Crisis
Supply chain shortages and the rising cost of doing business, as well as drought and interest rate hikes are some of the factors that contributed to food crisis this year. But if you think food shortages and high prices will magically disappear next year, think again. American farmers believe 2023 could be even worse, after […]
... written on Dec 27 2022Many had never imagined Anwar Ibrahim would finally become the 10th Prime Minister of Malaysia last month. After all, he had been PM-in-waiting for 24 years – since 1998 when he was stunningly sacked by then-PM Mahathir Mohamad. In total, Anwar was persecuted with three prison sentences and 11 years in jail before walked free […]
... written on Dec 26 2022More than 60 flood victims in Kelantan reportedly have resorted to boiling flood waters for drinking as clean water supply was totally crippled in the state located in the east-cost of Peninsular Malaysia. Even then, the definition of clean water in the village is an interesting subject. The state has been under the PAS Islamic […]
... written on Dec 21 2022As former U.S. Secretary of State Henry Kissinger called again for an urgent negotiation to end the war in Ukraine before it spread to the entire world, fear has emerged that Belarus could enter the war any moment now. Russian president Vladimir Putin has made a rare visit to Belarus on Monday (Dec 19), his […]
... written on Dec 20 2022Federal Reserve Chairman Jerome Powell isn’t sure if a recession will hit the United States next year, even though many believe it has actually started already. But he is sure about one thing – the inflation has been hitting the world’s biggest economy since the beginning of the year. So, his immediate task is to […]
... written on Dec 17 2022Sanctions on Iranian and Venezuelan oil have forced the lucrative commodity to be traded in the black market. If the plan was to punish and topple the dictatorship of both countries, the Western powers have failed miserably. The sanctions on Russian oil have only made the situation worse- triggering an energy crisis which led to […]
... written on Dec 13 2022Effective Monday (Dec 5, 2022), the West has slapped a price cap on Russian oil at US$60 per barrel. Designed by the Group of Seven (G7) to limit Moscow’s revenues from oil exports so that it would cripple its ability to finance the ongoing Ukraine War, the price cap means Russia can export crude oil […]
... written on Dec 06 2022After the U.S. and Europe imposed sanctions on Russia over Ukraine invasion, it triggered a massive devaluation of the country’s currency – ruble. Russians lined up at ATMs to withdraw their money. The Bank of Russia immediately hiked the interest rates to 20% to slow the withdrawal, as the ruble plunged 30% against the US […]
... written on Nov 30 2022Anwar Ibrahim was extraordinary calm – even joyful – when he told an army of reporters yesterday (Nov 23) that he was going out to watch a movie (“tengok wayang”). Enjoying popcorn himself, he then proceeded to distribute more popcorn to reporters who waited outside his office. The media thought it was a joke, but […]
... written on Nov 24 2022As Russian forces fired at least 85 missiles across Ukrainian cities, a missile hit the village of Przewodów, Poland, killing 2 people and forced Biden to convene an emergency meeting on the final day of the Group of 20 (G-20) meeting in Indonesia. The U.S. president, who was awakened overnight by staff with the news […]
... written on Nov 16 2022
