Thursday, May 23

K-Global

From Kardeş to Perverts; An Increase in Discontent of the Pak-Turk Entente
K-Global, K-Pakistan

From Kardeş to Perverts; An Increase in Discontent of the Pak-Turk Entente

Kardeş /noun./ (pronouncing ‘kar-dish’); Turkish for Sibling /Brother. A term which you would recurrently get referred to as, if you’re a Pakistani traveling in Turkey. Earlier this year, in April, indecorous videos and photographs of Turkish women and children surfaced on social media which were allegedly recorded by immigrants residing from Pakistan, creating a furor amongst the Turks, who justifiably responded by scathing retorts and taking their socials by storm with their ‘Get Out Pakistani men’ campaign which top trended in its major cosmopolitans. “ ‘Not all men’ yet all women feel unsafe around Pakistani men. Ironic, isn’t it? ” -Anoushey Ashraf (Actress) Bridging the illustrious Europeans to the prodigious Asians stands the mighty state of the Turks. What was once the ca...
Japanese shares declined
K-Global

Japanese shares declined

Japanese shares have declined as concerns about the rapidly spreading Delta coronavirus variant have kept investors in a chokehold. On the flip side, there have been optimistic earnings that have boosted Nippon Steel- a well-established Japanese company, and other seasonal shares. Some of the country’s most well-regarded companies, such as Toyota Motor, Sony, Honda Motor, and a few trading houses have yet to present the outcome via a report of their results. The Nikkei, which is the world’s largest financial newspaper, share average dipped 0.16% to 27,569.52, while the broader Topix fell 0.20% to 1,927.28. Concerns about sky-rocketing COVID-19 cases are intensifying as the Head of the Japan Medical Association has announced a nationwide state of emergency. "It's not that there...
The Srilankan Crisis – What’s Happening
K-Global

The Srilankan Crisis – What’s Happening

Sri Lanka, the Pearl of the Indian Ocean, is currently indulged in an Economic Crisis worse than ever. The Economic Mismanagement by the Sri Lankan government has caused the country to face severe consequences. Sri Lanka Economic Crisis. The Inflation rate has risen to 18.7%, and the value of the Srilankan rupee has depreciated by 30% against US Dollar. The Exchange rate is at its all-time high, trading 1 US dollar for 310 Sri Lankan rupees making it the World’s poorest performing currency. People face a deficiency of essential utilities such as Food, Fuel, and Gas. Hospitals are suspending routine surgeries due to a lack of drugs. Many People are even escaping to India due to Sri Lanka’s worsening condition. The price of daily necessities has skyrocketed. According to the Department o...
Tenets of Common Good: Incentives
K-Global, K-Literature

Tenets of Common Good: Incentives

Though, mounting evidence lends credence to the dismissal of the idea of the common good as pious rhetoric, with polarisation and inequality exacerbating. Interest groups with fundamentally opposed ideologies duel in legislative assemblies, consultative committees and the media. However, I will argue that the notion of common good is neither futile nor vacuous on multiple tenets; in this article, the focus will be on the presence of incentives which stimulate individuals to seek out the common good. The understanding of these incentives necessitates the recognition of the embedded moral deficiencies in a private society – a society whose members’ interests pertain only to individual needs. In such a community, the motivational horizons are constrained to focus only on people and endeav...
Amazon Hit With Record EU Privacy Fine
K-Global

Amazon Hit With Record EU Privacy Fine

The penalty of $887 million is a sign that the bloc’s privacy regulators are taking a more aggressive stance on enforcement Amazon Inc. AMZN -6.91% has been fined 746 million euros, equivalent to $887 million, by a European Union privacy regulator for violations related to its advertising, by far the largest-ever fine under the EU’s data protection law. The fine, which Amazon disclosed Friday in a securities filing, was issued two weeks ago by Luxembourg’s privacy regulator, the CNPD, and accompanied by an order to revise certain business practices that Amazon didn’t specify. Amazon said the regulator’s decision was without merit and that it would appeal in court. “The decision relating to how we show customers relevant advertising relies on subjective and untested interpreta...
BHP Bets on Lower-Carbon World With Petroleum Exit, $5.7 Billion Potash Project
K-Global

BHP Bets on Lower-Carbon World With Petroleum Exit, $5.7 Billion Potash Project

SYDNEY— BHP Group Ltd. BHP -8.82% , the world’s largest mining company, bet on a lower-carbon world by agreeing to sell its oil-and-gas unit and separately approving a $5.7 billion project to mine potash in Canada. BHP’s all-stock deal to sell its oil-and-gas business to Australia’s Woodside Petroleum Ltd. WOPEY -2.84%, which will lead to its shareholders owning about 48% of the expanded company, was accompanied by a decision to end the dual listing of its shares in London. Some BHP investors previously lobbied for both of those changes, but they had been rebuffed until now. Still, BHP’s decision is a blow to the London Stock Exchange, which has prided itself as the go-to place for mining companies to raise capital, attracting metal producers from Chile, Mexico, and Russia in re...
China Set to Pass One of the World’s Strictest Data-Privacy Laws
K-Global

China Set to Pass One of the World’s Strictest Data-Privacy Laws

HONG KONG—The world’s leading practitioner of state surveillance is set to usher in a far-reaching new privacy regime. China’s top legislative body is expected this week to pass a privacy law that resembles the world’s most robust framework for online privacy protections, Europe’s General Data Protection Regulation. But unlike European governments, which themselves face more public pressure over data collection, Beijing is expected to maintain broad access to data under the new Personal Information Protection Law. The national privacy law, China’s first, is being reviewed as frustration grows within the government, and in Chinese society at large, over online fraud, data theft, and data collection by Chinese technology giants. The law is on its third round of reviews, usually th...
Rupee Weakens By rupees 12 To Hit Nine-Month Low against Dollar
K-Global, K-Pakistan

Rupee Weakens By rupees 12 To Hit Nine-Month Low against Dollar

The rupee is devastatingly losing its ground against the US dollar and this was predominantly highlighted during the second sequential meeting in the interbank market on Monday in which the rupee deteriorated by Rs1.2 making the exchange rate at Rs163.67 per USD. Following 11 months of excess, the announced deficiency of the current record and flooding oil costs are overwhelming the rupee. The interest for dollars keeps on being solid because of pressing factors from businessmen and importers. With that being said, a couple balancing factors give some hope, for example, Pakistan's foreign exchange which is still at a genuinely vigorous level, adding up to an aggregate of almost $25 billion on July 23, as indicated by Asad Rizvi, the previous country financier of Chase Manhattan Ban...
Chinese Tech Selloff
K-Global

Chinese Tech Selloff

When a government comes to believe it can snap its fingers and create—or destroy—whole industries at will, things can easily go awry In the superhero movie “Avengers: Infinity War,” antagonist Thanos snaps his fingers and half of life in the universe instantly disappears. After the rout of the past few days, that may sound horribly familiar to investors in certain Chinese educational and internet technology stocks. The big question is what comes next. The regulatory fusillade against China’s internet technology firms has been intensifying for months and clearly has several drivers: among them a good-faith effort to curb anti-competitive practices that hurt small businesses and IT upstarts, elite displeasure with the financial and media clout of companies like Ant and Alibaba,...
Fluctuations in JDE Peet’s H1 Numbers
K-Global

Fluctuations in JDE Peet’s H1 Numbers

A well-established coffee company better known as “JDE Peet”, based in Amsterdam (Netherlands), has reported having been generating revenues that were far better than expected and profits that exceeded their expectations for the first half of 2021. This was surprisingly shocking considering the pandemic had taken a hard hit on such industries and businesses, and this is a time still regarded as one where a steady yet relatively slow recovery is taking place. While the coronavirus pandemic is easing in certain areas, it is not particularly enough to have as impactful of a consequence as it did in the case of JDE Peet’s. To put into perspective why this has been a milestone within the sector, the revenues being referred to earlier on were 3.25 billion euros, which was an increase ...