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The war between China and the U.S. consists of 2 battlefronts - the trade war and the tech war. The trade war is Trump's attempt to put an end to intellectual property (IP) thefts and forced technology transfers, not to mention to eliminate the barriers to American companies competing in China, all
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Forget problem-plagued Boeing 737 MAX. It doesn't look like the "fastest-selling" airplane in Boeing history would be able to make it to the sky by the end of the year. Even if the Federal Aviation Administration (FAA), the agency that oversees American airspace, gives the green light for the air
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While watching TV, you would sometimes hear about a lawyer telling his client to "plead the Fifth". In a nutshell, it's the constitutional right of a person to refuse to answer questions or otherwise give testimony against himself. Michael Cohen, President Trump's former lawyer and "fixer", famousl
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Silly Mahathir has spoken again. The 94-year-old Prime Minister of Malaysia has again mocked and insulted his own community - ethnic Malays - for being lazy (*yawn*). Yes, it's quite silly repeating the mantra again and again about a disease which he knew how to cure but refuses to prescribe. If he
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Donald Trump has finally admitted that his trade war with China is hurting the stock market, so much so that the Dow Jones Industrial Average (DJIA) would be a whopping 10,000 points higher had he not picked a fight with the Chinese. He said - “If I wanted to do nothing with China, my stock market
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A campaign to boycott non-Muslim products, believed to have been quietly unleashed by opposition UMNO Malay nationalist and PAS Islamist parties has spread like wildfire, at least on social media. On the surface, it certainly looks like a declaration of war against the minorities in the country, esp
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By now, the US-China trade war has entered a stage where it's almost impossible for either one to surrender. The belief is such that the dispute will continue until at least the 2020 U.S. presidential election. Donald Trump is betting that his get-tough-on-China platform will rally American voters a
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Chicago-based United Airlines had planned to resume service with the grounded Boeing 737 MAX in early November, but is now targeting December 19 instead. Grounded by safety regulators since March in the wake of two crashes in Indonesia and Ethiopia that claimed 346 lives, the carrier seriously hopes
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When Boris Johnson became British prime minister on July 24, his biggest problem was obviously the lack of time to negotiate a new deal with the European Union. In comparison, Theresa May had served as the Prime Minister of the United Kingdom from July 2016 to July 2019. She had 3 years, yet failed
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The duty on crude palm oil was lowered to 40% from 44%, while a tax on the refined variety was cut to 50% from 54% after Indonesia and Malaysia, the top two palm oil producers in the Southeast Asia, sought a reduction in the import tax. Prior to that, India had raised the import tax on crude palm
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August 27th, 2019 by financetwitter
He was supposed to have died in 2011. At the age of 56, some 8 years after being diagnosed with pancreatic cancer, Steve Jobs's death was mourned by the entire world. The co-founder of Apple Computer Inc. was kicked out of his own company in 1985, only to return to Apple in 1996 after his company " [...]
August 26th, 2019 by financetwitter
Based on the number of negative comments on social media, it seems that PPBM (Bersatu) is not only a racist and an incompetent party, but also an organization that is increasingly untrustworthy. And there's a new man (actually a boy) who has given the party a black eye - a certification of approval [...]
August 25th, 2019 by financetwitter
Investors are looking for an endgame to the trade war between the world's two biggest economies - China and United States. But there has been no endgame since the dispute started since March 2018. Instead, it appears the endgame has just begun. And a global recession - even depression - looks inevit [...]
August 24th, 2019 by financetwitter
When starting or registering a business entity, you usually have a checklist of steps and requirements that you need to cross off to establish a solid legal foundation for your business. Finding a registered agent might be one of the items on your list, but what exactly is a registered agent?
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August 24th, 2019 by financetwitter
China has made good on its promise to retaliate against President Donald Trump's latest 10% tariff on US$300 billion worth of Chinese goods. On Friday (August 23), the Chinese State Council announced it decided to slap tariffs ranging from 5% to 10% on US$75 billion U.S. goods in two batches - effec [...]
August 23rd, 2019 by financetwitter
Malaysian Anti-Corruption Commission (MACC) revealed on Thursday (August 22) that only former Prime Minister Najib Razak had an interest in the misappropriation SRC International Sdn Bhd’s funds. His partner-in-crime Jho Low (full name: Low Taek Jho), meanwhile, has no interest at all. However, de [...]
August 22nd, 2019 by financetwitter
Donald Trump and First Lady Melania Trump were formally invited to Denmark by Queen Margrethe II in July and both had accepted the invitation. According to the White House, the U.S. president had been expected to participate in a series of bilateral meetings and meet with business leaders in the 2-d [...]
August 21st, 2019 by financetwitter
Whenever Donald Trump talks to his supporters, he would claim credit in his trade war with China. He repeatedly declared that his import tariffs on Chinese goods would force China to pay "US$100 billion" to the U.S. Treasury. The Chinese, not the Americans, was footing the bill for the tariffs he in [...]
August 19th, 2019 by financetwitter
Zakir Naik is toast. And it's hard to see how he can still be protected after what he has - stupidly - done. Has anybody noticed that until today, the two top guns of UMNO - Najib Razak and Zahid Hamidi - have yet to defend the controversial Indian Islamic preacher accused of spreading hate speech, [...]
August 18th, 2019 by financetwitter
President Trump may have scaled back tariffs on Chinese goods this week to spare holiday shoppers, but consumers are still likely to feel a pinch. He announced a new round of 10% tariff on US$300 billion worth of Chinese imports, the remaining goods yet to be taxed, and even promised to raise the [...]
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