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| Economic & Financial Meltdown Is Here – All Signs Lead To Recession |
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Posted by: superadmin - 05-21-2022, 01:56 PM - Forum: Business, Economy and Investment
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Economic & Financial Meltdown Is Here – All Signs Lead To Recession, Stagflation, Jobless And A Repeat Of Dot-Com Bust
Dow Jones dropped 1,164.52 points on Wednesday (May 18) – the biggest drop since June 2020. In fact, at 31,490.07, the DJIA saw the lowest close since March 2021. Likewise, the S&P 500 plunged to its lowest drop since June 2020. The fact that this is the fifth Dow decline of more than 800 points this year alone speaks volumes about the financial trouble ahead.
On the same day, retailer Target reported a stunning 52% drop in quarterly profits. Its share price tumbled a whopping 25%, and the company blamed it on higher costs for fuel that caused a drop in demands for items like TVs. The results were consistent with Walmart, the American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Walmart reported a similar poor earnings a day earlier, also cited higher fuel and labour costs. Walmart shares ended Tuesday lower by 11% (the worst one-day loss in 35 years) and dropped another 6.8% on Wednesday. Other retailers also took a hit – Amazon’s stock price dropped 7.2%, Best Buy’s stock price fell 10.5%, Macy’s stock price plunged 10.7%, Dollar General’s fell 11.1% and Dollar Tree’s declined 14.4%.
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| China vows 'all necessary measures' after Ottawa moves to ban 5G gear from Huawei |
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Posted by: superadmin - 05-21-2022, 01:06 PM - Forum: Politics
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Update: China vows 'all necessary measures' after Ottawa moves to ban 5G gear from Huawei, ZTE
China's foreign ministry and commerce ministry on Friday vowed all necessary measures to safeguard the legitimate interests of Chinese firms, after Canada revealed plans to ban the use of 5G gear from Huawei and ZTE on so-called national security grounds.
The 5G ban targeting Chinese firms, coming on the heels of a gesture of goodwill from China which lifted a three-year ban on Canadian canola seeds, lays bare Ottawa's role as a political pawn of the US, experts said, viewing Ottawa's unwise action as sowing the seeds of uncertainty over China-Canada cooperation.
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| Labuan teacher uses digital tech to improve student learning |
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Posted by: superadmin - 05-21-2022, 10:42 AM - Forum: Educations
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PETALING JAYA: To the students of SMK Rancha-Rancha in Labuan, Claudius Upin is known as a dedicated English teacher and, more recently, as a budding “edu-tainment” TikTok influencer.
Claudius, originally from Kota Kinabalu, is also known as @gtucjr on TikTok. He has been leveraging online platforms and social media in an effort to motivate students to learn.
In 2020, he was searching for a way to keep students engaged while learning remotely due to the pandemic and stumbled across a TikTok workshop for teachers.
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| ‘Chariots of Fire’ and ‘Blade Runner’ composer Vangelis dies aged 79 |
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Posted by: superadmin - 05-20-2022, 02:57 PM - Forum: Celebreties News
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ATHENS – 'Blade Runner' and 'Chariots of Fire' composer Vangelis, the Oscar-winning electronic music pioneer whose distinctive musical style defined a generation of film soundtracks, has died aged 79, Greece's prime minister said on Thursday.
According to several Greek media outlets, Vangelis died of the coronavirus in France where he lived part-time, as well as in London and Athens.
"Vangelis Papathanassiou is no longer with us," Greek Prime Minister Kyriakos Mitsotakis tweeted.
"The world of music has lost the international (artist) Vangelis."
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| I didn’t advocate violence, Kit Siang tells Najib over Sri Lanka comparisons |
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Posted by: superadmin - 05-20-2022, 02:49 PM - Forum: Politics
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PETALING JAYA: DAP veteran Lim Kit Siang has denied advocating violence in drawing comparisons between Malaysia and Sri Lanka, which was recently plagued by unrest.
This comes after Najib Razak accused the Iskandar Puteri MP of inciting the public by questioning whether Malaysia will suffer the same fate as Sri Lanka, with the former prime minister urging the police to arrest Lim.
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![[Image: Economic-Inflation-Recession-Stagflation.jpg]](http://www.financetwitter.com/wp-content/uploads/2022/05/Economic-Inflation-Recession-Stagflation.jpg)
![[Image: aeb19810-a53e-4953-ba6f-1041d268c9e5.png]](https://www.globaltimes.cn/Portals/0/attachment/2022/2022-05-20/aeb19810-a53e-4953-ba6f-1041d268c9e5.png)
![[Image: Claudius-Upin.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2022/05/Claudius-Upin.jpg)
![[Image: 000_32AJ2W2.jpg]](https://media.thevibes.com/images/uploads/covers/2022/May_2022/_large/000_32AJ2W2.jpg)
![[Image: 12-LIM-KIT-SIANG.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2022/04/12-LIM-KIT-SIANG.jpg)
