News

Shanghai reports first Covid deaths from omicron

Published

2 years ago

April 19, 2022

ticker NEWS

Shanghai reports its first official Covid deaths linked to the Omicron outbreak engulfing the city

Among the first recorded deaths are three people aged between 89 and 91 who were reportedly unvaccinated.

The outbreak arose despite China’s ‘zero-Covid’ strategy that has confined residents in strict lock-downs with mass testing across the country.

China’s health commission says Shanghai reported around 2400 symptomatic cases and more than 19,000 asymptomatic infections on April 18, 2022.

However, there has been suspicion with many questioning the low death toll despite the high case numbers in a country with the largest population.

Since March 1, more than 370,000 people in Shanghai have been infected with the virus but officials say no one had died until Sunday.

Shanghai’s low death toll is partly due to how Covid deaths are counted. Mainland China’s Covid-19 cases and deaths are counted separately from Hong Kong, another administrative region under China.

Hong Kong faces a much larger outbreak with almost 9000 deaths and 1.1 million cases since omicron surged in January 2022.

Rijul Baath contributed to this report

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

19 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

19 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity