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Six million in another Beijing lockdown

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Global stock markets are on edge as Beijing goes back into lockdown as covid cases continue to rise across China… again.

In a number of districts across the capital, all non-essential shops are shut, restaurants and cafes are open for takeaway only and people are being asked to work from home.

COVID cases here have tripled in a week, they are at the highest level ever recorded.

While many have greeted the latest rules with weary acceptance there is clearly a price being paid by people for nearly three years of restrictions.

6 million locked down

China has now ordered 6 million people into lockdown after workers took to the street around the vast iPhone factory.

Beijing is further attempting to crush dissent after images of the protests went viral.

In a rare display of public anger, workers – furious over Covid isolation policies and working conditions – violently clashed with hazmat-clad personnel wielding batons.

In footage overnight from the city, the officials could be seen holding riot shields while being bombarded with heavy objects thrown by workers.

The Foxconn protests have been among the highest-profile bouts of unrest.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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People investing heavily in pet health

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Australian pet owners are demonstrating their unwavering commitment to their furry companions, as revealed in a recent survey by Finder.com. The survey, conducted among 1,061 respondents, highlights that 94% of pet owners are willing to spare no expense to ensure the well-being of their pets, with some prepared to spend over $10,000.

On average, Australians are willing to invest $6,219 to safeguard their pets’ health, showcasing the deep bond between humans and animals. While 6% of respondents admit they wouldn’t spend anything on vet bills before considering euthanasia, the majority prioritise their pets’ welfare.

To assist pet owners in making informed financial decisions, Finder has announced the winners of its Pet Insurance Awards for 2024. Bow Wow Meow’s Ultimate Care policy stands out for its exceptional value, offering extensive coverage at an affordable price point.

Highly commended policies include petinsurance.com.au’s Platinum Cover and Coles Pet Insurance, providing comprehensive protection for furry companions.

Investing in pet insurance can provide peace of mind, ensuring that pet owners are prepared for unforeseen medical emergencies without compromising their financial stability.

With policies tailored to various needs and budgets, pet owners can find the right coverage for their beloved animals.

Despite generational differences in spending habits, with Gen Z leading the pack in willingness to invest in pet health, one thing remains clear: Australians’ love for their pets is unwavering, exemplifying the cherished bond between humans and animals.

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ASEAN emerging as new global economic power?

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As global supply chains adapt to the pandemic and heightened US-China tensions, attention shifts to ASEAN’s emerging economies.

Could Vietnam and Indonesia lead ASEAN into becoming a third economic powerhouse alongside China and India? Professor Tim Harcourt of UTS and The Airport Economist on Ticker weighs in.

While debates on ‘deglobalisation’ persist, the question arises: is production truly shifting or merely realigning? Geopolitical uncertainties prompt businesses to diversify their supply chains away from China, a move influenced by both politics and economics. Taiwan, Vietnam, and Indonesia emerge as preferred destinations due to their strategic advantages and growing economies.

Australia’s recent Australian ASEAN Summit highlights the potential gains from closer ASEAN ties, given its vast population of over 640 million. What collaborative opportunities lie ahead?

Professor Harcourt’s upcoming Airport Economist ASEAN series on Ticker promises deeper insights into ASEAN’s economic landscape, revealing its potential as a significant global player.

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Investors assess geopolitical risks amidst tensions

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Amidst a backdrop of geopolitical easing, investors are reassessing their risk strategies to navigate a more tranquil global landscape.

This shift coincides with markets recalibrating expectations around potential rate cuts, resulting in a downturn in stocks.

In the tech sector, all eyes are on US earnings reports this week, particularly those of industry giants whose performance often sets the tone for market sentiment.

Additionally, anticipation mounts ahead of the release of Australian CPI data, scheduled for Wednesday, which promises insights into economic health and potential monetary policy implications.

These developments underscore the need for investors to remain vigilant and adaptable in response to evolving geopolitical and economic dynamics.

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