Crisis
Mahathir, the world’s oldest prime minister, appears to have lost his magic touch in running the country, which is burdened with record RM1 trillion debts inherited from the previous corrupt government. Initially praised – even worshipped – for stunningly defeated protégé-turn-nemesis Najib Razak, Mahathir administration has increasingly attracted criticisms. Whether Mr. Mahathir realized it […]
... written on Oct 12 2019Stock market plunged more than 300 points after it shows that the existing US-China trade war has become worse. In the run-up to high-level trade talks in Washington this week, relations have deteriorated between the world’s two-largest economies. Unlike in the past, it appears both Beijing and Washington were serious about going for each other’s throats. […]
... written on Oct 09 2019For 3 years since the stunning election of Donald Trump as the 45th President of the United States, the Democrats have been screaming about impeachment. And for months, House Speaker Nancy Pelosi resisted mounting pressure from her Democratic Party to begin impeachment hearings against President Trump. On Tuesday, she could not resist anymore. Nancy […]
... written on Sep 25 2019On Sunday night (Sept 22), Thomas Cook suddenly collapsed, leaving 600,000 tourists stranded abroad and putting 21,000 jobs at risk. The 178-year-old British tour operator has issued a statement on Monday (Sept 23), saying that its board “concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect” […]
... written on Sep 24 2019Oil prices jumped more than 10% after a coordinated drone attack hit the heart of Saudi Arabia’s oil industry on Saturday (Sept 14). The attack sent Brent crude, the international benchmark for crude prices, skyrocketing 15% to US$69.02 a barrel on Monday – the biggest jump in about 30 years. Brent crude futures actually […]
... written on Sep 17 2019Forget problem-plagued Boeing 737 MAX. It doesn’t look like the “fastest-selling“ airplane in Boeing history would be able to make it to the sky by the end of the year. Even if the Federal Aviation Administration (FAA), the agency that oversees American airspace, gives the green light for the aircraft to take off, most would still be sceptical […]
... written on Sep 12 2019An Admission Of Guilt – Former Boeing Official Invokes Fifth Amendment Protection In 737 MAX Scandal
While watching TV, you would sometimes hear about a lawyer telling his client to “plead the Fifth”. In a nutshell, it’s the constitutional right of a person to refuse to answer questions or otherwise give testimony against himself. Michael Cohen, President Trump’s former lawyer and “fixer”, famously triggered his Fifth Amendment right against self-incrimination in the stripper […]
... written on Sep 10 2019Donald Trump has finally admitted that his trade war with China is hurting the stock market, so much so that the Dow Jones Industrial Average (DJIA) would be a whopping 10,000 points higher had he not picked a fight with the Chinese. He said – “If I wanted to do nothing with China, my stock […]
... written on Sep 06 2019By now, the US-China trade war has entered a stage where it’s almost impossible for either one to surrender. The belief is such that the dispute will continue until at least the 2020 U.S. presidential election. Donald Trump is betting that his get-tough-on-China platform will rally American voters and help him get re-elected for the […]
... written on Sep 03 2019Chicago-based United Airlines had planned to resume service with the grounded Boeing 737 MAX in early November, but is now targeting December 19 instead. Grounded by safety regulators since March in the wake of two crashes in Indonesia and Ethiopia that claimed 346 lives, the carrier seriously hopes flights could resume before Christmas. Airlines […]
... written on Aug 31 2019
