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Finance and Economy

The Price For Harbouring Zakir Naik – India May Hike Tariff On Palm Oil From Malaysia To 50% From 45%

In March 2018, India raised the import tax on crude palm oil to 44% from 30% and hiked the tax on refined palm oil to 54% from 40%. The fourth increase in import tax in less than 6 months – the highest level in more than a decade – was to protect the country’s local […]

... written on Jul 19 2019

The Trump Effect! – Home Sales Plunge 36% As Chinese Buyers Flee, Continue Dumping US Treasury

For the 12-month period from April 2018 to March 2019, U.S. home purchases by foreign buyers dropped 36%. According to the National Association of Realtors (NAR), foreigners bought only 183,100 properties worth about US$77.9 billion, down from 266,800 valued at US$121 billion in the previous period. That’s a loss of US$43 billion worth of home […]

... written on Jul 18 2019

Economists Thought China’s Economy Depends On The World – But McKinsey Research Shows Otherwise

Legend says that Chinese civilization is 5,000 years old. But some argued they were only 3,200 years old. Regardless, the fact remains that while the Chinese civilization survives thousands of years, the Roman Empire did not. Throughout the history, the empires and kingdoms of ancient China had gone through uncountable collapses and rises.   So when […]

... written on Jul 16 2019

Facebook Slapped With $5 Billion Fine – But It’s Such A Joke That The Stock Jumped & Everyone Laughs

After months of investigation following Facebook’s 2018 Cambridge Analytica scandal, the Federal Trade Commission (FTC) decided to slap the company with US$5 billion (£4 billion; RM20.5 billion) fine – the largest ever imposed by the FTC against a tech company. Yet, the punishment was like a mosquito bite to the company.   In fact, the punishment […]

... written on Jul 14 2019

France Slaps “Digital Tax” On Tech Giants – All Eyes On Trump If He Dares Start A New Trade War

Against the threat of retaliation – even trade war – from the United States, the French have decided to slap a new tax on American companies. On Thursday (July 11), France’s Senate approved “3% digital tax” on the revenues of multinational firms and tech giants like Facebook, Google and Amazon. Trump administration warned that such […]

... written on Jul 12 2019

Zero New Orders For 737 MAX – Airbus To Overtake Boeing As World’s Biggest Plane Maker

American plane manufacturer Boeing has every reason to be worried even after 4 months its best-seller 737 MAX aeroplanes has been grounded. It seems the safety scandal isn’t going to be solved as quickly as Boeing and its stakeholders had expected – suggesting that the problems plaguing the aircraft’s flight-control systems are not as simple as […]

... written on Jul 10 2019

How Did 150-Year-Old Deutsche Bank Screw-Up So Badly It Cuts 18,000 Jobs And Quit Stock Trading Business?

On Sunday (July 7) in Europe, 150-year-old German bank – Deutsche Bank – officially launched its restructuring plan to cut a mind-blowing 18,000 jobs by 2022. By Monday morning (July 8), the entire teams in Deutsche Bank’s Asian operations were told to pack and clear their desks, before their security passes are deactivated as their […]

... written on Jul 08 2019

Trump Made A Mistake Of Extending Huawei Lifeline – China To Boost & Create Its Own Tech Landscape

Does Donald Trump want to kill Huawei or not? After all, it was him who whined, moaned and bitched back in May that the Chinese company was a threat to the U.S. national security. As a result, the Chinese telecom giant was put on a trade blacklist – banning U.S. businesses from selling parts and […]

... written on Jul 02 2019

The U.S. Is Already In Recession – And There’s Something Wrong With The Stock Market Rally

If the United States’ economy is in bad shape due to its trade war with China, how come its stock market has been so bullish lately? The S&P 500 is about to pull off its best first half of a year in at least 10 years and the Dow Jones Industrial Average (DJIA) is enjoying its best June […]

... written on Jun 27 2019

Trump Blinks? – The U.S. Slaps New Economic Sanctions After Calling Off A Military Strike On Iran

US President Donald Trump signed an executive order on Monday that slaps Iran with new economic sanctions. Among those targeted is Iranian Supreme Leader Ayatollah Ali Khamenei. The latest move came on top of actions already taken by the administration in April to cut off all revenues from Iranian oil exports, the lifeblood of the nation’s economy.   […]

... written on Jun 25 2019









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