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☆ As Xi opens congress, China's state hands keep markets steady
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +4 min

SHANGHAI, Oct 17 (Reuters) - As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Scores of companies have announced share buybacks or executive share purchase plans since Friday, when regulators unveiled plans to ease share buyback rules. Investors and analysts believe government pressure on China's largely state-controlled fund sector may have played a role in the stock market rebound. Xia Chun, chief economist at wealth manager Yintech Investment Holdings, said this follows a pattern of China stocks typically rising before a party congress and then likely falling afterwards. On Monday, several state-controlled asset managers including E Fund Management Co, China Southern Asset Management Co and Zhongtai Securities Asset Management said they were investing their own money to buy products, echoing an identical refrain of confidence in China's capital markets.

☆ Fact Check-Preventing transmission never required for COVID vaccines’ initial approval; Pfizer vax did reduce transmission of early variants
▼ + stars: | 2022-10-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +11 min

To get emergency approval, companies needed to show that the vaccines were safe and prevented vaccinated people from getting ill. They did not have to show that the vaccine would also prevent people from spreading the virus to others. Pfizer ‘vaccine’ wasn’t intended to prevent transmission. The newest family of Omicron variants has further eroded vaccine effectiveness against infection and transmission (here) . But even Omicron does not escape vaccine protection completely.

Still, these six Black Republicans seem unmoved, even if Black voters overall appear to present more of an uphill challenge. Herschel Walker and Former ambassador Nikki Haley speak with the press during Herschel's Unite Georgia Bus Stop rally at the Global Mall in Norcross, Ga., on Sept. 9, 2022. It’s a bigger picture.”The Black vote was critical in turning Georgia blue in the 2020 presidential election and pushing Biden to the presidency and ultimately Warnock into the Senate. “I know Herschel Walker votes more conservative. Even with the recent allegations, these voters point out that between Warnock and Walker’s policies, they prefer Walker’s because he is anti-abortion.

☆ Fact Check-Screenshot of UK government proposal to ban trade unions is a fake
▼ + stars: | 2022-09-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media users have been sharing a fake screenshot of a GOV.UK webpage, which falsely states that the Cabinet Office is proposing a ban on trade unions, as well as considering the introduction of “a 996 working hour system”. The Act (here), also known as TULCRA, defines and governs the roles of trade unions, including in relation to collective bargaining and industrial action (tmsnrt.rs/3RNWUOa). The 996 working hour system refers to the idea of working between 9 a.m. and 9 p.m., six days a week. A government-led proposal to ban trade unions would likely generate widespread news reports; however, Reuters found no sign of any such articles (bit.ly/3UaVG1g). The screenshot has been digitally altered and there are currently no UK Government proposals to ban trade unions or introduce a 996 working hour system.

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