Crisis
Food Price To Spike Again – Russia Terminates Black Sea Grain Deal, Threatening Global Food Security
Russia has terminated a deal with Ukraine which allowed it to export grain through the Black Sea, potentially plunge the world into another round of food crisis. First inked in July 2022, the U.N.-brokered Black Sea Grain Initiative enabled Ukraine to supply world markets with over 32 million tonnes of food products after Moscow invaded […]
... written on Jul 17 2023Americans were stunned – and humiliated – when U.S. Treasury Secretary Janet Yellen bowed, not once, but repetitively, when she met Vice Premier He Lifeng during her visit to Beijing last week. Her Chinese counterpart was pleasantly surprised with her gesture that he appeared to backs away to give Yellen more room to “kowtow” and […]
... written on Jul 11 2023Remember those days at school when we received tips that the discipline teacher is doing a spot check? Students would comb their hair to look like Elvis Presley, trim their fingernails and tug in their shirts nicely. And when the feared teacher arrived with his inch-size cane, everyone pretended to be paying attention. Of course, […]
... written on Jul 04 2023Stalin used to allow – even encourage – mini rebellions to occur so that the revolutionary who led the Soviet Union from 1924 until his death in 1953 could cling to power by flushing out traitors. He would suddenly disappear from the office without announcement for a few weeks, presenting the opportunity to enemies to […]
... written on Jun 30 2023In an effort to lower inflation, the Federal Reserve has increased interest rates a whopping 10 times since March 2022. Over the period, inflation hit 9.1% in June 2022 – its highest point since 1982. In the latest inflation report, the inflation appears to have slowed down – recording 5.3% in May 2023, compared to […]
... written on Jun 13 2023Some 5 years ago, President Donald Trump launched a trade war with China. The goal was to decouple the U.S. economy from China. In 2020, with the U.S. presidential election approaching, Trump again raised the idea of separating the American and Chinese economies. In both 2016 and 2020 campaigns, China became the easy punching bag […]
... written on Jun 02 2023Germany officially plunged into recession during the first three months of the year. The Europe’s largest economy contracted by 0.3% in the first quarter of 2023 after it suffered a decline of 0.5% in the fourth quarter of 2022. A recession is defined as two consecutive quarters of contraction, therefore, the German economy has entered […]
... written on May 29 2023Disgraced Malaysian Chinese Association (MCA) reportedly has demanded 10 seats in the upcoming six state elections – Penang, Selangor, Negeri Sembilan, Kedah, Kelantan and Terengganu. Two of those seats are in Penang. Because there’s zero chance of winning any seats in PAS-controlled states Kedah, Kelantan and Terengganu, MCA are targeting Pakatan Harapan-controlled states. Penang […]
... written on May 26 2023On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin’s residence has been described as “a planned terrorist act and an assassination attempt on the Russian president”. The explosion, however, did not kill or injure anyone because Putin was not present in […]
... written on May 05 2023Having learned from China, a country called India is making tonnes of easy money by buying crude oil from Russia before selling it to the EU. The fast learner has become Europe’s largest supplier of refined fuels, according to data from analytics firm Kpler. In March alone, India’s imports of crude oil from Russia touched […]
... written on May 01 2023
