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Artificial Intelligence (AI) chip maker Nvidia has been minting tonnes of millionaires among its 30,000 employees. The nearly US$3 trillion company generated US$27 billion in revenue in its fiscal 2023. Then, something spectacular happened. Nvidia revenue for the 12 months ending July 31, 2024 skyrocketed to US$96.31 billion – a 194.69% increase year-over-year. The […]
... written on Sep 06 2024Japan’s Nikkei lost a staggering 4,451 points on Monday (August 5) – the biggest drop in history. That’s more than 12%, dragging the country’s stock market losses to 25% since early July. The biggest one-day drop means the index is entering the bear market. It instantly brings back the memory of “Black Monday” in October 1987, […]
... written on Aug 06 2024BlackRock was founded in 1988 by Laurence Fink, Robert Kapito and Susan Wagner. An American multinational investment company which does not discriminate, it invests in everything under the Sun that makes money – from fossil fuels to Chinese People’s Liberation Army. It does not care about climate change or gun violence, let alone human rights […]
... written on Jun 23 2024Unable to accept the reality that a Chinese company could develop a highly popular app called TikTok, the United States has been trying everything in its power to control it. ByteDance now has two options – either sell it to American owners, or get ready to be banned. The Senate voted 79 to 18 after […]
... written on Apr 24 2024As Huawei smartphone shipment skyrocketed in the first six weeks this year, sales of Apple iPhone plunged in the same period – losing 24%. But the return of Huawei to the consumer business affects not only Apple. Several Chinese brands also suffer a drop in business, even though most of them were not as severe […]
... written on Mar 08 2024For financial year 2023, the EPF (Employees’ Provident Fund) or KWSP has announced higher dividend for both Conventional savings (5.5%) and Syariah savings (5.4%). In previous year (2022), EPF had declared 5.35% and 4.75% dividend rates for Conventional and Syariah respectively. However, despite higher dividends for last year, suspicion arose over its distributions. While […]
... written on Mar 05 2024As fast-food industry continues to see a surge in child labour violations across the United States, such as McDonald’s and Chick-fil-A, the poor become poorer while the rich become incredibly richer. The latest Oxfam report says the planet’s five wealthiest persons have seen their fortune more than doubled to US$869 billion since 2020 while five […]
... written on Jan 15 2024Probably taking a page from China’s playbook in its blockade of Taiwan hours after U.S. House Speaker Nancy Pelosi’s foolish visit to Taiwan last August, some 35 NGOs, 15 student movements and political parties in Malaysia were planning to teach the U.S. and Israel a lesson. The brilliant plan was a six day “blockade” of the U.S. Embassy […]
... written on Dec 28 2023Perikatan Nasional, comprising two major forces – Malay nationalist party Bersatu and Islamist party PAS – captured 4.7 million votes (30.12%) in the November 2022 General Election, where 99% were Malay votes. Crucially, the Malay-centric political parties won 80% of Malay vote bank. Fortunately, despite grabbing 74 seats in the 222-seat Parliament, it was not […]
... written on Nov 23 2023At the San Francisco airport to receive Xi Jinping were California Governor Gavin Newsom, U.S. Treasury Secretary Janet Yellen and other U.S. representatives. The Chinese president was there to attend the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Summit, as well as to meet U.S President Joe Biden, about a year since both leaders met at […]
... written on Nov 19 2023
