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Shanghai locks down in response to Covid surge

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China’s biggest city Shanghai locks down as a part of its ‘zero-covid strategy’ to control the rising cases in the city

The authorities are initiating a two-stage lockdown aiming to split the city along the Huangpu river to allow for COVID testing.

The city of 26 million will be restricted from leaving homes with public transport suspended. Non-essential businesses will also remain closed while the stock exchange remains open.

On its only second day of testing on March 29 2021, Shanghai recorded 4381 asymptomatic cases and 96 symptomatic COVID cases.

The snap lockdown which is a reminder of what China saw at the start of pandemic, is already causing a major disruption in the lives of the residents.

The lockdown announcement came unexpectedly just a day after the Shanghai authorities claimed they will not put Shanghai in lockdown, marking a complete turnover of their claim.

Rijul Baath contributed to this report

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Netflix vs Paramount: The Warner Bros takeover battle explained

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

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Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.


The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.

Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.

Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?

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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker


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Elon Musk’s SpaceX plans $25 billion IPO in 2026

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SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.


Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.

The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.

SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.

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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup


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U.S. visa waiver travelers may need to share social media profiles

Trump admin proposes tourists disclose social media profiles for security under visa waiver program, impacting 42 countries.

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Trump admin proposes tourists disclose social media profiles for security under visa waiver program, impacting 42 countries.


The Trump administration has proposed new rules requiring tourists visiting the United States under the visa waiver program to disclose their social media profiles. This applies to citizens from countries including Australia, the UK, and France, who would need to provide five years of social media history.

The requirement specifically targets travelers using the Electronic System for Travel Authorization (ESTA), which covers 42 countries. US Customs and Border Protection says the move is necessary to enhance national security.

Public comments on the proposal will be open for 60 days, and full implementation could take several months. It’s still unclear whether private messages would be included or if only public profiles are required.

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#USVisa #TravelNews #SocialMediaCheck #ESTA #NationalSecurity #TravelUpdate #VisaWaiver #TourismRules


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