Record high against the USD at 6.35; further appreciation is still expected in the short term
The offshore Chinese yuan (¥) or Renminbi (RMB) breached the 6.40 level, traded at an intraday high of 6.3960 against the Greenback (US Dollar or USD) on Tuesday 25 May 2021, a level strongest since June 2018. The level is considered as a psychological barrier that is key to the yuan against the USD. However, the onshore yuan traded just above the 6.40 level on the same day.
For those who are unfamiliar, there are two types of Chinese currency being traded in the foreign exchange (FX) markets. They are the onshore yuan (CNY) and the offshore yuan (CNH). …
The trio — Li Auto, NIO, Xpeng
A greener and more sustainable environment is one of the main focus for the years to come. The automobile industry is making the shift to using clean energy and it had gain much attention in recent years. Electric Vehicle (EV) is expected to replace the Internal Combustion Engine (ICE) cars in the upcoming years. Most, if not all, should have heard of Tesla. Tesla is the leading and by far, the biggest EV making company at present. However, they are now faced with strong competition from their Chinese counterparts. …
Will technology be the enabler for our “dreams” to come true?
Have you ever dream of something really fanciful that you really wish to have and want to experience for yourself? The internet has been the only way for anyone to explore one’s desire to attain something probably unachievable. However, with the advancement of digital technology, does it become an enabler for that wish to come true?
We now live in a world of evolving technologies. With all research and development (R&D) tech giants in place, it is safe to anticipate that an impressive technology today will be obsolete or become an antique tomorrow. From Machine Learning (ML) empowering self-driven vehicles…
Broken, extraordinary and turbulent. A world in distress. What’s next for 2021?
2020 is an extraordinary year for many and it is one for the history books. As with traditions, it is the time to reflect on what has been done and can be done better the following year(s).
A global pandemic: Novel coronavirus (COVID-19)
2020 was off to a roller-coaster start. Whoever that lived through the events this year is something that will never forget. The world got off the start of a new decade in massive chaos as the novel coronavirus (COVID-19) spread throughout the entire planet. This had changed the way people live for the year. …
Airlines can also move towards less reliance on the volatility of oil price and fuel hedging
Every once in a while, a huge event happen. Some events are so tremendous that create an impact on our lives and change how the way we live. In the year 2020, there is one such event that is no stranger to anyone across the globe. It has disrupted our daily norms, social lives and businesses. People are restricted to stay indoors; roads empty; planes lying on the tarmac — grounded. The aviation industry has been severely impacted by the coronavirus pandemic.
With aviation recovery task force being set up across the globe to discuss on getting the airlines going…
Oil traders scrambled to pay people to offload their contracts
Oil prices plunged on Monday (20th April 2020) as it went into the negative territory for the first time in history. The West Texas Intermediate (WTI) traded at a record low of -$40.32 and subsequently settled at -$37.63.
A rare opportunity to communicate and work differently
The start of 2020 is not a pleasant one. Faced with a novel coronavirus, COVID-19, as named by the World Health Organisation (WHO), it had changed the way how people live all around the world. This includes commuting, working and the social lives that we once accustomed to.
Digital Transformation
Goodbye, Twenty Eighteen
It was a year of opportunities and mis-opportunities. A reflection of how 2018 went and the approach I will be taking in 2019.
What was done this year
As per title, I hope everyone who has read this has not been affected by the attack so far. For people who are out of the loop, WannaCry is going rampant. It had reached such critical level that it became the talk of the town for the week.
WannaCry, ransomware program and its 2017 global cyber attack
WannaCry or Wanna Decryptor is a ransomware program targeting the Microsoft Windows operating system. On Friday, 12 May 2017, a large cyber-attack was launched using it, infecting more than 230,000 computers in 150 countries, demanding ransom payments in the cryptocurrency bitcoin in 28 languages. …
