup rule is recommended.

“this rule involves having three copies of your data, with two on different media types and one stored offsite,” he says.

For instance, if you own a desktop or laptop, you should back up your data to an external drive and the cloud.

Most external drives are compact and can be had for cheap these days. if money is no object, you could invest in networkattached storage that will also give you remote access to your files, but this also requires more work.

this will ensure that you have a local copy if something goes wrong, allowing you to get your data back in the fastest possible time.

And having your data on the cloud will ensure that your data is safe should you lose both your local storage due to, say, fire or flood.

Leaving the secondary local storage (like an external drive or thumbdrive) disconnected from the internet also serves as an added security measure.

According to Steven Santamaria, CEO of Folio Photonics, a well-designed data protection strategy should look into both physical and digital security to safeguard critical data.

“the most effective data protection strategy should also incorporate a data storage platform that can be securely archived in an offsite location, with the added benefit of being taken offline for even greater security.

“this means that the storage platform is physically separated from the main network and disconnected from the internet, making it resistant to cyberattacks and other forms of data breaches,” he says.

David recommends taking the extra step of encrypting the backup data.

“Although this may seem daunting, many backup services include encryption as part of their package.

“By encrypting your backups, you can protect your data from unauthorised access in the event of theft or loss.

“Ensure your backup data is password-protected, and avoid using simple passwords or commonly guessed words.

“For cloud-based backups, consider using two-factor authentication to add an extra layer of security.

“this involves requiring a password and a secondary authentication method, such as a fingerprint or a code sent to your phone,” he says.

he concludes by saying that it’s also vital to ensure that the backups are virusfree by scanning the system with reputable antivirus and anti-malware software before backing up. 

By CHRISTOPHER FAM lifestyletech@thestar.com.my  

Don’t hoard data

 

The digital Cleanup day initiative is intended to get users into the habit of sorting and discarding unwanted data while being mindful of the ‘digital waste’ they are generating. — Freepik.com

Due to cloud services, people can store seemingly infinite amounts of data without worrying about using up physical space on their personal devices.

However, Estonia’s Let’s Do It Foundation wants users to think about the environmental impact of hoarding data.

Last month, it launched the Digital Cleanup Day initiative to get users into the habit of sorting and discarding unwanted data while being mindful of the “digital waste” they are producing.

According to the foundation, “This digital waste creates digital pollution that continues to consume energy even when we have forgotten it.

“Digital trash sits in the backups on servers that provide us with cloud service and continue consuming electricity.”

The International Energy Agency estimates that data centres and data transmission networks are responsible for nearly 1% of energyrelated greenhouse gas emissions.

The United Nations Sustainable Development Goals listed reducing greenhouse gas emissions as part of a crucial measure to lessen the impact of climate change.

It raised concerns that droughts brought on by rising temperatures may displace 700 million people by 2030.

A 2020 report by the United Nations Environmental Programme (UNEP) called for the large-scale adoption of environmentally responsible online behaviour, which it said was vital for “combating climate change and promoting sustainability”.

Habits it recommends include deleting non-essential content on cloud services or when the data is no longer needed.

Users should also optimise their cloud storage by identifying and deleting duplicate content – most cloud services either offer tools for this or do it automatically.

On devices like the iphone, the Photos app can be used to find duplicate images and videos.

Tapping on Albums and clicking on Duplicates under Utilities will show the similar files next to each other. This feature is available in IOS 16.

There is also an option to merge duplicates. According to Apple, “merging combines the highest quality version and all the relevant data across the duplicates, and this version will remain in the library”. The remaining duplicates will be put into the Recently Deleted album.

On Android, the Files By Google app has a Clean feature that will scan the phone and recommend content to delete, including large files, old screenshots and downloaded data.

Alternatively, users can archive information on external drives, which don’t run on electricity.

If deletion is not an option, the files can be compressed to save space. Popular tools on the market include Winzip and WINRAR, which allow files to be compressed, although they are better at shrinking the size of some files than others.

The files can also be password protected for additional security. Do note that the compression employed by these apps won’t result in a loss of quality for photos or videos.

Another aspect that users should consider is the carbon footprint of emails.

Statistics on The Carbon Literacy Project show that actions like sending a short email from the phone generate 0.2g of CO2, while taking 10 minutes to send out an email to 100 people is responsible for 26g of CO2.

According to the Let’s Do It Foundation, 281 billion emails are sent out each day, taking an average person three hours a day to refresh, read and reply to work messages.

The foundation felt that it was necessary to limit the ineffective practice of organising work through emails.

To avoid accumulating email messages, it’s best to unsubscribe from irrelevant mailing lists or mark unwanted emails as spam so they get deleted after a set period.

Let’s Do It also recommends that users clean up their Inbox by searching for common names or addresses to round up similar messages and delete them, while only keeping the latest.

Sunday 2 April 2023

What is the best sleeping position?

 

 

Experts say side sleeping is probably the better way to sleep. 

 

MOST people spend a third of their lives either asleep or resting, according to the Sleep Foundation.

During sleep, the body recharges and repairs itself.

And a good night’s sleep often can be determined by what position you are lying in bed. Back-sleepers beware.

“I know many people find it to be comfortable, because they’re not putting weight on their joints,” says Dr Lois Krahn, a Mayo Clinic sleep specialist.

But experts say sleeping on your back is actually the worst sleeping position, especially if you have sleep apnea.

“Sleeping on the back means that your tongue and jaw can fall down and crowd your airway. And many people snore more on their back,” says Dr Krahn.

Sleeping on your stomach helps keep the airway open, but it can put a strain on your spine and neck.

“There’s a host of evidence overall suggesting that probably sleeping on the side is better,” says Dr. Virend Somers, a cardiologist and director of the sleep facility within Mayo Clinic’s Center for Clinical and Translational Science.

Side sleeping helps prevent the airway from collapsing and can reduce snoring.

“And so, all in all, sleeping on the side – perhaps with their head slightly elevated as long as that’s comfortable – is a good way to sleep,” says Dr Krahn.

Side sleeping is also recommended during pregnancy, especially the last trimester.

And sleeping on the left side is best because it keeps pressure off internal organs and promotes healthy blood flow.

“When you are in that third trimester of pregnancy and when you sleep on your back, the uterus is compressing your inferior vena cava (the largest vein in the body).

“It’s compressing the arterial system,” says Dr Somers.

Sleeping on your side also is considered by the Sleep Foundation as the best for people with neck and back pain, especially if you place a small pillow between your knees.

“Because if you don’t have a pillow between your knees, that stress of sleeping on the side pulls on your hip and can cause some issues,” says Dr Somers. – Mayo Clinic News Network/tribune News Service