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” Bitcoin mining pool BTC.com reports $3M cyberattack “ Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets, the mining…
“Tesla shuts down Shanghai plant as COVID cases in China surge” Tesla suspended production at its busiest facility in Shanghai, according to an internal memo. No reason was given for the work stoppage, according to Reuters, whose reporters saw the communication. It simply told the morning shift workers they could start their holiday break early….
China Box Office: ‘Avatar 2’ Opens Far Below Tracking at $57.1M as COVID Outbreak Bites Disney and 20th Century’s Avatar: The Way of Water opened in China over the weekend to $57.1 million, a starting haul that would be considered a heroic comeback for Hollywood in the increasingly choppy China market — if the movie were made…
Global Box Office Forecast to Hit $29B in 2023, But Remain Well Below Pre-Pandemic Levels The global cinema box office continues its slow but steady rise out of the COVID pandemic. With the year nearly done, box office analysis firm Gower Street is forecasting worldwide theatrical revenues will hit $25.8 billion in 2022 (by Gower…
“Senate passes bill that bans TikTok on government devices” Legislation banning the use of TikTok on government devices passed the Senate on Wednesday amid concerns data obtained by the popular social-media app may fall into the hands of the Chinese Communist Party. The “No TikTok on Government Devices Act,” sponsored by Sen. Josh Hawley (R-Mo.),…
“Paypal as Big Brother, not out of woods on inflation and other commentary” Tech desk: Paypal as Big Brother “Fifty-eight percent of Americans use PayPal, and in 2021, there were 19.3 billion PayPal transactions,” notes Rupa Subramanya at The Free Press. But it’s “becoming a police officer” by “locking out of the financial system those…
“Tracking COVID cases impossible as infections climb, China says” The surge of COVID-19 cases in China is now “impossible” to track, the country’s top health agency announced Wednesday, one week after the country abruptly rolled back its draconian measures aimed at preventing the spread of the virus. Since mandated COVID-19 tests have been lifted and…
“Biden’s nuclear blindness, why Dems lose rural America and other commentary” Foreign desk: Biden’s Nuclear Blindness “Reality is undermining whatever attraction” the Nuclear Proliferation Treaty once held, warns The Wall Street Journal’s William McGurn. How long before leaders in Taiwan, listening to threats from Xi Jinping, conclude “their only hope is to restart their secret…
Imax China Hires CAA Executive Daniel Manwaring as CEO Imax has named veteran Beijijng-based executive Daniel Manwaring CEO of its Imax China subsidiary. Manwaring, who has been based in China since 2006 and speaks fluent mandarin, joins the giant screen exhibitor from CAA, where he spent the past decade, most recently leading the agency’s China…
“China to drop travel tracing as it relaxes ‘zero-COVID’” BEIJING — China will drop a travel tracing requirement as part of an uncertain exit from its strict “zero-COVID” policies that have elicited widespread dissatisfaction. At midnight on Monday, the smart phone app will cease to function, meaning residents’ travels will not be traced and recorded,…