The South Korean government recently unveiled a new trillion won deal that will help revive and reshape their economy. The new deal has a value of 76 trillion won. This roughly equates to USD $62 billion. The government came up with this plan after the country was severely affected by the pandemic. Due to the pandemic, the growth forecast of … Read More
Anger Mounts as US Takes Away HK Special Status
Anger among Hong Kong (HK) officials is mounting as the United States (US) is taking away the special status of the country. Last November 2019, the US government passed the Hong Kong Human Rights and Democracy Act. Under this act, sanctions can be placed on individuals who are threatening to undermine the autonomous nature of HK. The ultimate goal of the … Read More
US Charges N. Korea $2.5 Billion in Sanctions
The United States (US) has just charged North Korea with USD $2.5 Billion in sanctions. The Justice Department of the US accused a network consisting of 33 people from North Korea and China. The US found that this network has funded at least USD $2.5 billion through various front companies. They were funneling money to fund North Korea’s nuclear weapons … Read More
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It’s been 2 months since my last …… submission (for those of you who thought that I was going to say, “confession”, I confess that I am not Catholic, except in some of my tastes ?. And for those of you who always complained that, “life is boring, always same old same old,” I guess that the Good Lord heard … Read More
China Pledges Massive Rescue Package for Jobs
China has just pledged a massive rescue package that will help people keep their jobs and livelihoods. This is the biggest economic rescue package proposed to date and hopes to stave off the effects of the Coronavirus. China’s rescue package is currently valued at 4 trillion yuan or USD $559 billion. It was taken from the cut costs of the … Read More
China’s Rich Avoiding HK Asset Parking
China’s rich are now avoiding parking their assets in Hong Kong. Rich people from mainland China are straying away from placing their assets in Hong Kong. This started when Beijing placed new international laws on Hong Kong. The new laws ultimately stop anyone from Hong Kong from undermining China. Due to this, the mainland rich fear that authorities may steal … Read More
Singapore Jobs Faring Better than Hong Kong Counterpart
Singapore has been cutting far fewer jobs as compared to their Hong Kong counterpart. The pandemic has hurt the economies of most, if not all, countries. All countries have been trying to cut costs by laying off staff. However, data shows that Hong Kong has been cutting twice as many jobs as Singapore. A survey was given to various companies … Read More
China to Rush Anti-sedition Laws in Hong Kong
China is rushing to force national security laws – like it’s anti-sedition laws – on Hong Kong. The Chinese government has decided to force national security laws on Hong Kong without any further delay. The protests in Hong Kong are still on-going despite the pandemic. With news of China’s sudden move, the protests continued. However, the police were there to … Read More
Turkey Makes Deal with Qatar as Economy Crumbles
Turkey has just made a deal with Qatar that hopes to keep their crumbling economy together. Qatar is a new foreign source of foreign exchanges for Turkey. This move was done because authorities from Turkey are trying to stop their economies from crumbling altogether. Banks from both Qatar and Turkey already have existing swap deals. This new deal will increase … Read More
US to Potentially Delist Chinese Companies
The United States (US) Senate has just passed a bill that could potentially delist Chinese companies from the stock exchange. A resounding round of approval came from the Senate last Wednesday. They had just passed a law that would potentially take out Chinese companies from listing their shares in the stock exchange. It could also end Chinese companies earning money … Read More