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“#China weighs ‘unprecedented’ penalties for Didi after US IPO” China is reportedly weighing “unprecedented” penalties for Didi after the ride-sharing giant went public in the US in June despite a crackdown from its home country’s cybersecurity regulator. China’s government may forcibly introduce a state-owned investor to the company’s board or force Didi — popularly known…
“#All 14 workers confirmed dead in China tunnel flood” BEIJING — The bodies of all 14 workers trapped when a tunnel under construction was flooded last week have been recovered, authorities in southern China said Thursday. A brief statement on the Zhuhai city government’s social media site gave no further information about the cause of…
“#Here’s what’s gone ‘right’: Devine” With President Biden celebrating six months in office this week, it may seem as if Jane Fonda was prophetic when she declared last year that “COVID is God’s gift to the left.” But never despair. As the dust settles from the pandemic and we grimly survey the gains made by…
“# Digital yuan pilots expand to insurance industry for the first time ” China’s nascent central bank digital currency, the digital yuan, has already been deployed for an extensive array of successful pilot schemes, ranging from e-commerce to salary payments and to festive traditional lotteries. This week has reportedly seen the currency debut in the…
“# China wants US senators to ‘stop making trouble’ out of digital yuan ” The heat is rising between the United States lawmakers and Chinese officials even before the Olympic flame ignited at the 2022 Beijing Winter Games. During a press briefing on Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian addressed U.S. senators’ warning letter…
“#Fauci, Sen. Paul clash over ‘gain of function’ research at Wuhan lab in China” Dr. Anthony Fauci and Sen. Rand Paul sparred Tuesday over claims that the Chinese lab where the virus is suspected to have emerged was doing “gain of function” research with funds provided by the National Institutes of Health. Beginning his questioning…
“#China unveils 373 mph ‘levitating’ train, fastest in the world” China unveiled a futuristic “levitating” train on Tuesday that has a top speed of 373 miles per hour — making it the fastest ground vehicle in the world. By comparison, Tesla’s Model S Plaid — which the company bills as the fastest production car in…
“# Institutional demand for Bitcoin evaporates as BTC struggles below $31K ” The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro…
“# US lawmakers don’t want Olympic athletes to use digital yuan at 2022 games ” Three U.S. senators have signed a letter urging Olympic officials to forbid American athletes from handling digital yuan during the Beijing 2022 Winter Games. In a Monday letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons, Republican senators…
“#Kris Wu, one of K-pops biggest stars, accused of sexual abuse” Kris Wu, the Chinese Canadian rapper and former member of K-pop supergroup Exo, has been accused of rape by a fan who claims she’s not the only one. Now, some of Wu’s biggest sponsors are pulling the plug on partnerships with the embattled star…