Finance and Economy
Zuckerberg has finally apologised after the Cambridge Analytica scandal erased tens of billions of dollars from his company’s market capitalization. But the defiant billionaire did so only after he was criticised for his failure to apologize in his initial admission in a Facebook post that he “made mistakes” and would “do” more to protect users’ […]
... written on Mar 24 2018President Donald Trump, as anticipated, signed an executive memorandum that would impose tariffs on up to US$60 billion in Chinese imports on Thursday. Unlike the earlier tariffs of 25% on steel imports and 10% on aluminium imports signed earlier this month, the latest tariffs are designed to specifically punish China unfair trade practices with the U.S. […]
... written on Mar 23 2018One of the reasons why North America, particularly United States of America, has reigned supreme for nearly a century as the world’s strongest and biggest economy is because of its consumption-based economy. Although some may argue that production, not consumption, is the true source of wealth, U.S.’ consumption-driven society is one of the main contributors. […]
... written on Mar 22 2018From June 2018 Google will ban all online adverts that promote cryptocurrencies and any related content. In the recent announcement, which follows similar action that Facebook took earlier in the year, Google’s other platforms such as YouTube and third-party websites will all be covered by the ban. For cryptocurrency businesses and investors, this is a […]
... written on Mar 22 2018While the concept of investing in tech stocks may seem like a no-brainer in the digital age, this practice continues to polarise opinions among traders and experts alike. While some will point to the notorious dot.com bubble as being indicative of the volatile and unpredictable nature of tech stocks, however, others will highlight considerable […]
... written on Mar 22 2018Mark Zuckerberg is hiding, and so is Facebook COO Sheryl Sandberg. Ever since the scandal over Facebook data manipulation or breach exploded, the founder and captain of the social media are nowhere to be found. The company’s lawyers were dispatched instead to face public scrutiny while the CEO and COO stay quiet on the Cambridge […]
... written on Mar 21 2018Toys “R” Us is joining other companies such as Compaq, Enron, Kodak, Pan Am, Lehman Brothers, Woolworth and General Foods – iconic brands that have vanished. Although Toys “R” Us has not officially closed down, at least not yet, they’re as good as dead. Founded in 1948 by Charles P. Lazarus, the brand originally was […]
... written on Mar 18 2018China is not out of the wood yet although President Trump’s order to impose a 25% tariff on steel imports could hardly hurt the Chinese. Under pressure (including that of Gary Cohn’s resignation) that his tariffs would hurt American friends more than its enemies, the U.S. president made some changes and exempted Canada and Mexico by […]
... written on Mar 15 2018Unless you’ve been living under a rock this year, you should know that Saudi billionaire Alwaleed has been released. Prince Alwaleed bin Talal was released in January, more than 2 months after he was taken into custody in a sweeping crackdown on corruption. A senior Saudi official said Alwaleed was freed after he reached a […]
... written on Mar 13 2018An unexpected but wonderful event is about to happen in May. Nobody had expected “Dotard” Trump would meet “Rocket Man” Kim. After all, it was only months ago when the world was on the verge of its first nuclear war. It was unthinkable that two alpha-male – Donald Trump and Kim Jong-un – would greet […]
... written on Mar 11 2018
