Finance and Economy
When Mark Zuckerberg’s Facebook acquired mobile-messaging application WhatsApp last year for a mind-boggling US$22 billion, many analysts thought Mark was a sucker. After all, WhatsApp was just a startup that generated a pathetic revenue of merely US$10.2 million. Even though WhatsApp had 400 million active users back then, it generated less than 3 cents in […]
... written on Apr 01 2015He co-founded PayPal and sold it to eBay for a cool US$180 million profit. He could have retired rich and young (he was 32 then) but he needs to save the world. Elon Musk, the boss and architect of SpaceX, Telsa Motors and SolarCity is often compared to Tony Stark, the genius engineer played by […]
... written on Mar 31 2015Were you frustrated with those pickup trucks – Ford Ranger, Mitsubishi Triton, Toyota Hilux, Nissan Navara – for acting such a bully during parking or hogging lanes? Well, the market of the bullies is set to get merrier (and more crowded) with a new kid on the block soon. Believe it or not, Mercedes Benz […]
... written on Mar 29 2015The deliberate crashing by Germanwings Flight 9525’s own co-pilot, 27-year-old Andreas Lubitz, is creating tons of debate and forcing global airlines to rethink about existing SOP (standard operating procedure). In the incident, the Germanwing’s Airbus carrying 150 people was smashed into an Alpine mountainside. Needless to say, there was no survivor. Is there any relation […]
... written on Mar 27 2015Depending on when you were born, you either love or hate Lee Kuan Yew. The first Singapore’s prime minister passed away at the Singapore General Hospital today at 3.18am, aged 91. Mr Lee, whose health rapidly deteriorated after his wife died in 2010, was in the hospital for nearly seven weeks with severe pneumonia. Born […]
... written on Mar 23 2015Levi’s® committed to making quality jeans that should last longer “than most peoples’ waist lines,” – a bold claim made by Levi Strauss & Co. CEO, Chip Bergh, some time in May last year. If we’re still in the age of “Cowboy Boots with Levi’s Jeans”, then there’s little question about the infamous jeans durability and […]
... written on Mar 20 2015Federal Reserve Chair Janet Yellen should just resign and let others take over the position. It seems she couldn’t stomach the pressure that comes with one of the most powerful jobs in the world. Is she an equally great liar and a lame duck, just like empty vessel President Obama, who nominated her? Otherwise how […]
... written on Mar 19 2015Starbucks is a US$70 billion company. Its currect stock price is at historical high. Starbucks has reported record revenues of US$16.4 billion (11% growth) in financial year 2014. The company also invested a staggering US$233 million in healthcare benefits and US$210 million in Bean Stock for the same financial year. However, Howard Schultz, chairman and […]
... written on Mar 19 2015When you were told to get ready for US$30 a barrel of oil price 4-months ago (December 2014), you probably had freaked out. By last month, however, you might have had laughed off the idea, since the crude oil (WTI) rallied from roughly US$44 to US$54 a barrel. Today, you may kick yourself, if you […]
... written on Mar 16 2015Frozen was an absolute smash hit for Disney. It grossed a whopping US$1.27 billion (£850 million; RM4.7 billion) in global ticket sales, beating another Disney/Pixar animated film – Toy Story 3 – which grossed US$1.063 billion in 2010. Instantly, Frozen becomes the highest grossing animated film ever. But there’s more. While Toy Story required a […]
... written on Mar 13 2015
