Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Shanghai fences up residential buildings to curb COVID-19

Published

on

Shanghai authorities have put up fences outside residential buildings in a bid to curb a growing cluster of COVID-19 infections

It’s sparking a fresh outcry over the nation’s lockdown measures, which have forced much of the city’s 25 million people to stay indoors.

The two-metre high fences have prompted a series of complaints from local residents, many have been unable to access essential items or care for weeks.

One user took to the social media platform, Weibo to vent their frustration about the new measures. They asked “isn’t this a fire hazard?”

Meanwhile, Beijing will require everyone living or working in COVID-affected areas to take three tests this week.

Authorities have placed dozens of buildings under lockdown measures in the capital, which reported 22 new cases on Saturday.

It comes as retail workers continue to work long hours and sleep at work to keep residents fed.

“Basically, there is no time to rest, we are busy all day, even during meals if the neighbourhood committee members turn up to pick up orders or have a request, we will assist them immediately or solve whatever problems they may have.”

SUPERMARKET MANAGER ZHANG WEI

After spending the night in a sleeping bag, Wei prepares over 3,000 orders of vegetables, meat and essentials to send out to locked down residents.

Around 40 staff are believed to be working working long days to fill online orders from neighbouring compounds.

The U.S. recently ordered non-essential government staff to leave the city amid the ongoing restrictions.

Continue Reading

News

Intel and AMD Join Forces to Shape the Future of x86 Chips

Published

on

In a groundbreaking development, Intel and AMD—two of the biggest names in the tech industry—are teaming up to shape the future of x86 chip technology.

 

The tech giants have established a joint advisory group to influence the design of chips that power a wide range of devices, from personal computers to large-scale servers. This collaboration marks a significant shift in the industry, as Intel and AMD, traditionally fierce rivals, work together to set new standards for chip innovation.

The aim of this partnership is clear: to stay ahead of rapid changes in the tech world and drive the future of computing. Industry experts predict that this joint effort could lead to significant advancements, with the potential to reshape the landscape of processor technology. The implications for everything from computing performance to energy efficiency could be vast.

 

Continue Reading

News

How the U.S. THAAD missile deployment to Israel will change Middle East security

Published

on

Pentagon sends THAAD system and 100 U.S. troops amid growing regional tensions

The United States has announced the deployment of its advanced THAAD missile defense system to Israel, along with 100 U.S. troops to operate it. This move is seen as a significant step in strengthening Israel’s defense capabilities amid rising security concerns in the Middle East.

The Pentagon confirmed that the Terminal High Altitude Area Defense (THAAD) system is fully operational in Israel, enhancing the nation’s ability to intercept and neutralise incoming missile threats.

This deployment comes at a time when regional conflicts and tensions, particularly involving Iran, are intensifying.

How it’s designed

The THAAD system is designed to complement Israel’s existing missile defense systems, such as the Iron Dome, by providing an additional layer of protection against long-range missile threats.

The U.S. has a long-standing defense relationship with Israel, and this latest move signals deeper military cooperation between the two nations.

With this deployment, the U.S. sends a strong message to regional actors, particularly Iran, about its commitment to defending Israel and maintaining security in the Middle East. The strategic implications for neighbouring countries are also noteworthy, as the increased U.S. military presence could impact ongoing diplomatic efforts in the region.

As tensions rise and the deployment of THAAD unfolds, questions remain about the potential challenges and risks this advanced defense system might pose.

Continue Reading

Money

Boeing’s financial turbulence leads to bold cash-raising moves

Published

on

Company eyes new credit and shares to survive as strikes and delays weigh the company down

Boeing is taking drastic steps to secure its future, seeking to raise at least $10 billion by selling new shares and securing a fresh credit line.

The iconic manufacturer has been struggling this year with major setbacks, including a 737 MAX mishap in January and a machinist strike that halted production.

In filings made Tuesday, Boeing revealed plans to issue up to $25 billion in shares or debt over the next three years while locking in a $10 billion credit deal.

Sources say the company will aim to raise around $10 billion from its upcoming stock offering.

Boeing called the moves “prudent steps” to ensure access to liquidity as it faces growing financial challenges.

Its stock, which began the year at $250, rose 2% to about $152 after the announcement, as analysts expressed relief over Boeing’s efforts to stabilize its cash flow.

The machinist strike, which started last month, has intensified the company’s cash problems, with Boeing burning through $1 billion per month before the walkout.

Boeing hasn’t posted a profit since 2018, and the coming months will be critical as it battles to recover.

Continue Reading

Trending Now