DIRS.INFO The most relevant business & tech news

☆ Livestream shopping took China by storm. Now Amazon, TikTok and YouTube are betting the QVC-style pitches will take off in the U.S.
▼ + stars: | 2023-02-14 | by ( Katie Tarasov | ) www.cnbc.com time to read: +6 min

Livestream shopping took China by storm over the past three years. In the U.S., TikTok, Amazon, Walmart , Shopify and YouTube are all getting in on the game. On Amazon Live, influencers pitch products live from the intimacy of their own homes. Tiana Young MorrisTiana Young Morris first went viral in 2020 for videos in which she tried on wigs and then reviewed them. Amazon continued its live-shopping investments with the launch of Amazon Live in India in September.

☆ Here's why the US economy won't fall into a recession this year or next, according to a key market signal
▼ + stars: | 2023-02-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

In that case, it may be wise to heed a key bond market signal that's saying we'll avoid a recession after all. But if you look at the bond market, there's a clear answer that seems to be forming: The US economy won't enter a downturn this year or next. That's because the spread between corporate bonds and Treasury yields is steadily narrowing, according to DataTrek Research. The spread between corporate bond yields and US Treasuries helps measure the risk appetite of bond traders. Strategists warned that markets have yet to price in an earnings recession, which could pose a major headwind in 2023.

REUTERS/Tingshu WangBEIJING/WUHAN, Jan 2 (Reuters) - Some people in China's key cities of Beijing, Shanghai and Wuhan braved the cold and a spike in COVID-19 infections to return to regular activity on Monday, confident of a boost to the economy as more recover from infections. But Monday's one new COVID death - flat with the previous day - among China's population of 1.4 billion does not match the experience of other countries after they re-opened. Cumulative deaths in China since Dec. 1 have probably reached 100,000, with infections at 18.6 million, it said. Airfinity expects China's COVID infections to reach their first peak on Jan. 13, with 3.7 million daily infections. China has said it only counts deaths of COVID patients caused by pneumonia and respiratory failure as COVID-related.

[1/6] People release balloons as they gather to celebrate New Year's Eve, amid the coronavirus disease (COVID-19) outbreak, in Wuhan, Hubei province, China January 1, 2023. “I was still afraid when I came out tonight, but I just wanted to come out, because everyone has come out." In late November hundreds of people took part in lockdown demonstrations on the streets of cities across the country including Wuhan. “Those restrictions were in place for too long, so perhaps people were pretty unhappy," said 24-year-old Wuhan resident surnamed Chen, who works in e-commerce. “People have been afraid to come out since the COVID policy was loosened,” he said.

☆ 'The ICU is full': medical staff on frontline of China's COVID fight say hospitals are 'overwhelmed'
▼ + stars: | 2022-12-26 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

Bernstein's account reflects similar testimony from medical staff across China who are scrambling to cope after China's abrupt U-turn on its previously strict COVID policies this month was followed by a nationwide wave of infections. "The hospital is just overwhelmed from top to bottom," Bernstein told Reuters at the end of a "stressful" shift at the privately owned Beijing United Family Hospital in the east of the capital. In the past month, Bernstein went from never having treated a COVID patient to seeing dozens a day. Elsewhere in China, medical staff told Reuters that resources are already stretched to the breaking point in some cases, as COVID and sickness levels amongst staff have been particularly high. The National Health Commission did not immediately respond to a Reuters request for comment on the concerns raised by medical staff in this article.

The country spent big on quarantine and testing facilities over the past three years rather than bolstering hospitals and clinics and training medical staff, these people said. "There is no transition time for the medical system to prepare for this," said Zuofeng Zhang, professor of epidemiology at the University of California, Los Angeles. The failure to boost vaccination rates among the vulnerable could imperil China's health system, more than a dozen experts said. The death of a 23-year-old medical student in Chengdu on Dec. 14 fueled public ire at the strain on China's health system. Chen Jiming, a researcher at China's Foshan University, said there was every chance that China's medical system could cope now that the country has ended quarantine for asymptomatic and mild cases.

[1/2] People line up next to a medical worker in a protective suit, at a fever clinic of a hospital amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 15, 2022. The pivot away from President Xi Jinping's signature "zero-COVID" policy followed unprecedented widespread protests against it. But, WHO emergencies director Mike Ryan said COVID-19 infections were exploding in China well before the government's decision to phase out its stringent regime. There are increasing signs of chaos during China's exit from the zero-COVID policy - with long queues outside fever clinics, runs on medicines, and panic buying across the country. China Meheco Group Co Ltd (600056.SS) said on Wednesday it signed a deal to import the U.S. drugmaker's treatment.

☆ China cracks down on drug price gouging amid fears of COVID spike
▼ + stars: | 2022-12-10 | by ( ) www.reuters.com time to read: +2 min

China announced 10 measures on Wednesday that loosened key parts of President Xi Jinping's signature zero-COVID policy, in a dramatic pivot toward economic reopening. But concerns are increasing of a spike in infections as people scramble for cough medicines, flu drugs and masks. China's State Administration for Market Regulation admonished against price gouging in anti-COVID products, citing the need to better protect human lives and health. In a warning letter posted on Friday, the watchdog banned activities including price inflation, collusion, price discrimination, misleading propaganda and hoarding. In addition, they must not hoard anti-pandemic supplies that are in short supply, or spread word of price hikes to disrupt market order, the watchdog said.

But the popular traditional Chinese medicine Lianhua Qingwen, used for symptoms like fever and cough, and antigen test kits remained harder to find. Online pharmacies across China have run out of drugs and test kits, prompting the government to crack down on hoarding. Heat was insufficient because of "unstable" coal supplies caused by COVID, state-run Baoding Daily reported, without giving details. "I have no fear" of COVID, said Yang, a farmer who is fully vaccinated and with no underlying diseases. China has reported no deaths since easing the COVID curbs, with fatalities to date around 5,200, versus more than 1 million in the United States.

☆ In China's Wuhan, a shadow of reserve and resentment even as COVID lockdowns ease
▼ + stars: | 2022-12-09 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

"We know the country is reopening but we ourselves haven't let down our guard," said one Wuhan cornershop owner. "This has never happened before, not even at the start of the outbreak in 2020," said one Wuhan pharmacist surnamed Liu. Health authorities in Wuhan reported 229 new COVID cases on Thursday, while health authorities in Beijing reported more than 16,000 cases nationwide on the same day. REUTERS/Martin Pollard 1 2 3 4By November, as frustration towards the zero-COVID policies mounted, some Wuhan residents like Sam Yuen, a teacher, joined protests demanding an end to the lockdowns, alongside thousands of others in cities across China. City authorities put the official death toll at 3,869 in April 2020.

☆ Scenes from China as COVID protests flare
▼ + stars: | 2022-11-30 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Residents tear down fencing used for containing COVID outbreaks, as nationwide public anger mounts over the "zero-COVID" policy curbs, in Wuhan, Hubei province, China in this still image from undated video released November 27, 2022 and obtained by...moreResidents tear down fencing used for containing COVID outbreaks, as nationwide public anger mounts over the "zero-COVID" policy curbs, in Wuhan, Hubei province, China in this still image from undated video released November 27, 2022 and obtained by REUTERSClose

☆ COP27 climate summit: Here's what to watch
▼ + stars: | 2022-11-06 | by ( Ella Nilsen | ) edition.cnn.com time to read: +9 min

Given countries’ current promises, Earth’s temperature will climb to between 2.1 and 2.9 degrees Celsius by 2100. “No country has a right to be delinquent,” US Climate Envoy John Kerry told reporters in October. It is likely loss and damage will have space on the official COP27 agenda this year. And US officials often stress they want to also unlock private investments to help countries transition to renewables and deal with climate effects. Getty ImagesCOP27 is intended to hold countries’ feet to the fire on fossil fuel emissions and gin up new ambition on the climate crisis.

☆ His COVID lockdowns made him one of the most unpopular politicians in China. Xi Jinping just made him the 2nd-most powerful man in the country. Meet Li Qiang.
▼ + stars: | 2022-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

They key to his success is his loyalty to President Xi Jinping, experts say. But on October 23, Chinese President Xi Jinping made it clear: It didn't matter. Xi Jinping, Li Qiang, and other members of China's new top leadership walk in order of their rank. But his real value to Xi comes in the form of his loyalty to Xi, Wu said. Xi Jinping doesn't look into other things.

☆ Hu Chunhua: From rural roots to candidate for China premiership
▼ + stars: | 2022-10-11 | by ( Dominique Patton | ) www.reuters.com time to read: +4 min

"For his policy record, I would pick Hu," said Yu Jie, senior research fellow on China at Chatham House. Hu is depicted in state media as a man of action, sometimes shown checking on planting progress in far-flung provinces. YOUTH LEAGUE ROOTS, POVERTY FIGHTERHu got his start in the party training ground of the Communist Youth League. Despite his Youth League roots - the faction was seen to be a rival to Xi's - Hu has proved his loyalty to Xi, promoting many of his initiatives in rural areas, including the campaign to eradicate poverty. Hu also wrote a paean to Xi's "historic achievements" on rural issues published in the party's official People's Daily in July.

☆ Here to stay? China's cityscapes transformed by thousands of COVID test booths
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Not so China itself - in cities big or small, routine PCR testing is the new normal. read moreRegister now for FREE unlimited access to Reuters.com RegisterTens of thousands of kerbside sampling booths where people can be tested day and night have become a permanent feature of Chinese cityscapes. Testing booths, typically container-like structures erected in the middle of a pavement, are staffed by a few health workers in hazmat suits ready to take quick throat swabs. "Doing a PCR test every two days, I really feel it's a pure waste of resources," posted one user of Weibo, a popular Twitter-like microblog in China. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ryan Woo; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

The cruise ship is the biggest cluster of infected people outside China, with some 285 confirmed cases out of 3,500 passengers and crew. 6:00 pm: First coronavirus death confirmed in Europe, French health minister saysAn 80-year-old Chinese tourist has died of the new coronavirus in a hospital in France, French Health Minister Agnes Buzyn said Saturday, confirming the first fatality from the fast-spreading respiratory virus in Europe. watch nowThe cruise ship is the biggest cluster of infected people outside China, with some 285 confirmed cases out of 3,500 passengers and crew. — Feuer1:21 pm: CDC concerned with report of infected health workers in ChinaA U.S. Centers for Disease Control and Prevention official said the notice from China's National Health Commission about 1,716 health workers infected with the coronavirus was "concerning." Dr. Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases, told reporters during a press briefing that there are currently no U.S. health workers infected with the virus.

☆ Next two weeks will be critical for China in coronavirus outbreak, IMF chief says
▼ + stars: | 2020-02-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +4 min

China's National Health Commission on Friday reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus. She explained that not only was this strain of the new virus, COVID-19, different than SARS but China and the world economy had also changed. China only represented 8% of the world economy in the early 2000s and now makes up a 19% share, she pointed out. She added that the world economy at that time was "actually in quite good shape," but was now more "sluggish." Physicians have likened it to the outbreak of SARS, which had a short incubation period of two to seven days.

Search resuls for: "Hubei province"

17 mentions found