China’s GDP rises despite virus outbreaks

Published

2 years ago

April 18, 2022

Anthony Lucas

China’s economic growth has stunned experts, growing faster than expected in the first quarter

Figures show the economy expanded by 4.8 per cent year on year – 0.4 per cent higher than forecasted.

But this may still take a turn with the country at risk of a sharp slowdown over the coming months.

This decline is being triggered by COVID-19 restrictions and the war in Ukraine.

China’s GDP rose 1.3 per cent between January and March.

But retail sales crashed largely due to COVID curbs across China, falling 3.5 per cent.

Experts are predicting April data to worsen fuelled by Shanghai’s lockdowns and a rising unemployment rate the highest since May 2020.

China’s covid-zero policy has aggravated the country’s economy and the global supply chain clogging highways and ports, leaving workers stranded and shutting down dozens of factories.

Microsoft reporting for duty with top tier title

Published

21 hours ago

May 21, 2024

ticker NEWS

Major Gamepass addition are on the way, with Call of Duty: Black Ops title.

Reports suggest this as the largest addition to the service since its launch, indicating a strategic effort to boost subscription numbers in a challenging market. The decision, likely to be officially announced during the upcoming Xbox Games Showcase on June 9, reflects a shift in the gaming landscape and Microsoft’s commitment to Game Pass. Despite potential drawbacks such as upsetting existing subscribers and sacrificing direct sales revenue. #Featured #Trending

Leaders

Can Taiwan’s new President ease tensions with China?

Published

21 hours ago

May 21, 2024

ticker NEWS

Taiwan’s newly elected President Lai Ching-te made a bold plea to China, urging the nation to halt its aggressive rhetoric and military threats towards Taiwan.

The statement comes amid escalating tensions between the two sides, raising concerns about the potential for conflict in the region.

The Taiwanese President Lai Ching-te emphasised the importance of peaceful coexistence and dialogue between the two countries, stressing the need for mutual respect and understanding.

Professor Tim Harcourt from UTS and host of the Airport Economist joins to discuss.

News

Hollywood star speaks out against ChatGPT after AI steals voice

Published

21 hours ago

May 21, 2024

ticker NEWS

In a recent interview, Hollywood star Scarlett Johansson expressed her surprise at the uncanny similarity between her voice and that of an OpenAI chatbot.

On this episode of Ahron & Mike Live – It’s AI madness! Hollywood star Scarlett Johansson speaks out against AI, Microsoft partner with Qualcomm and Google unveil Project Astra.

Ticker’s Ahron Young & Mike Loder discuss. #featured