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Under the pretext of protecting national security, outgoing President Donald Trump has decided to make the U.S.-China relationship messier for President-elect Joe Biden by banning more Chinese apps. Mr Trump on Tuesday (Jan 5) signed an executive order banning transactions with eight more Chinese software applications. With just over 2 weeks before Biden takes […]
... written on Jan 06 2021One of the most popular questions being asked is exactly when will China overtake the United States as the world’s largest economic power. For such a simple question, it’s amazing how economists, analysts and experts have very different opinions or methodologies to arrive at the answer. Some said it will never happen, while others said […]
... written on Dec 29 2020On Friday, as expected, the U.S. FDA (Food and Drug Administration) approved the Covid-19 vaccine developed by Pfizer and German partner BioNTech. The authorization, however, was plagued with news that White House Chief-of-Staff, Mark Meadows, told the FDA commissioner Stephen Hahn to authorize Pfizer’s Coronavirus vaccine on Friday itself – or prepares to resign. […]
... written on Dec 14 2020Meng Wanzhou, the chief financial officer of Huawei Technologies Co., may be able to return home to China from Canada soon. The daughter of Huawei founder Ren Zhengfei was arrested in December 2018 following an extradition warrant issued by the U.S. and has been charged with bank and wire fraud linked to alleged breaches of […]
... written on Dec 08 2020After crossing the 270 Electoral College vote threshold needed to claim victory, President-elect Biden appears to have strengthened his grip on Friday (Nov 13) by winning the state of Georgia. Even though North Carolina may go to President Trump, the final result would see Biden’s 306 votes against Trump’s 232. Interestingly, this is the same […]
... written on Nov 15 2020For the time being, Donald Trump doesn’t know what to do with TikTok’s counter proposal of making Oracle its “business partner” or “trusted tech partner”. As a trusted tech partner, Oracle will manage TikTok’s U.S. user data. As a business partner, Oracle will own a minority stake that will be less than 20% of the […]
... written on Sep 19 2020When the U.S. Commerce Department added Huawei Technologies Co to its “entity list” in May 2019, the Chinese tech giant retaliated about 3 months later by revealing its own operating system, called HarmonyOS. The blacklist has affected Huawei’s overseas revenue, who was then the world’s No. 2 smartphone maker – ahead of Apple – but […]
... written on Sep 12 2020In every crisis lies an opportunity, says a famous quote by Albert Einstein. As millions of people continue to depend on video-conferencing thanks to the Coronavirus pandemic, Zoom has added nearly 105,000 new customers in the second quarter. The number might look small, but the new subscriptions delivered a whopping 81% of its revenue growth. […]
... written on Sep 03 2020On Tuesday (August 18), the S&P 500 closed at a record 3,389.78 points – higher than the previous record of 3,386.15 recorded on February 19, 2020. The benchmark plunged from the Feb’s all-time high to a low of 2,237.40 on March 23, effectively losing 33.9% thanks to the Coronavirus pandemic. It entered a bear market […]
... written on Aug 19 2020A smartphone, no matter its brand, is as good as the apps in it. Without apps, the gadget is useless. Hence, when President Donald Trump signed an executive order last Thursday to ban yet another Chinese app – WeChat – in the U.S., all hell broke loose. Trump, desperate to win the November re-election, decided […]
... written on Aug 10 2020
