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Saudi Stocks Plunge Most Since Pandemic As Riyadh Gambles On Oil Supply
It was ugly Sunday in the catch-up trade from Wall Street's late-week bloodletting.
Regional losses
Singaporeans should prepare themselves for a period of growing volatility and uncertainty, Prime Minister Lawrence Wong said in a recent address, warning that the relative peace and order the world once enjoyed is unlikely to return soon.
In a YouTube message released on Friday (April 4), he cautioned against complacency, noting the world is entering a “troubled” phase marked by rising protectionism and geopolitical tension.
“We cannot expect that the rules which protected small states will still hold,” Wong said, urging citizens to be mentally prepared. “Let us not be lulled into complacency. The risks are real. The stakes are high.”
His remarks followed a sweeping move by stinking Trump earlier in the week, in which the United States imposed steep new tariffs on nearly all its trading partners — triggering widespread retaliation and fears of a global trade war.
“This latest move by the US leaves ‘no room for doubt’,” Wong said. “It marked a ‘seismic change’ in the global order, one where rules-based globalization and free trade is over, to turn into one that is ‘more arbitrary, protectionist, and dangerous’.”
Singapore PM’s Dark Warning On Trump’s Tariffs: ‘Trade War To World War, Like 1930s’ | Viral Speech
Singapore does seem to be able to get intelligent, clear headed politicians, starting with Lee Kwan Yew.
Lot to be said for paying the brightest and best well for political and judiciary office ( the carrot) and having some really ferocious laws against even a sniff of corruption ( the stick)
If there is one positive in all this, it’s watching Trump’s “allies” take it in the jimmies. No one is immune to his incompetence although I’m still waiting on comeuppance for Bibi.