War
Vladimir Putin has finally made good on his threat to punish “unfriendly countries” that stubbornly and defiantly refused to pay for Russian natural gas in rubles. The first casualties – Poland and Bulgaria – saw their gas supplies cut on Wednesday (April 27), coincides with a sharp rise in tensions between Western powers and Russia as the war in Ukraine enters its […]
... written on Apr 27 2022President Biden has decided to send yet another round of military weapon package worth a staggering US$800 million to Ukraine. Since Russia’s invasion two months ago, the United States has splashed US$3.4 billion in weapons. In fact, the latest military aid is the eighth installment, and we haven’t talked about similar assistance from the European […]
... written on Apr 24 2022As the United States and its allies continue to pressure India to abandon, or at least maintain its distance from Russia till the Ukraine invasion is over, the Indian government has ignored the Western powers. Instead of condemning Moscow, New Delhi has instead bought more Russian oil largely due to huge discount offered by the […]
... written on Apr 20 2022Months before Russia’s invasion of Ukraine, the Pentagon has made public the expansion of China’s nuclear arsenal. The U.S. said the Chinese’s development of strategic nuclear warheads will see the country possess 700 by 2027 and 1,000 by 2030. The report came less than 6 months after the U.S. said in June 2021 that China […]
... written on Apr 15 2022For weeks since the invasion of Ukraine, the Western news media have painted Ukrainian as the winner, while the Russian as the loser. Ukrainian forces were seen as not only fiercely brave, but also invincible and undefeatable. The Russian forces, on the other hand, were being condemned as a coward, inefficient, corrupt, brutal and whatnot. […]
... written on Apr 11 2022The economy has many moving parts and recession is just one of them. For decades, analysts have been searching for signs that might predict a downturn, just like how punters or gamblers are obsessed with hundreds of technical charts and formulas to guide them to buy or sell stocks ahead of the crowds. It’s just […]
... written on Apr 09 2022Ruble was trading at 81.16 per U.S. dollar on Feb 23, the day before Russian President Vladimir Putin launched a special military operation, sending troops into Ukraine. After the U.S. and Europe imposed sanctions on Russia, it triggered a massive devaluation of the country’s currency. It was so bad that Russians lined up at ATMs […]
... written on Apr 07 2022President Joe Biden has ordered a major release of oil from the nation’s Strategic Petroleum Reserve for the next six months. In an effort to bring down high fuel costs, the U.S. will free up to 180 million barrels, translating to 1 million barrels of oil per day. The fact that this is the largest release […]
... written on Apr 03 2022Is Ukraine, armed with billions of dollars worth of American weapons, really winning the war against Russia? It depends. If you restrict yourself to reading Western news media, then Ukraine is indeed winning. How can Ukrainians not win when the media keep reporting that thousands of Russian helicopters, aircrafts, drones and whatnot are dropping from […]
... written on Mar 31 2022Russia has a brilliant plan to boost its currency, which experienced a sudden collapse after the U.S. and Europe imposed economic and financial sanctions on Moscow due to Ukraine invasion. The “Ruble” plunged to its record low of 151 to a US dollar on March 7. But even before the latest plan is executed, the […]
... written on Mar 29 2022
