✨ 14 Jan 2022 | Value Investing Substack NEWS
Myanmar Military Coup Explained, Return-Free Risk, Why Is US Healthcare So Expensive, AirAsia responds to PN17, Aung San Suu Kyi faces 5 new corruption charges, Prince Andrew stripped of royal titles
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Why Is Healthcare So Expensive in the United States? [Reddit - US Healthcare]
AirAsia officially responds to PN17 status (Malaysia - Airlines)
Myanmar's military-installed government has filed five new corruption charges against ousted leader Aung San Suu Kyi in connection with granting permits to rent and buy a helicopter, a legal official said Friday.
Suu Kyi, who has been detained since last February’s military takeover, is already being tried on five other corruption charges. Each is punishable by up to 15 years in prison and a fine.
She has also been charged with other offenses, and has been sentenced to six years' imprisonment after being convicted of illegally importing and possessing walkie-talkies and violating coronavirus restrictions.
China’s trade surplus in 2021 reached $676.4 billion, the largest ever and up about 30% from the previous year, the country’s General Administration of Customs said on Friday.
The second-largest global economy’s previous record was set in 2015. With demand for Chinese personal computers and toys recovering in major markets such as the U.S. and Europe, total exports increased by 29.9% to $3.36 tillion.
China also saw the first expansion in total imports in the last three years, which increased by 30.1% to $2.68 trillion.
Despite a trade war with Washington and its allies, vaccination drives in the U.S. and Europe helped consumer spending recover, which resulted in boosts for Chinese exporters.
Trade was also helped by disruptions in supply chains among members of the Association of Southeast Asian Nations, the economic bloc competing with China, where COVID-19 hit hard last year.
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