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☆ China's capital swings from anger over zero-COVID to coping with infections
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +4 min

[1/3] Pandemic control workers in protective suits sit in a neighbourhood that used to be under lockdown, as coronavirus disease (COVID-19) outbreaks continue, in Beijing, China December 10, 2022. Anecdotal evidence suggests that many businesses have been forced to close as infected workers quarantine at home while many other people are deciding not to go out because of the higher risk of infection. "We can see that hundreds of thousands or tens of thousands of people are infected in several major cities," Zhong said. China's economy may grow 1.6% in the first quarter of 2023 from a year earlier, and 4.9% in the second, according to Capital Economics. Inbound travellers are subjected to five days of quarantine at centralised government facilities and three additional days of self-monitoring at home.

In the central city of Wuhan, where the pandemic erupted in late 2019, there were more signs of life with some areas busy with commuters on Friday. "They've relaxed the measures but still, there’s nobody about," said a taxi driver surnamed Wang, who didn't want to give his full name. But there are signs the reassuring new message has still to convince many of the country's 1.4 billion people. China's current tally of 5,235 COVID-related deaths is a tiny fraction of its population of 1.4 billion, and extremely low by global standards. Some experts have warned that toll could rise above 1.5 million if the exit is too hasty.

☆ Inside China's fight over the future of zero-COVID
▼ + stars: | 2022-12-02 | by ( David Stanway | ) www.reuters.com time to read: +10 min

After nearly three years, a significant loosening of zero-COVID measures has been signalled by senior government officials and public health experts. Vice Premier Sun Chunlan said on Thursday that China's health system had "withstood the test" of COVID, allowing further adjustments to state policies. "You can have zero-COVID, but you can't have a healthy economy, and you can have a healthy economy, but you can't have zero-COVID." Laura Yasaitis, a public health expert at the Eurasia Group think-tank who follows China's zero-COVID policies, said fear of the virus likely varied widely across the country, as well as within cities or provinces. Officials have repeatedly said that China's health system would be unable to cope with a surge in cases, with medical resources unevenly distributed across the country.

☆ 26 Early Black Friday Deals to Shop Right Now
▼ + stars: | 2022-11-14 | by ( ) www.wsj.com time to read: +10 min

Madewell’s pre-holiday sale includes an extra 30% off sale styles and an extra 50% off select sale styles with the code SALEONSALE. The Segway Ninebot F30, a variant of the best electric scooter, is now available for $50 less than its previous best price. This is the lowest price we’ve ever seen for the Bonfire, with the sale running through Dec. 4. For Sur La Table’s Black Friday Early Deals event, select cookware is up to 60% off. Monos is offering up to 40% off sitewide during its early Black Friday sale.

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☆ 24 Early Black Friday Deals to Shop Right Now
▼ + stars: | 2022-11-11 | by ( ) www.wsj.com time to read: +9 min

By Buy Side StaffIt’s not quite Black Friday yet, but that’s not stopping many of the top retailers from unleashing holiday deals. Madewell’s pre-holiday sale includes an extra 30% off sale styles and an extra 50% off select sale styles with the code SALEONSALE. The Segway Ninebot F30, a variant of the best electric scooter, is now available for $50 less than its previous best price. This is the lowest price we’ve ever seen for the Bonfire, with the sale running through Dec. 4. For Sur La Table’s Black Friday Early Deals event, select cookware is up to 60% off.

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☆ 19 Early Black Friday Deals to Shop Right Now
▼ + stars: | 2022-11-09 | by ( ) www.wsj.com time to read: +7 min

By Buy Side StaffIt’s not quite Black Friday yet, but that’s not stopping many of the top retailers from unleashing holiday deals. It’s currently more than 50% off and close to the lowest price we’ve seen. Right now during the brand’s holiday sale, it’s more than 30% off. This is the lowest price we’ve ever seen for the Bonfire, with the sale running through Dec. 4. For Sur La Table’s Black Friday Early Deals event, select cookware is up to 60% off.

☆ Two investors opposed to debt plan call for Orpea shareholder meeting
▼ + stars: | 2022-11-09 | by ( Andreas Rinke | Christina Amann | ) www.reuters.com time to read: +2 min

Nov 9 (Reuters) - Two shareholders that together own more than 5% of France's Orpea (ORP.PA) have called for a shareholder meeting at the beleaguered care homes group as they try to rally opposition to its planned debt restructuring plan. "An unprecedented shareholder ruin is now emerging", family-owned Mat Immo Beaune and investment group Nextstone said in a letter sent to Orpea on Tuesday and reviewed by Reuters. Orpea said in June an independent audit had found evidence of financial wrongdoing, and in October warned of asset impairments and said it had requested talks with creditors. French media outlet l'Agefi on Monday reported ESG-driven fund Mirova had sold its 4% stake in Orpea. Shares in Orpea, which have lost 90% of their value this year, were down 2% at around 1100 GMT.

☆ China's super-rich see fortunes plunge as economy slows
▼ + stars: | 2022-11-08 | by ( Brenda Goh | ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday. The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. "This year has seen the biggest fall in the Hurun China Rich List of the last 24 years," said Rupert Hoogewerf, chairman and chief researcher of research firm Hurun Report which compiles the list. The founder of TikTok owner ByteDance, Zhang Yiming, took second place, but saw his wealth fall 28% to $35 billion due to a drop in ByteDance's valuation. Tencent founder Pony Ma posted the second largest drop in wealth of $14.6 billion amid sliding tech stock prices, to take fifth place on the list.

☆ Alibaba’s Jack Ma and China’s super-rich see billions wiped off fortunes as economy slows
▼ + stars: | 2022-11-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling mainland and Hong Kong stock markets pummeled fortunes, according to an annual rich list. Tencent founder Pony Ma posted the second largest drop in wealth amid sliding tech stock prices. The founder of TikTok owner ByteDance, Zhang Yiming, took second place, but saw his wealth fall 28% to $35 billion due to a drop in ByteDance’s valuation. Tencent (TCEHY) founder Pony Ma posted the second largest drop in wealth of $14.6 billion amid sliding tech stock prices, to take fifth place on the list. Alibaba (BABA) founder Jack Ma and his family tumbled four places to be ranked No.

NEW YORK, Nov 7 (Reuters) - The United States is seeking a forfeiture order for more than $1 billion in Bitcoin that was stolen from the Silk Road online marketplace in 2012, federal prosecutors in Manhattan said on Monday. Zhong on Friday pleaded guilty to wire fraud that tricked Silk Road's processing system into releasing the funds into his accounts. The Bitcoin was at the time worth more than $3 billion, but the value of the cryptocurrency has since lost about two-thirds of its value. Silk Road was seized by the U.S. government in 2013, when officials described the underground website as a massive illegal drug- and money-laundering marketplace. The website's creator Ross Ulbricht was convicted in 2015 of seven counts of enabling illegal drug sales via bitcoin.

☆ Feds announce $3.36 billion seizure of bitcoin, the second-largest recovery of crypto so far
▼ + stars: | 2022-11-07 | by ( Paige Tortorelli | ) www.cnbc.com time to read: +3 min

The Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously-unannounced 2021 raid on the residence of James Zhong. It follows the $3.6 billion in allegedly stolen cryptocurrency linked to the 2016 hack of the cryptocurrency exchange, Bitfinex. Silk Road was launched in 2011, but the Federal Bureau of Investigation shut it down in 2013. IRS-CI Special Agent in Charge Tyler Hatcher said Zhong used a "sophisticated scheme" to steal the bitcoin from the Silk Road marketplace. In October 2022, Binance, the world's largest crypto exchange by trading volume, suffered a $570 million hack.

☆ The Justice Department said that it seized $3.4 billion in bitcoin stolen a decade ago through the 'Silk Road' dark web
▼ + stars: | 2022-11-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The Justice Department announced a seizure of $3.36 billion in stolen bitcoin. Defendant James Zhong pleaded guilty to wire fraud using a dark web market called the Silk Road. The DOJ's statement said that Zhong pled guilty on Friday to committing wire fraud back in September 2012. In February 2022, the department seized about $4 billion of bitcoin in the wake of a 2016 theft. Zhong had stolen the bitcoin by executing a scheme to defraud the Silk Road by creating a string of approximately nine fraud accounts on the site, the statement said.

NEW YORK, Nov 7 (Reuters) - The United States is seeking the forfeiture of more than $1 billion in Bitcoin stolen from the Silk Road online marketplace, federal prosecutors in Manhattan said on Monday. By the time it was seized, the Bitcoin was worth more than $3 billion. Some of the stolen Bitcoin was found on a computer in a popcorn tin stored in a bathroom closet, IRS special agent Trevor McAleenan said in an affidavit. The U.S. government seized Silk Road in 2013, describing the underground website as a massive illegal drug and money-laundering marketplace. Silk Road creator Ross Ulbricht was convicted in 2015 of seven counts of enabling illegal drug sales via bitcoin.

☆ Father blames China's COVID policy for son's death that sparked online anger
▼ + stars: | 2022-11-02 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +4 min

The boy's death is the latest incident to trigger blowback over China's strict zero-COVID policy, with one critical hashtag racking up 380 million reads on Wednesday on the Twitter-like Weibo platform. At around midday on Tuesday, after his wife slipped and fell after being affected by gas fumes while cooking, Tuo noticed that his son, Wenxuan, was also unwell. Tuo said he tried desperately to call for an ambulance or police, but could not get through. One hashtag, "Three years of COVID was his entire life", became a trending topic before being scrubbed, a common occurance on China's heavily censored Internet. Tuo said he rejected the offer, instead demanding an explanation for his son's death.

☆ China's richest people lost about $13 billion in just one day due to a market sell-off after President Xi Jinping secured a third term
▼ + stars: | 2022-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The 13 richest people in China lost $12.7 billion on Monday alone, per Bloomberg. Their losses were due to a massive market sell-off over President Xi Jinping's third term in office. Tencent founder and CEO, Pony Ma, was the biggest loser in the market rout, as his net worth plunged by $2.5 billion to $24 billion, per Bloomberg. Alibaba founder Jack Ma lost $1.2 billion, bringing his net worth down to $29 billion, while JD.com's Richard Liu saw his net worth fall by $1.3 billion to $9 billion, according to Bloomberg. Alibaba shares fell 13% on the Nasdaq and 11% in Hong Kong.

HONG KONG — Xi Jinping secured a historic third term as leader of China on Sunday, cementing his status as the country’s most powerful figure in decades and extending his authoritarian rule over the world’s second-largest economy. The Chinese leader Deng Xiaoping introduced the limit in 1982 to prevent a return to a Mao-style cult of personality. The Chinese leader reiterated the goal of peaceful “reunification,” without renouncing the possible use of force. “Xi still promises no specific timeline on unification.”But the Chinese leader did put greater emphasis on warning “external forces” to stay out of the Taiwan issue. A telecast of Chinese President Xi Jinping plays on a screen in Hong Kong on Monday.

☆ CIFI shares fall further, bonds mixed after clarification
▼ + stars: | 2022-09-29 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

Hong Kong-listed shares of CIFI were down 25.6% at HK$0.64 after hitting a record low of HK$0.63 earlier in the session. The stock fell 32.3% on Wednesday after reports said the company had missed payment on certain non-standard debt. The company said it made interest payment on Wednesday in respect to its offshore 6.55% senior notes due 2024. CIFI's dollar bonds strengthened marginally across the curve after the filing, but its onshore bonds broadly continued to fall on Thursday. A broader index tracking mainland developers listed in Hong Kong (.HSMPI) fell 2.5%, adding to its 6.4% fall on Wednesday and hitting a record low.

☆ Explainer: What's inside China's toolbox to rein in excess yuan weakness?
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +4 min

The local currency also looks set for the biggest annual loss since 1994, when China unified official and market exchange rates. The rapid yuan declines prompted the People's Bank of China (PBOC) to lower the amount of foreign exchange financial institutions must hold as reserves to rein in weakness. The PBOC has been setting firmer-than-expected daily yuan midpoint fixings since late August to prevent excess yuan weakness, as the onshore spot yuan can only trade in a 2% narrow range around the midpoint. The central bank adjusted the methodology a few times before suspending it in October 2020. "The yuan exchange rate level itself is not the most important, the nature of the issue is whether China's cross-border capital flows remain stable," said Zhong Zhengsheng, chief economist at Ping An Securities.

☆ The Coming California Megastorm
▼ + stars: | 2022-08-12 | by ( Raymond Zhong | ) www.nytimes.com time to read: +5 min

For their new study, which was published in the journal Science Advances, Dr. Huang and Dr. Swain replayed portions of the 20th and 21st centuries using 40 simulations of the global climate. There are “so many different factors” that make an atmospheric river deadly or benign, Dr. Huang said. Wes Monier, a hydrologist, with a 1997 photo of water rushing through the New Don Pedro Reservoir spillway. Mr. Monier is chief hydrologist for the Turlock Irrigation District, which operates the New Don Pedro Reservoir near Modesto. The Tuolumne River, where the Don Pedro sits, was coming out of its driest four years in a millennium.

☆ Revista NANO ENERGY a publicat o nouă lucrare științifică marca UTM
▼ + stars: | 2021-06-14 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

univ., dr. hab. hab., șef DMIB, Oleg LUPAN, directorul Centrului Nanotehnologii și Nanosenzori, UTM, în colaborare cu echipa prof. univ., dr. hab. hab., UTM) a fost formată ad-hoc pentru soluționarea unei probleme specifice, implicând profesioniști din Republica Moldova în strânsă colaborare cu cei de la Kiel University – Germany, PSL Université – France, University of Central Florida – USA, University of Leeds – United Kingdom, University of Brescia – Italy, Utrecht University – The Netherlands. Acest material a fost scris și redactat de echipa UTM.

Persons: Nicolai ABABII, ., . hab, Oleg LUPAN, ABABII, Rainer ADELUNG, . Zhong Lin WANG, Drd, Oleg Lupan Organizations: ENERGY, UTM, Universitatea Tehnică a Moldovei, Universitatea din, Georgia Institute, Germany, PSL, University of Central, University of, United Kingdom, Open Locations: Universitatea din Kiel, Germania, Georgia, Republica Moldova, Franța, Italia, SUA, Olanda, Anglia, Kiel University, University of Central Florida, USA, University of Leeds, University of Brescia, Italy, Utrecht, Netherlands

☆ Bill Gates, 11 lucruri NEȘTIUTE despre averea sa: 4.630 de dolari pe secundă, peste 400 de ani pentru a cheltui tot
▼ + stars: | 2021-05-05 | by ( ) www.jurnal.md time to read: +3 min

Bill Gates a devenit cu 41 de miliarde de dolari mai bogat doar anul trecut. Pe 4 mai 2020 averea netă a lui Gates era de 105 miliarde de dolari. Acesta este de asemenea cu 70 de miliarde de dolari mai bogat decât era în urmă cu 5 ani. Gates este mai bogat decât cea mai bogată persoană din Asia și cea mai bogată persoană din China la un loc. Astfel, cei doi au împreună 141 de miliarde de dolari, cu 5 miliarde mai puțin decât averea lui Gates.

Persons: Bill Gates, . Bill Gates, Gates, 2 . Gates, ., . Gates, . Bill, Melinda Gates, Fundația Bill, 10 . Gates, Zhong, Gates . Organizations: Forbes, Fundația Locations: Washington, american, Luxemburgului, Estoniei, Boliviei, Asia, China, Mukesh

☆ Beijing a devenit orașul cu cei mai mulți miliardari din lume. Ce orașe mai sunt în topul Forbes
▼ + stars: | 2021-04-07 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Beijing a devenit orașul cu cei mai mulți miliardari din lume. Business Insider notează că bogații au devenit și mai bogați anul trecut, în ciuda pandemiei și a recesiunii economice. La nivel global, 660 de oameni au devenit miliardari în 2020, însumând un total de 2 755 de miliardari la nivel mondial, în dolari americani. Cinci orașe din China se clasează printre cele 10 orașe cu cei mai mulți miliardari, inclusiv regiunea administrativă specială Hong Kong. Beijing (100 de miliardari), cel mai bogat om – Zhang Yiming (35,6 miliarde)2.

Persons: Pandemia, Zhang Yiming, Michael Bloomberg, Colin Zheng Huang, Len Blavatnik, San Francisco, Dustin Moskovitz Organizations: Forbes, San Locations: Beijing, New York, SUA, China, Hong Kong, York City, Kong, Moscova, Shanghai, Londra, Mumbai, Hangzhou

☆ Musk, tot mai aproape să devină cel mai bogat om din lume, devansându-l pe Bezos. La cât a ajuns averea sa
▼ + stars: | 2021-01-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Elon Musk este tot mai aproape să devină cel mai bogat om din lume, după ce o creștere cu 2,8% a prețului acțiunilor producătorului de vehicule electrice a adus averea lui Musk la 3 miliarde de dolari distanță de cea a fondatorului Amazon, Jeff Bezos. Creatorul Tesla Inc și SpaceX a crescut fulminant în ultimul an, cu peste 150 de miliarde de dolari. Averea inginerului născut în Africa de Sud a ajuns miercuri de 181,1 miliarde de dolari. Cei mai bogați 500 de oameni din lume au adăugat anul trecut o valoare record de 1,8 trilioane de dolari la averea lor combinată, o creștere de 31%. Câștigurile au fost disproporționat la vârf, unde cinci persoane dețin averi care depășesc 100 de miliarde de dolari și alte 20 au cel puțin 50 de miliarde de dolari.

Persons: Jeff, Tesla, Zhong Shanshan, Warren Buffett Organizations: Amazon, Space Exploration Technologies, Mediafax Locations: Elon, Africa de Sud, Musk

☆ Elon Musk va deveni cel mai bogat om din lume, devansându-l pe Jeff Bezos; La cât a ajuns averea sa
▼ + stars: | 2021-01-07 | by ( ) www.jurnal.md time to read: +1 min

Creatorul Tesla Inc și SpaceX a crescut fulminant în ultimul an, cu peste 150 de miliarde de dolari. Averea inginerului născut în Africa de Sud a ajuns miercuri de 181,1 miliarde de dolari. Cei mai bogați 500 de oameni din lume au adăugat anul trecut o valoare record de 1,8 trilioane de dolari la averea lor combinată, o creștere de 31%. Câștigurile au fost disproporționat la vârf, unde cinci persoane dețin averi care depășesc 100 de miliarde de dolari și alte 20 au cel puțin 50 de miliarde de dolari. Zhong Shanshan l-a depășit pe Warren Buffett pentru a revendica al șaselea loc după ce acțiunile companiei sale de apă îmbuteliată au crescut, adăugând 15,2 miliarde de dolari la averea sa.

Persons: Tesla, Zhong Shanshan, Warren Buffett Organizations: Space Exploration Technologies, Mediafax Locations: Africa de Sud, Musk

☆ Elon Musk este cel mai bogat om de pe planetă cu o avere de 188,5 miliarde de dolari
▼ + stars: | 2021-01-07 | by ( ) www.jurnal.md time to read: +2 min

După creşterea de 4,8% înregistrată joi de acţiunile Tesla, averea lui Elon Musk a ajuns la 188,5 miliarde de dolari, cu 1,5 miliarde mai mult decât cea a lui Jeff Bezos, care deţinea titlul de cel mai bogat om din lume începând din luna octombrie 2017. Titlul de cel mai bogat om din lume vine după 12 luni de creştere extroardinară pentru Musk. În vârstă de 49 de ani, Elon Musk a profitat de creşterea spectaculoasă a acţiunilor Tesla în mai multe feluri. Pe lângă participaţia sa de 20% din acţiunile Tesla, Elon Musk deţine şi opţiuni cu acţiuni la compania pe care a fondat-o. Chiar dacă a trecut mai puţin de o săptămână de la începutul anului 2021, clasamentul celor mai bogaţi oameni ai lumi a suferit deja modificări.

Persons: acţiunile Tesla, Elon Musk, Jeff Bezos, Tesla, Zhong Shanshan, Warren Buffett Organizations: Ford, Co, General Motors, Congresului Locations: Georgia, Congresului SUA, acţiunile

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