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Chinese President Xi Jinping eyes off third term

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Chinese President Xi Jinping is staring down the battle of a third term, vowing to steer his nation through the stormy days ahead

Chinese President Xi Jinping promised to guide the country to success, during his opening speech of the party Congress.

Xi is staring down the barrel at an almost-certain third term in power.

He vowed to focus on rebuilding China in the face of covid and tackle the challenges presented in the face on pro-longed lockdowns, reaffirming his ‘zero-covid’ policy.

When it comes to Hong Kong, he said his Party turned the region from “chaos to Governance”

Next, in Taiwan, Xi promised to continue to strive for reunification, warning China will use force and taking all measures necessary.

He said China would “strive for peaceful reunification”, before warning Beijing will  “never promise to renounce the use of force and we reserve the option of taking all measures necessary.”

“The wheels of history are rolling on towards China’s reunification and the rejuvenation of the Chinese nation. Complete reunification of our country must be realised,” Xi said.

Lastly he mentioned growing geopolitical tensions with the west, and underscored China’s growing power and influence on the global stage.

China has “taken a clear-cut stance against hegemonism and power politics” and “never wavered” in opposition to unilateralism and “bullying”, Xi said.

But despite the leader’s confidence, it comes at a time when public frustration is at an all time high in the country.

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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World

Texas man breaks ice off trampoline net

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Texas cold snap sees temperatures plummet

 
How’s this for cold?

Twitter user Brett Hillier has shared a video from his property in Texas, showing ice on the net of his trampoline cracking.

The Dallas-Fort Worth area has been blanketed with snow, with hazardous conditions expected to continue until at least Thursday.

Authorities have responded to hundreds of accident-related calls, with the ice storm wreaking havoc on roads.

The freezing conditions are making making roads slick, sending cars sliding as residents are told to stay home.

Schools across Mississippi and Tennessee have also been shut. #trending #featured

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Kamala Harris demands Congress pass George Floyd Act

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U.S. vice President Kamala Harris has implored Congress to pass the George Floyd Justice and Policing Act

While at the funeral of Tyre Nichols, who was beaten and died at the hands of five Memphis police officers – Harris implored for the right thing to be done.

“As vice-president of the United States, we demand that Congress pass the George Floyd Justice and Policing Act. Joe Biden will sign it,” Harris made the call to action while at the congregation in Memphis.

The Memphis Police Department fired five of the officers involved in the attack, who also are Black.

Prosecutors then charged them last week with second-degree murder, assault, kidnapping, official misconduct and oppression.

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Business

Meta stocks soar in ‘Year of Efficiency’

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Meta Platforms has announced a better-than-expected sales quarter, as well as a USD$40 billion stock buyback.

The parent of Instagram and Facebook cut its cost outlook for 2023 by $5 billion, and projected first-quarter sales that could beat Wall Street estimates.

Meta stock surged nearly 19% in after-hours trade.

Chief Executive Mark Zuckerberg described the focus on efficiency as part of the natural evolution of the company, calling it a “phase change” for an organisation that once lived by the motto “move fast and break things.”

“We just grew so quickly for like the first 18 years,” Zuckerberg said in a conference call. “It’s very hard to really crank on efficiency while you’re growing that quickly. I just think we’re in a different environment now.”

The cost cuts reflect Meta’s updated plans for lower data centre construction expenses this year.

In November, the company cut more than 11,000 jobs in response, a precursor to the tens of thousands of layoffs in the tech industry that followed.

“Our management theme for 2023 is the ‘Year of Efficiency’ and we are focused on becoming a stronger and more nimble organisation,” Zuckerberg said in a statement.

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