I have often said that I felt sorry for Bush Jr. for he will be remembered as starting the War over Iraq’s Weapons of Mass Destruction that never existed. The real president was Dick Cheney who orchestrated everything and gave the business to his former company Haliburton. When allegations of corruption were surfacing, they […]

ASIA: President Xi Jinping of China is considering raising taxes on wealthy citizens to create a “common prosperity.” In a Tuesday meeting, the president urged for a “reasonable adjustment of excessive incomes and encouraging high income groups and businesses to return more to society.” However, exact tax figures or plans were not revealed. The top […]

ASIA: China’s  State Administration for Market Regulation (SAMR) has imposed new regulations that prohibit businesses from altering product information regarding their product orders and sales. The agency also has prohibited companies from leaving fake reviews or fabricating consumer sentiment. Using algorithms to redirect online consumers to avoid online competitors is also illegal and seen as […]

ASIA: China’s economic recovery slowed in July, according to new data by the National Bureau of Statistics. Retail sales grew 8.5% last month, beneath analysts’ expectations of 10.9%, and below June’s reading of 12.1%. Industrial production slowed to 6.4% YoY after experiencing an 8.3% boost the month prior. Unemployment increased from 5% to 5.1%, with […]

ASIA: India on Thursday proposed scrapping a controversial law that taxed companies retrospectively and said it will refund disputed amounts, a move that could potentially settle its multi-billion-dollar tax cases with Cairn Energy and Vodafone. The amendment to the tax law could resolve at least 17 disputes of tax payments amounting to 500 billion rupees […]

ASIA: according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade. The data shows that China was able to increase its ranking despite US tariffs by exporting to other regions. India’s benchmark stock index—the NSE Nifty 50—crossed 16,000 for the first time Tuesday as investors bet […]

  Julian Reichelt, the editor-in-chief of BILD, which is one of the largest newspapers in Germany, has reversed policy and apologized to the children of Germany for the COVID-19 coverage in his newspaper that made them “victims of neglect, isolation, and loneliness.” He has plainly stated that this has been a scam, unproven scientifically, and […]

ASIA: The Reserve Bank of India’s Monetary Policy Committee began its bi-monthly deliberations today amid expectations of keeping repo and reverse repo rates unchanged on the back of the fear of the third COVID-19 wave. The monetary policy outcome will be announced on Friday, August 6, 2021. Analysts expect MPC to retain the policy interest […]

  ASIA: Singapore recorded its strongest economic growth in 11 years in the second quarter of 2021, rebounding from its worst economic slump on record a year ago due to the Covid-19 pandemic. The Southeast Asian economy surged 14.3% in the second quarter compared with the same period a year ago, according to advance estimates […]

ASIA: China’s government issued new procurement guidelines in May that require up to 100% local content on hundreds of items, including x-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers, Reuters reported. Document 551 was issued on May 14 by the Chinese Ministry of Finance and the Ministry of Industry and […]