War
America is facing crises. The land of freedom just saw a “racially motivated” mass shooting at Buffalo supermarket, where a white man went on a shooting spree against the black people. The American Dream also saw how more than US$7 trillion in market value of the blue chip stocks in the S&P 500 has been wiped out […]
... written on May 16 2022Crude oil hit more than US$130 a barrel after Russia launched its so-called special military operation in Ukraine. But crude oil was not the only commodity which skyrockets after the invasion. Sunflower oil, the world’s third most traded vegetable oil after palm and soybean oil, also hit the roof. Worse, Ukraine and Russia accounts for […]
... written on May 14 2022Federal Reserve Chairman Jerome Powell, speaking during a news conference on May 4 to raise interest rate by 50 basis points, has signalled that the Fed could continue to approve increases of half a percentage point. Investors, however, spooked by earlier speculations that the rate could be up to 75 basis points, did not pay […]
... written on May 10 2022China has a huge problem – US$3.2 trillion foreign exchange reserve – the world’s largest reserves. In comparison, Japan, the country with the second largest foreign reserves, has only US$1.4 trillion (as of Feb 2022). China’s foreign assets included more than US$1 trillion in U.S. bonds and huge amounts of real estate, especially hotels and […]
... written on May 06 2022Scott Morrison has again attacked China on Saturday (April 30), accusing the Chinese government of interfering in foreign politics. Like the sore loser Hillary Clinton, who had accused Russia of interfering with the 2016 U.S. election, resulting in the stunning victory of Donald Trump, the Morrison administration too is accusing Beijing of trying to influence […]
... written on May 02 2022Vladimir Putin has finally made good on his threat to punish “unfriendly countries” that stubbornly and defiantly refused to pay for Russian natural gas in rubles. The first casualties – Poland and Bulgaria – saw their gas supplies cut on Wednesday (April 27), coincides with a sharp rise in tensions between Western powers and Russia as the war in Ukraine enters its […]
... written on Apr 27 2022President Biden has decided to send yet another round of military weapon package worth a staggering US$800 million to Ukraine. Since Russia’s invasion two months ago, the United States has splashed US$3.4 billion in weapons. In fact, the latest military aid is the eighth installment, and we haven’t talked about similar assistance from the European […]
... written on Apr 24 2022As the United States and its allies continue to pressure India to abandon, or at least maintain its distance from Russia till the Ukraine invasion is over, the Indian government has ignored the Western powers. Instead of condemning Moscow, New Delhi has instead bought more Russian oil largely due to huge discount offered by the […]
... written on Apr 20 2022Months before Russia’s invasion of Ukraine, the Pentagon has made public the expansion of China’s nuclear arsenal. The U.S. said the Chinese’s development of strategic nuclear warheads will see the country possess 700 by 2027 and 1,000 by 2030. The report came less than 6 months after the U.S. said in June 2021 that China […]
... written on Apr 15 2022For weeks since the invasion of Ukraine, the Western news media have painted Ukrainian as the winner, while the Russian as the loser. Ukrainian forces were seen as not only fiercely brave, but also invincible and undefeatable. The Russian forces, on the other hand, were being condemned as a coward, inefficient, corrupt, brutal and whatnot. […]
... written on Apr 11 2022
