Connect with us

World

World Bank suspends aid to Sudan following military coup

Published

on

Antony Blinken contacts Sudanese PM

Following the military takeover of Sudan, the World Bank has suspended its aid to the nation

The World Bank has halted disbursements for operations in Sudan, in response to the recent capture of power by the military from a transitional government, while state oil company workers, doctors and pilots joined civilian groups opposing the takeover.

This comes as the African Union withdraws support over an “unconstitutional” seizure of power and the United States freezes $700 million in funding.

Sudan’s military staged a coup on Monday, arresting political leaders and sending the country into panic.

Sudan’s military and civilian leaders have been engaged in a delicate power-sharing agreement over the past two years, making this takeover somewhat unsurprising.

It’s expected that this reduction in aid will have disastrous consequences to Sudan’s economy at a time when the nation was finding its own feet.

The World Bank has previously given the country more than $3 billion in aid to support agriculture, transport, health care and education.

Tech

Porn floods Twitter “China” search

Published

on

Twitter users have been finding it hard to search for information on the social media platform due to an explosion of pornographic spam.

While thousands of protests against extended lockdowns, a digital bot army has roared into action on Twitter, with long-dormant Chinese language accounts suddenly tweeting links to escort services and other adult content.

Anyone trying to track the spontaneous protest movement on Twitter complained about the deluge of spam pornographic content making flooding the search for information.

The China protests come at a time when Twitter’s content and moderation teams have been pared back drastically following Elon Musk’s $44 billion takeover of the social media giant.

Twitter, along with other international social media services like Facebook, Snapchat and Instagram, is blocked by Beijing’s internet censors within Mainland China.

Continue Reading

World

Biden silence on China protests

Published

on

As citizens across China revolt against the country’s “zero Covid” policy, the White House issued a statement about the growing protests.

“‘We’ve long said everyone has the right to peacefully protest, in the United States and around the world,’ a White House National Security Council spokesperson said in a statement.

‘This includes in the [People’s Republic of China.]’

“‘Zero COVID is not a policy we are pursuing here,’ the spokesperson said.

‘And as we’ve said, we think it’s going to be very difficult for the People’s Republic of China to be able to contain this virus through their zero COVID strategy.’”

Commentators have noted that the statement came from the White House, and not President Biden himself.

Demonstrators are calling on President Joe Biden to take a stance and publicly support their cause.

The protests have continued despite numerous attempts by the Chinese government to quell them.

 

Continue Reading

Business

China protests hit global markets, crypto

Published

on

Investor watches markets

The protests in China are having a negative impact on cryptocurrencies and markets around the world.

Bitcoin failed to break its descent and fell more than 3 percent.

The global crypto market cap fell over 2%, sending major cryptos into the red.

Over the last 24 hours, overall crypto market volume grew by 22%.

It comes amid a round of investor nervousness in global markets spurred by protests in China against Covid restrictions.

Protesters outraged by harsh COVID-19 regulations called for China’s strong leader to quit.

China is the world’s second-largest economy and has a significant impact on global financial markets.

Stocks and cryptos aren’t considered safe havens, leading to bearing price action.

Analysts are hoping for a sharp bullish reversal if and when the protests end.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD