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Biden slaps an investment ban on Chinese companies

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It’s expected that the Biden administration will continue limiting US investments in certain Chinese companies – continuing the measures that were introduced by Donald Trump.

The White House is currently in talks with advisors regarding the China investment bans, which were imposed on three of the country’s biggest telecommunication operators.

President Biden has been working to maneuver through tensions between Beijing, the US and many other western nations.

It’s expected that Biden will receive bi-partisan support if his administration continues the bans.

Republican Senator Marco Rubio says Biden “should reject any efforts by the investor class to erode the sanctions and work with Congress to codify those penalties into law.”

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Russia defaults on foreign debt for the first time in a century

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Russia has failed to pay out its overseas debt for the first time in over 100 years

The country missed its Sunday deadline due to challenges in transferring the payments to international creditors.

Moscow has the funds to make the 100 million dollar payment but sanctions have complicated the process.

The country is unhappy with the situation with the finance minister calling the situation “a farce”.

The last time that Russia defaulted on its foreign debt was in 1918 when leader Vladimir Lenin did not pay out debts on behalf of the Russian Empire.

Russia has been hit with sanctions by a number of countries in response to its invasion of Ukraine.

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World

Over 20 young people mysteriously die at nightclub

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Authorities in South Africa are investigating the deaths of 22 people, who were mysteriously found in a nightclub

Victims were found spread across the tables and floors in a coastal town.

They have been taken for testing, as authorities scramble to find a cause of death.

South Africa’s President is sending his “deepest condolences” to families of the victims, most of whom are teenagers.

The tragedy has taken place during Youth Month, where South Africa pushes for more opportunities to help young people from poor socio-economic backgrounds.

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World

Deadly stadium collapse at bullfighting event in Columbia

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At least four people have died, and 500 injured at a bullfighting stadium in Columbia

Videos show a stand collapsing during the event, as emergency workers race to help.

Local media reports that hospitals have begun helping those who were injured.

The nation’s newly-elected President is calling for an end to bullfighting, tweeting that tragedies like this have already happened in the past.

He is urging local authorities to not allow more shows that involve the death of people or animals.

Investigations continue into the cause of the collapse.

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