Shanghai residents are using the blockchain to record and preserve memories of their city’s month-long COVID-19 lockdown, minting movies, images, and artwork as non-fungible Tokens (NTFs) that may be ...
Tag: lockdown
Setback In Shanghai As New Covid Cases Reported Beyond Lockdown, Beijing Carries Out More Mass Testing
Topline Shanghai—which has largely remained under lockdown for more than a month—faced a setback on Monday as officials detected 58 new Covid-19 cases outside neighborhoods that are under complete loc...
Investors Fear Beijing Lockdown After Testing
Key News Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed. Reports of mass covid t...
Pinduoduo, Alibaba Lead Chinese ADR Decline Amid Lockdown Woes
(Bloomberg) — U.S.-listed Chinese stocks look set to open in the red on Monday as expanded Covid lockdown measures in major cities sparked concerns over the country’s economic growth outlook. Mo...
Chinese stocks and yuan fall as Beijing braces for Shanghai-like lockdown
Mainland Chinese indexes turned red and led the drop-off, as Asian markets fell sharply on Monday, April 25. The Shenzen Component Index fell 6.08% to 10,379.28, while the Shanghai Composite Index dec...
China Lockdown Fears Rip Through Markets as Stocks, Yuan Tumble
(Bloomberg) — Fears about the economic toll of China’s strict Covid Zero policy intensified Monday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumblin...
China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown
(Bloomberg) — China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame a rapidly spreading virus hobbles vast swathes of the economy...
Shanghai’s Covid Lockdown Deals A Blow To Elon Musk’s Tesla Production Goals
Workers at Tesla’s Shanghai Gigafactory build a Model 3 electric sedan. Newscom Tesla looks set for a year of dramatic growth amid spiking demand for its electric vehicles and the addition of tw...
Another China Lockdown Threatens This Apple Product
As electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report is preparing to resume operations at its Gigafactory Shanghai after shutting down since March 28 for a Covid-19 lockdown, tech gian...
Xi’s Shanghai lockdown and Putin’s Ukraine invasion are screwing up inflation’s return to normal
Inflation just keeps going up. The U.S. inflation rate rose 8.5% in March, with the prices of food, gas, and housing going up the most. Before last summer, those kinds of numbers hadn’t been seen in t...
Here Are New Shortages You Might See Soon
An aerial view of shipping containers stacked at Yangshan Deepwater Port, the world’s biggest … [+] automated container terminal, in Shanghai. The United States is dependent on a number of...
China’s Tech Leaders Warn Of Widespread Production Halt If Shanghai Lockdown Continues
Richard Yu, chief executive officer of the consumer business at Huawei Technologies, talks about the Huawei Mate 30 smartphone in Munich, Germany, on Sept. 19, 2019. Michaela Handrek-Rehle/Bloomberg T...
U.K. Prime Minister Boris Johnson Will Be Fined Over Covid Lockdown Parties
Topline British Prime Minister Boris Johnson will be fined by the Metropolitan Police for breaking Covid-19 lockdown rules following allegations of parties at government offices, Johnson’s office told...
Hard-Hit Shanghai Extends Covid Lockdown As Cases Surge
Topline Shanghai reported more than 13,000 new Covid-19 cases on Tuesday as the city’s outbreak surges despite an ongoing lockdown, prompting authorities in the Chinese financial hub to indefinitely e...
Traders Caught in Shanghai Lockdown Skip Showers, Lose Sleep
(Bloomberg) — Henry, a fund manager, is currently sharing a single bathroom in his office in Shanghai’s financial district with more than 20 people, none of whom have access to a shower. He does...
Oil Prices Drop As China Initiates Biggest Covid Lockdown In 2 Years
Crude oil prices started the week with a decline in response to the start of a lockdown in Shanghai due to the high number of Covid infections, rekindling concern about the loss of oil demand in the w...
Elon Musk Says He ‘Supposedly’ Has Covid Again
Topline Billionaire Tesla CEO Elon Musk, who has promoted Covid-19 misinformation and fiercely objected to vaccine mandates and stay-at-home orders throughout the pandemic, said on Monday he has “supp...
Shanghai Enters Two-Stage Lockdown As China Scrambles To Contain Covid Surge
Topline The city of Shanghai on Monday entered a two-stage lockdown, China’s biggest in more than two years, as the country’s financial hub with a population of 26 million continued to report a growin...
Chinese shares plunge as Shenzhen goes into lockdown – live updates
Shenzhen – Daniel Berehulak/Getty Images 08:17 AM Why Shenzhen matters The lockdown of Shenzhen is a big deal: the city is a major producer of electronic and automotive components, so prolonged ...
Hang Seng slumps 3% over COVID lockdown worries, oil falls as Russian attacks in Ukraine intensify
BANGKOK (AP) — Stocks were mixed in Asia and oil prices fell Monday as uncertainty over the war in Ukraine and persistently high inflation kept investors guessing about what lies ahead. Tokyo and Sydn...
China’s Tech Rout Deepens Amid Lockdown, Geopolitical Worries
(Bloomberg) — The relentless selloff in Chinese technology stocks continued in Hong Kong on Monday as a lockdown in Shenzhen, a key sector hub, added to investor angst over geopolitical and regu...
Lockdown In China, Positive Developments Among Russian And Ukraine: Threat Or Allurement In Crypto Sector?
China has announced the spiking Covid-19 cases and has alerted citizens to stay inside their homes, to stop further spread. As per the reports, another 397 cases of domestic transmission were discover...
New Zealand Will Loosen Its Strict Border Lockdown Next Month Ahead Of Full Reopening In October
Topline New Zealand authorities on Thursday announced plans for a phased reopening of the country’s borders—with restrictions being lifted in October—outlining the end of some of the world’s most stri...
Tsunami-Hit Tonga Goes Into Lockdown After After Foreign Aid Brings Covid-19
Topline Tonga entered lockdown on Wednesday after recording its first locally spread cases of Covid-19 among port workers and their families involved in distributing humanitarian aid in the wake of t...
Childhood Trauma Linked To Covid Vaccine Hesitancy, Lockdown Defiance, Study Says
Topline People who experienced childhood trauma are more likely to feel unfairly restricted by government anti-Covid measures, to reject Covid vaccination and to support ending masking and social dist...
Federal Prison System On Lockdown Following Deadly Gang Fight
Topline The U.S. federal prison system imposed a nationwide lockdown Monday following a purported gang-related altercation that left two inmates dead and another two injured—the latest incident in the...
UK investigation into Downing Street Covid lockdown parties finds ‘failures of leadership’
Prime Minister Boris Johnson leaves 10 Downing Street to make a statement at Parliament on January 31, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The interim find...
Commentary: Bitfinex Trading Team On Bitcoin Price Amidst Fed Increased Rates, China’s Lockdown
The Fed is expected to announce an increase in interest rates by 25 basis points, as Analysts predict. The Ukraine-Russian crisis continues while diplomats from both countries hold the fourth round o...