Money

When will Shanghai open businesses up?

Published

2 years ago

May 17, 2022

Shanghai authorities will gradually allow the reopening of businesses, including shopping malls and hair salons from Monday

China’s financial and manufacturing hub has been under strict Covid lockdown for weeks, with millions of residents essentially trapped in their homes.

Shanghai is hoping these next few days will mark its final push in its campaign against the virus.

Shopping malls, department stores, and supermarkets will begin resuming in-store operations.

Hair salons and vegetable markets will also reopen with social distancing requirements and density limits in force.

But some of the 25 million residents are questioning whether the reopenings will actually happen, reacting negatively online to the official announcements.

China has largely been able to keep COVID case numbers to a minimum, but is struggling to contain the highly-infectious Omicron variant.

The World Health Organisation recently warned the nation’s approach is not “sustainable”… but the country is expected to stay the course until the next congress of the ruling Communist Party.

This is when President Xi Jinping is expected to secure a third term as leader.

Related Topics:Business china covid Politics trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

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

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

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

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

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