Countries
Moments after Covid-19 coronavirus killed the first American in Washington state, President Donald Trump said on Saturday that there was “no reason to panic”. On Sunday, a second U.S. death was announced. On the same day, New York state confirmed its first case. So far, there are at least 89 confirmed cases, and the nasty […]
... written on Mar 02 2020After Thursday (Feb 27) closing bell, the Dow Jones lost a jaw-dropping 1,190.9 points – the biggest in history. It was also the second day in the same week the index shed more than 1,000 points. On Monday, it had already plunged 1,031 points, before losing 879 points again the next day. Thursday also saw […]
... written on Feb 28 2020On Monday, the Dow plunged 1,031 points. The next day, the stock market continued its losses by closing 879 points lower. In total, the DJIA (Dow Jones Industrial Average) lost nearly 1,900 points as fears over the spread of the Covid-19 coronavirus intensified around the world. Investors scrambled to sell their shares and diverted their money […]
... written on Feb 27 2020Unlike the economy of Abu Dhabi, the big brother and richest emirate in the seven-emirate United Arab Emirates (UAE), Dubai’s economy is not directly dependent on oil. Dubai depends heavily on luxury real estate, tourism, logistics, and financial services for revenues. However, Dubai’s economy suffers indirectly when crude oil prices go south. Surprisingly, despite […]
... written on Feb 20 2020Singapore’s economy almost came to a standstill in the second quarter of 2019, thanks largely to the US-China trade war. Its economy grew by merely 0.7% last year, down from 3.1% registered in 2018. In essence, it had been the slowest economic growth since the 2009 (when its economy expanded 0.1%) Great Recession. Still, the country […]
... written on Feb 18 2020As the death toll caused by the infectious Coronavirus continues to rise, the World Health Organization (WHO) has issued a warning that “trolls and conspiracy theories” are jeopardizing the response to the new virus. WHO said misinformation and fake news around the new strain, 2019-nCoV, causes “confusion and spreads fear” to the general public. […]
... written on Feb 12 2020Malaysian leader Mahathir appears to be a very angry man, or at least he pretends to be one. And when he’s angry, he tends to ask people to resign. In 2008, he asked his own handpicked successor, (former) PM Abdullah Ahmad Badawi to step down from office. Mr. Badawi, who spent most of this time sleeping on […]
... written on Feb 10 2020Thailand, Southeast Asia’s second-largest economy, was on cloud nine last year. Its currency – Thai Baht – was the champion not only among ASEAN countries, but also in Asia. In fact, the currency has been the best performing since 2018 (not only 2019). The currency appreciated a whopping 8% against the US dollar in 2019 […]
... written on Feb 08 2020As the deaths due to Coronavirus hit 427 people with 20,438 confirmed cases, global financial and business markets are increasingly affected by the epidemic. Crude oil is one of the commodities that has taken a serious beating. West Texas Intermediate (WTI) crude futures were trading below US$50 per barrel in late trading Monday – hitting […]
... written on Feb 04 2020The World Health Organization (WHO) has declared the Coronavirus outbreak a global health emergency after the first person-to-person transmission of the virus was reported in the U.S. The latest designation means that international public-health authorities now consider the virus, which has killed 305 people so far (including the first death in the Philippines), a significant […]
... written on Feb 03 2020
