Finance and Economy
Forbes, in its 32nd annual ranking recently showed there are now a record 2,208 billionaires in the world – up from 2,043 in 2017. On average, each of these billionaires possesses a mind-boggling US$4.1 billion. And if you combine the net worth of these 2,208 billionaires, their fortune was in the region of trillions, not […]
... written on Apr 08 2018Calling it “unfair retaliation”, President Donald Trump announced he has instructed the United States Trade Representative to consider US$100 billion in additional tariffs against China. Trump’s latest action is in addition to the 25% tariff on 1,333 Chinese products worth US$50 billion. This means the U.S. is targeting a combined US$150 billion tariffs on China products. […]
... written on Apr 07 2018Less than 24 hours after President Donald Trump unveiled a list of Chinese imports that his administration aims to target, China strikes back with its own tariffs on U.S. products. Trump’s US$50 billion tariffs in Chinese imports cover a staggering 1,300 categories of products, arguably the most aggressive trade war against the Chinese. The slap of 25% […]
... written on Apr 05 2018If there’s a competition for cashless society, Sweden will most likely win the Olympic gold medal hands down, follows by Norway and Denmark. The Scandinavia is the most cashless place on planet Earth. Obviously, they don’t believe cash is king. Instead, they believe cash is horrible and should be banned. Yes, they were so proud […]
... written on Apr 04 2018You don’t want to pick up a fight with Donald Trump if you’re not 100% sure what you’re getting into. In a little more than a year as POTUS, this president has made more enemies than any president in the history of U.S. presidency. On the international stage, he picked up fights with EU, NATO, […]
... written on Apr 03 2018Thanks to Cambridge Analytica scandal, European Union has now found the excuse to regulate Facebook. The data-harvesting scandal has essentially opened the floodgate, presenting a golden opportunity for the EU to contain the growing influence of the world’s largest social media company. Well, don’t blame the EU – it was Zuckerberg’s fault. The co-founder […]
... written on Apr 02 2018Companies like Facebook and Google have a different business model as compared to brick-and-mortar stores like Apple. Yet, they are all giant tech companies. Both Apple and Facebook command planeloads of customers. Apple sells gadgets to its legions of loyal customers, while Facebook sells its targeted customers’ personal data to advertisers. Mark Zuckerberg becomes […]
... written on Mar 30 2018Eight years ago, Apple co-founder and CEO Steve Jobs warned and lectured the young Mark Zuckerberg on issues about privacy. “Privacy means people know what they’re signing up for, in plain English and repeatedly,” – Jobs said in 2010. If only the young Zuckerberg had listened to the wise man who saw it coming. […]
... written on Mar 29 2018After President Trump proudly signed an executive memorandum to slap tariffs on up to US$60 billion in Chinese imports on Thursday, the Dow Jones dropped 724 points. The U.S. DJIA plunged another 425 points on Friday after China strikes back with its own counter-tariff measures. It appeared the markets were sending a message to Trump. […]
... written on Mar 25 2018Zuckerberg has finally apologised after the Cambridge Analytica scandal erased tens of billions of dollars from his company’s market capitalization. But the defiant billionaire did so only after he was criticised for his failure to apologize in his initial admission in a Facebook post that he “made mistakes” and would “do” more to protect users’ […]
... written on Mar 24 2018
