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“How China’s COVID surge will affect the world economy” It would be a gross understatement to say China is ill-prepared for President Xi Jinping’s recent abrupt abandonment of his zero-COVID policy. With a large part of the population inadequately vaccinated, COVID is spreading like wildfire across the country. More than half the passengers on a…
The Hill’s Morning Report — Santos faces growing criticism after revelations Rep.-elect George Santos (R-N.Y.) continues to face controversy after admitting Monday to fabricating pieces of his work and education background. In his campaign to represent Long Island in the House, Santos falsely claimed that he earned a college degree and worked directly with Goldman…
” China’s CBDC wallet resorts to ages-old tradition to boost adoption “ China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users. The new feature was released over the weekend, around…
” 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…