Countries
Australian Facebook users were extremely anxious and worried after the country’s central bank reported a jaw-dropping loss of A$36.7 billion for the financial year 2020-21. All hell broke loose after “Real Money”, a column owned by U.S. financial media The Street, screamed at one of its articles – “Australia’s Central Bank Says It Is Bust”. […]
... written on Sep 30 2022Seismic stations in Sweden, Norway and Finland registered two explosions on Monday (Sept 26). One of the explosions registered a magnitude of 2.3. Seismologists immediately knew it was not an earthquake, but undersea detonations. It was followed by a series of unusual leaks on two natural gas pipelines running from Russia under the Baltic Sea […]
... written on Sep 28 2022For many years, military superpower the U.S. has been focusing on counter-terrorism. The rise of the dragon, however, has seen the Department of Defence shifted its resources to China. In fact, U.S. President Joe Biden admitted that the “reckless and hasty” withdrawal of U.S. forces in Afghanistan was done to allow Washington to shift its […]
... written on Sep 27 2022Ringgit officially breached the psychological RM4.50 to the U.S. dollar on Sept 13, 2022 – the lowest since the 1997-1998 Asian Financial Crisis. The Malaysian currency already plunged to its 24-year low on Sept 7 when it closed at RM4.5015 to the greenback. But for the next 3 trading days, it tried to pull back […]
... written on Sep 26 2022India is the world’s top rice exporter, accounting for 41% of the global rice trade. Its total rice exports in the world last year (2021) reached 21.5 million tonnes – more than the total shipment from the next four biggest exporters – Thailand, Vietnam, Pakistan and the United States – combined. Rice is the staple […]
... written on Sep 20 2022During the 1997-98 Asian Financial Crisis, Ringgit dropped like a rock. In fact, the crisis the swept Southeast Asian countries into currency chaos had forced the Malaysian currency to depreciate by about 80%, from RM2.50 to RM4.50 per US dollar. At its worst level, the currency plunged to a record RM4.885 per dollar in 1998, […]
... written on Sep 15 2022It’s one thing to express full solidarity with Ukraine and pledged to continue offering strong political, financial and humanitarian assistance. It’s another thing altogether to condemn Russia and bragged to continue imposing hard-hitting sanctions. The 27-nation leaders of European Union love to talk about solidarity that binds their countries together. But when even Bloomberg […]
... written on Sep 06 2022Najib Razak is currently serving 12 years’ jail after he lost his final appeal in the Federal Court on August 23. But in less than 2 weeks as the Kajang Prison Complex’s newest inmate, the crook has started his usual drama again. Born with a silver spoon, it’s extremely difficult for the former prime minister […]
... written on Sep 05 2022Artemis I mission to orbit the moon has failed again. For the second time this week, NASA was forced to cancel the launch on Saturday (Sept 3) after another fuel leak. The rocket was supposed to go off on Monday, but was postponed to Saturay due to liquid hydrogen leaks. NASA engineers had tried to […]
... written on Sep 04 2022Energy crisis created by the Russia-Ukraine conflict isn’t over, even though the crude oil prices have dropped to below US$100 a barrel. The wishful thinking that sanctions imposed on Russia could cripple and defeat the Kremlin has boomeranged on the Western nations instead. The impact, either direct or indirect, is so bad that the West […]
... written on Sep 01 2022
