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No crowds at Winter Olympics

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Tickets for the upcoming Winter Olympic Games in Beijing wont be sold to the general public due to fears around the pandemic.

Instead, authorities will select a small group of people who can go, and distribute tickets to them instead.

Groups of spectators will be invited on site throughout the Games and will be required to strictly comply with Covid-19 prevention and control requirements.

The International Olympic Committee says those who are chosen will be residents from China’s mainland who have the required COVID-19 countermeasures.

“In terms of the grim and complex situation of epidemic prevention and control [and] in order to protect the health and safety of Olympic personnel and spectators, we have decided to change the original plan of public ticket sales,” the committee said.

The announcement comes after Beijing reported its first case of the highly transmissible Omicron variant on January 15.

The Beijing Winter Olympics are set to begin on February 4, before the Paralympic Winter Games start March 4.
Organizers intend to hold Beijing 2022 in a closed loop system which will only be accessible for Games participants — a plan that has remained in place amid the rapid spread of the Omicron variant.

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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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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