Countries
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 flights could resume before Christmas. Airlines […]
... written on Aug 31 2019When 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 to […]
... written on Aug 30 2019The 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 […]
... written on Aug 28 2019Investors 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 inevitable. On Friday, Dow […]
... written on Aug 25 2019China 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 – effective on Sept. 1 […]
... written on Aug 24 2019Donald 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-day state visit to Copenhagen […]
... written on Aug 22 2019Whenever 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 introduced to punish China, […]
... written on Aug 21 2019President 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 tax from 10% to […]
... written on Aug 18 2019To Be Booted!! – Zakir Should Preach & Unite The Arab Muslims To Prove He’s Not A Snake Oil Salesman
As expected, Zakir Naik, the controversial Indian Islamic preacher accused of spreading hate speech, laundering money, and funding terrorism by the Indian government was quick to use “misquoted” and “out of context” excuses to defend himself when his pants caught fire. Amusingly, the previous corrupt Barisan Nasional government often used them too whenever they screw […]
... written on Aug 16 2019Stocks dropped like a rock on Wednesday (August 14) when the DJIA (Dow Jones Industrial Average) plunged 800.49 points – worst percentage drop of the year. What happened? Apparently the bond market flashed warning of recession. The yield of 10-year Treasury note broke below the 2-year rate – a rare but reliable indicator of economic […]
... written on Aug 16 2019
