Finance and Economy
Last November 24, the Turkish air force downed a Russian Su-24 bomber jet over the Turkish-Syrian border, claiming that it violated Turkish airspace. Russia denied the claims and called the incident a “stab in the back from the accomplices of terrorists.” The pilots ejected, but one – Lieutenant Colonel Oleg Peshkov – was killed by […]
... written on Jun 29 2016To invoke or not to invoke – that’s a 2 trillion US dollar question EU is asking UK after the British voted to leave. And US$2.08 trillion was the global equity loss on Friday alone after Brexit – the biggest daily loss ever, exceeding the Lehman Brothers bankruptcy during the 2008 financial crisis and the […]
... written on Jun 27 2016The “Leave” campaign won an unexpectedly decisive majority in Thursday’s referendum on Britain’s EU membership. Almost immediately, “voices” within other EU members such as Netherlands, France, Austria, Finland and Hungary have hinted they could follow Britain by leaving the club. Less than 3 months ago, 61.6% of Dutch voters rejected an EU free trade deal […]
... written on Jun 26 2016Britain has voted to leave the European Union, a historic decision which would be known as the kingdom’s Independence Day – from the EU’s colonization since 1973. The surprising results mean tons of punters and speculators are losing their shirts. The Britons have done something extraordinary – beating the odds that they were too chicken […]
... written on Jun 25 2016It’s finally here. The day for the British to decide their future – to remain or to leave EU – has finally arrived. If the “Remain” wins, it will be business as usual. If the “Leave” wins, it could be business as usual, or a temporary chaos in the financial markets. The globe will keep […]
... written on Jun 23 2016Ever wonder why Somali pirates were so skinny that they looked more like malnourished African children than real pirates? It’s all about “Location, Location, Location”. They were targeting international cargo ships in the vast Indian Ocean. Their operation cost was high but their returns – ransom – rarely exceed US$1 million. It was hard work […]
... written on Jun 17 2016After spending a staggering US$5.5 billion (£3.88 billion; RM22.5 billion), Shanghai Disneyland is officially open today. Covering an area of about 4-square-km in the town of Chuansha in Shanghai’s Pudong New Area, it features a theme park and two themed hotels. The new resort is Walt Disney Company’s sixth worldwide. The Shanghai Disneyland is part […]
... written on Jun 16 2016European Union might lose United Kingdom. David Cameron might lose his job. Britain’s biggest selling newspaper – The Sun – has openly backed Brexit (Britain Exit). With days to go (June 23) before Britons voting to either remain or leave EU, media tycoon Rupert Murdoch’s flagship newspaper has run a headline – “BeLEAVE in Britain” […]
... written on Jun 15 2016Goldman Sachs Group Inc. is being investigated by U.S. investigators whether the American banking firm broke the law when it didn’t sound an alarm about a suspicious transaction in Malaysia. At issue is US$3 billion Goldman raised via a bond issue for Malaysian state investment fund 1Malaysia Development Bhd – 1MDB. The 147-year-old bank […]
... written on Jun 14 2016Since Disney World opened in Orlando city in 1971, follows by Sea World and Universal, kids from every corner of America and beyond have dreamed of a trip to the Magical Land. It would never be the same again after the Sunday terrorism that killed 49 and sent shockwaves through the tourism industry, with employees […]
... written on Jun 14 2016
