Atlas Angle

Samsung Chip Workers Edging Toward Complete Strike

1Jul

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Movie Reviews, Top 10s

Samsung Chip Workers Edging Toward Complete Strike

Samsung Chip Workers Edging Toward Complete Strike Samsung's Historic Strike Demands Fair Pay, Transparent Bonuses, and Improved Working Conditions - More Disruptions Expected On June 7th, Samsung employees in South Korea embarked on their inaugural strike, orchestrated by the Nationwide Samsung Electronics Union (NSEU). This historic event involved around 28,000 union members, representing approximately a fifth of Samsung’s South Korean workforce. The strike specifically targeted Samsung’s chip division, responsible for producing essential components such as RAM, NAND flash chips, USB sticks, SD cards, Exynos processors, camera sensors, modems, NFC chips, and power/display controllers. This action brought to the forefront longstanding issues concerning unionization within Samsung, si...

Saudi Arabia’s FDI surges to $65 billion.

25Jun

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Saudi Arabia’s FDI surges to $65 billion.

Saudi Arabia stands out as a top destination for FDI in West Asia. Saudi Arabia has emerged as a significant recipient of foreign direct investment (FDI), attracting $65.1 billion in the years following the pandemic up to 2023. This places the Kingdom among the top destinations for FDI in West Asia, according to the latest report from the UN Conference on Trade and Development. In addition to attracting substantial FDI, Saudi Arabia also saw significant outflows totaling $73.1 billion during the same period. In 2023 alone, the Kingdom recorded FDI outflows amounting to $16 billion. This performance positions Saudi Arabia 16th among the top 20 global economies for FDI outflows, underscoring its growing role in international investment flows. The data highlights Saudi Arabia's...

Secret Behind India’s Wealthy Elite’s Migration to the Dubai

25Jun

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Secret Behind India’s Wealthy Elite’s Migration to the Dubai

Secret Behind India's Wealthy Elite's Migration to the Dubai India's affluent are increasingly looking towards a fresh destination: the United Arab Emirates (UAE). This move has positioned Dubai, Abu Dhabi, and other emirates as preferred choices for the country's ultra-wealthy. However, what exactly is attracting India's super wealthy to the UAE? One crucial element is the UAE's advantageous tax system. In contrast to India's taxes on income and capital gains, the UAE provides a nearly tax-free environment. This results in substantial financial advantages for affluent individuals and families seeking to enhance their wealth management approaches. Besides taxation advantages, the UAE offers a business-friendly environment characterized by streamlined processe...

Xi Jinping provides crucial guidance on managing floods and alleviating droughts

20Jun

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Xi Jinping provides crucial guidance on managing floods and alleviating droughts

Xi Jinping provides crucial guidance on managing floods and alleviating droughts Xi Jinping, the esteemed leader of China, who serves as the President, General Secretary of the Communist Party of China (CPC) Central Committee, and Chairman of the Central Military Commission, recently delivered crucial directives regarding the nation's response to floods and droughts. His instructions come amidst ongoing challenges posed by severe weather patterns across different regions of the country. Southern China, in particular, has been battered by relentless heavy rainfall, triggering devastating floods and geological disasters in provinces such as Guangdong and Fujian. These calamities have exacted a heavy toll in terms of lives lost and substantial property damage. Conversely, northern China h...

China intensifies flood management and disaster response.

18Jun

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China intensifies flood management and disaster response.

China intensifies flood management and disaster response. China has intensified its flood control and disaster relief efforts nationwide in response to recent heavy rainfall challenges. The National Committee for Disaster Reduction and Relief declared a Level 4 emergency response on Monday for severe rainstorm and flood disasters in Fujian and Guangdong provinces. Task forces are deployed to assess local conditions, guide relief efforts, and ensure residents' basic needs are met. Additionally, 10,000 family emergency kits have been allocated to the affected areas. The Ministry of Emergency Management and the National Food and Strategic Reserves Administration are collaborating in these efforts. In Guangdong's Meizhou, power outages and internet disruptions have occurred due...

12May

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China’s economy is on a path to stagnation, with Beijing unwilling to intervene.

According to a scholar, China's economy is on a path to stagnation, with Beijing unwilling to intervene. Anne Stevenson-Yang, co-founder of J Capital Research and author of "Wild Ride: A Short History of the Opening and Closing of the Chinese Economy," provides a critical analysis of China’s current economic trajectory. She contends that China's leadership is banking on a surge in exports to revitalize its flagging economy but argues that this strategy is fundamentally flawed. Stevenson-Yang attributes China's economic malaise to a combination of factors, including inconsistent policies, excessive control exerted by the Communist Party, and unfulfilled promises of reform. According to Stevenson-Yang, China's heavy reliance on exports as a means of economic revival could inten...

12May

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Michael Cohen presents a tough challenge as a star witness in Donald Trump’s hush money trial.

Michael Cohen poses a formidable challenge as a key witness in the hush money trial involving Donald Trump. Michael Cohen, previously known for his pledge to protect Donald Trump at any cost, has now become a crucial asset for prosecutors in Trump’s hush money trial. While Cohen is anticipated to provide jurors with an insider's perspective on the core dealings central to the prosecution's case, his role as a star witness is fraught with challenges. His complicated relationship with Trump, serving as his personal attorney until becoming entangled in federal investigations, resulted in Cohen's conviction and imprisonment, though Trump remained unscathed. Scheduled to testify on Monday, Cohen can present himself to the jury as someone who has faced the consequences of his own w...

12May

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Thailand’s cannabis re-criminalization could spark protests and industry lawsuits.

The re-criminalization of cannabis in Thailand poses the threat of street demonstrations and legal actions from within the industry. Thailand's recent move to reclassify cannabis as a narcotic has ignited concerns over potential ramifications, including the likelihood of street protests and the initiation of class-action lawsuits by the proprietors of numerous dispensaries that proliferated across the nation following the decriminalization of cannabis two years ago. Prime Minister Srettha Thavisin's announcement on Wednesday, mandating a complete re-criminalization of cannabis, has stirred apprehensions about the future of the cannabis industry. Rattapon Sanrak, owner of the well-known Bangkok-based dispensary, Highland Cafe, has voiced concerns about the potential consequences of this ...

11May

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BRICS: Eroding the Dominance of the US Dollar

BRICS countries are challenging US dollar dominance in global finance, aiming for a more diverse monetary system. This shift reflects their growing economic influence and highlights vulnerabilities in the current dollar-centric system. In the realm of global economics, the landscape is undergoing a profound shift, driven by the concerted efforts of BRICS members China and Russia to challenge the traditional dominance of the US dollar. This strategic maneuvering marks a pivotal moment in the ongoing saga of economic power dynamics, with implications that reverberate far beyond the confines of international relations. At the heart of this transformation lies a fundamental reevaluation of the role of currencies in shaping the future of global trade and finance. The r...

11May

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Navigating the BRICS Wave: China’s Economic Surge and the Global Landscape

Navigating the BRICS Wave: China's Economic Surge and the Global Landscape Introduction: In the swirling currents of global geopolitics and economics, one alliance stands out for its potential to reshape the world order: BRICS. Over the past several years, the landscape has been ever-changing, driven in large part by the rising prominence of the BRICS economic alliance. At the heart of this alliance lies China, whose economic prowess has propelled not only its own growth but also that of the entire bloc. In this article, we delve into the dynamics of China's economic surge, its implications for the BRICS bloc, and the broader global implications. The Rise of BRICS: The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, emerged as a counterba...