Russia oil price cap accelerates de-dollarization

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In: Asia, Business

The oil “price cap” of US$60 per barrel for Russian oil is a controversial move by the European Union and G7. The price cap prohibits Western insurers and shipping companies, which account for more than 90% of the marine insurance industry, from servicing vessels that carry Russian oil above $60 per barrel. The intention is lofty — […]Continue Reading

Jerome Powell’s China problem is just beginning

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TOKYO – Investors betting that the US Federal Reserve is throttling back on interest rate hikes aren’t paying attention to events in China. The jump in oil and other key commodity prices already points to a China reopening trade that’s likely only just beginning. In the last month, Xi Jinping’s economy swung suddenly from “zero-Covid” […]Continue Reading

WhyQ secures US.08 mil in extended Series A2 funding round led by Kairos Capital Group

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In: Technology

To expand digitalisation platform, improve existing products
Closed initial US$2.7mil Series A2 from 4 investors in 2021  WhyQ, a digital innovation startup focused on helping micro-SMEs (MSMEs) digitise their business, has successfully secured an additional US$1.08 million (RM4.6 million) in an extension to its Series A2 funding round. 
In a statement, the firm said…Continue Reading

Why a small city in Ukraine is a focal point in the war

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In: Asia

Since the Ukrainian army’s counteroffensive started gaining momentum in September, the Russian army has largely been on the defensive. Russian drone and missile strikes continue to target Ukraine’s major cities, but its military forces have retreated from attempts to take Kherson, Kharkiv, or any other major Ukrainian settlement. Strong defensive fortifications built by Russian and Ukrainian armed forces across the […]Continue Reading

Sanctions move China to replace chips supply chain

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The chief executive officer of ASML, the overwhelmingly dominant supplier of lithography equipment to the semiconductor industry, says that China will eventually learn how to make the semiconductor production equipment it cannot import due to sanctions imposed by the US. In an interview with Bloomberg News published on January 25, Peter Wennink said, “If they […]Continue Reading