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“#H&M, Burberry scrubbed from internet in China over forced labor accusations” H&M stores are virtually disappearing in China amid a rapidly exploding controversy over human rights violations in its cotton-picking region. Beijing consumers could not find locations for the fast-fashion retailer on either Apple Maps or Baidu Maps on Friday, according to Bloomberg, although stores…
“# Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec ” Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin (BTC) may once have been considered a fringe asset, but the inflation of the United States dollar has changed that. Speaking to Bloomberg, Fitzpatrick said her firm —…
“# China’s digital yuan os backup to AliPay and WeChat Pay, says official ” China’s central bank digital currency, or CBDC, will provide backup for major retail payment services like AliPay and WeChat Pay as its key objective, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank…
“# Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike ” Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches for “bear market” spiked 102%. One trend that remained strong was NFT-related, with NFTs receiving an 86% increase in WeChat searches over the seven-day…
“# China and Japan go full steam ahead with CBDC pilots ” China and Japan are pushing forward with their respective pilots for central bank-issued digital currencies, or CBDCs. On March 26, Bank of Japan announced it had established the Liaison and Coordination Committee on Central Bank Digital Currency to convene with both the private…
“#H&M, Nike join brands facing boycotts over statements on Xinjiang cotton” Nike and Adidas came under attack on Chinese social media on Thursday over past comments the fashion brands have made about labor conditions in Xinjiang, part of a diplomatic row between China and the West. The sportswear companies were the latest caught up in a backlash prompted by a Chinese government call to stop foreign brands from tainting China’s name…
“#Scientists mull clues on virus’ origin” GENEVA — A team of international and Chinese scientists is poised to report on its joint search for the origins of the coronavirus that sparked a pandemic after it was first detected in China over a year ago — with four theories being considered and one the clear frontrunner,…
“# Are emerging markets missing out on DeFi due to gas fees? ” Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as little 10% of visitors engaging with the top DeFi DApps. Proponents have long hoped crypto and DeFi would allow…
“#US reporters enable Beijing and other commentary” Media watch: US Reporters Enable Beijing Major media have imagined a racial motive for the Atlanta shooting spree to feed “a social-media audience of woke identitarians — and now the Chinese Communist Party is getting in on the act,” reports Stephen L. Miller at Spectator USA. All facts…
“#Elon Musk cozies up to China as Tesla faces growing scrutiny” Tesla CEO Elon Musk is cozying up to China as the electric-car maker faces growing scrutiny in one of its most important markets. The world’s second-richest man reportedly sang Beijing’s praises in a recent interview with state-run China Central Television as he tried to…