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China forces city of 17 million into COVID lockdown

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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.

Shenzhen is China’s tech city

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.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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