Commodities
Until the diesel subsidy was scrapped beginning June 10, the country had to spend RM14.5 billion annually on the subsidy. Minister of Finance II Amir Hamzah Azizan said diesel subsidies cost Malaysia RM1 billion a month, while losses from leakages or smuggling amount to a staggering RM4.5 million every day. The cut would save the […]
... written on Jun 15 2024Once considered a luxury, bicycles were introduced in China about 150 years ago. But after a bicycle-manufacturing factory was set up in Tianjin in 1936, it quickly grew to meet the increasing demand. At one time, China was known as the “kingdom of bicycles” because it had a mind-boggling 670 million bicycles – the largest […]
... written on Jun 08 2024After almost 2 weeks discussing how to retaliate over Israel’s bold strikes on its embassy in Syria’s capital Damascus, Tehran could not find any option except a direct attack on Israel. To strike the Jewish state from proxies located in Lebanon, Syria, Yemen or Iraq would be not only lame, but ineffective. After all, its […]
... written on Apr 15 2024Americans can make about 11 gigawatts of solar panels per year, up from 6.4 gigawatts in 2022. In comparison, one Chinese company alone – JinkoSolar – is able to produce 56 gigawatts at its solar panel factory in Shanxi province. China as a whole can make more than 400 gigawatts of new panels every year […]
... written on Apr 11 2024The realm of forex trading is a dynamic landscape, where traders navigate through the intricate web of currencies, constantly seeking opportunities for profit. In this article, we delve into the nuances of forex trading, exploring strategies, market dynamics, and the role of key currency pairs like xbrusd and dge. Understanding Forex Trading Forex, short […]
... written on Apr 05 2024Last August, despite US-led Western nations’ relentless efforts in accusing Beijing of human rights violations against Muslim minorities in Xinjiang, Chinese President Xi Jinping made a stop in Xinjiang during his return trip to the 15th BRICS Summit in South Africa and announced that a “beautiful Xinjiang” will continue to be built as part of […]
... written on Feb 17 2024For four decades, Joe Biden has remained hopeful that the U.S. and Iran could find some common ground. Like other foolish Democrats leaders such as Barack Obama, they thought Iranian Mullahs could be brought into the U.S. orbit by being friendly with them. In fact, years before Obama ran for president, Biden was already calling for engagement with the […]
... written on Feb 03 2024As expected and predicted, Chinese car giant BYD has beaten Tesla for a second straight year as the world’s top seller of electric cars. The sales figures for the final quarter of 2023 showed that the American company produced 494,989 vehicles (delivering only 484,507). However, for the first time, the Chinese company sold 526,409 vehicles (excluding hybrid and commercial […]
... written on Jan 04 2024Entering 2024, Russia’s position in the global oil markets remains largely unchanged despite Western financial and economic sanctions. Even the price cap of US$60 a barrel on Russian oil – desperately introduced by U.S. Treasury Secretary Janet Yellen – has little effect on the Kremlin. That’s because oil demand did not change. The only changes are […]
... written on Dec 30 2023The Red Sea, also known as the Erythraean Sea, is the northernmost tropical sea in the world. Believed to be formed 30 million years ago, during which Africa separated from Asia, the Red Sea is an astonishing 2,200 km long. However, it’s only 330 km at its widest point. Reaching a maximum depth of 2,200 […]
... written on Dec 20 2023
