What is Suez canal? If you have been living under a rock, or skipped Social science's through middle school, read through. The Suez Canal’s importance for Egypt The 150-year-old canal was controlled by British and French interests in its initial years, but was nationalized in 1956 by Egypt’s then leader Gamal Abdel Nasser. Over the years, the canal has been widened and deepened. In 2015, Egypt announced plans to further expand the Suez Canal, aiming to reduce waiting times and double the number of ships that can use the canal daily by 2023. As per an AFP report, the canal is a major source of income for Egypt’s economy, with the African country earning $5.61 billion in revenues from it last year. The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. Constructed by the Suez Canal Company between 1859 and 1869, it officially opened on 17 November 1869. The canal offers wat...
This is a story of a legacy, a collapse, that wiped out $45 billion of market capitalisation over the course of a week. • Prelude - Do Kwan: Do Kwan was a cryptocurrency developer who founded the Terra Luna token. Let me get this straight, he was a very difficult person, who had a lot of attitude and was always down looking on those who didn't believe in his tokens and cryptos. Attached are a few of his responses in twitter. • Chapter 1: Learning about different Coins: Before we start, this article is about a crypto currencies. I will try to water this down for you. If you have queries, do let me know in the comments. This article will be like an interaction. We will do it like a conversation. • Before we start, Well What is a stable coin Pranavh? Well my friend, consider a Fiat Currency, A stable coin is just like ...
Before going in depth read what is meant my a short squeeze? A Short Squeeze: A short squeeze is a rapid increase in the price of a stock owing primarily to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions. 1. What is Gamestop/GME? Gamestop is a retailer that sells video games. Not online, in physical form. Which has been a problem, because people are increasingly buying games online. Gamestop, listed as ticker GME in the US, has recently lost $275 million in the past 12 months, on revenues of $5 billion. Gamestop was a loss making business, it has been gaining interest because Ryan Cohen, the founder of Chewy, Inc (a pet food retailer that’s incredibly successful) has bought nearly 13% of the company, wants it to go bigger online, and has recently been added to their board of directors. This would be good, b...
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