China forces city of 17 million into COVID lockdown

Published

4 years ago

March 14, 2022

Costa Haritos

China has placed all 17 million residents in one of its biggest cities under lockdown.

The tech city of Shenzhen reported 66 cases on Sunday, while China recorded 3,400, in its worst outbreak in two years.

It’s led to increased anxiety over the nation’s ‘zero-Covid’ approach.

The cases are linked to neighbouring virus-ravaged Hong Kong, which recorded over 32-thousand on the same day.

The lockdown last until March 20, and the city is planning to launch three rounds of mass testing.

The move extends an earlier lockdown imposed on the city’s central business district.

Officials have largely resisted tactics such as lockdowns and mass testing and relied mostly on targeted responses, only to see Omicron continue to spread.

Shenzhen is also under pressure to prevent infections from seeping in through Hong Kong, which has seen daily cases rise to tens of thousands.

The operations of nine cross-province bus stations that mainly offered service to provinces including Jiangsu, Zhejiang, Anhui, Shandong and Jiangxi were halted.

Shanghai will suspend all cross-province bus services from March 14.

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

11 hours ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

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#AIInvestment #Nvidia #Oracle #OpenAI #TechFinance #AIInfrastructure #CapitalMarkets #FutureOfAI

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

2 days ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

2 days ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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