British Cabinet ministers have urged motorists not to hoard fuel after several petrol stations closed on Thursday due to the ongoing lorry driver shortages. The disruption of a number of BP and Tesco forecourts has led to queues at some petrol stations on Friday morning. Prime Minister Boris Johnson’s deputy official spokesman assured motorists that there’s…
Short-Staffed Michigan Hospitals Cut Workers, Beds Amid Patient Surge
Staff shortages have forced two large Michigan hospital systems to cut hundreds of beds. The action comes as a fourth wave of the CCP (Chinese Communist Party) virus, the pathogen that causes COVID-19, has caused hospitals to be swamped with patients. The Detroit-based Henry Ford Health Systems announced on Sept. 13 that it was cutting…
China’s Central Bank Declares All Cryptocurrency-Related Activities Illegal
September 24, 2021
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bitcoinChinaChina Business & EconomyChinese RegimecryptocurrencyevergrandePeople’s Bank of Chinasocial controlSpecial Topicsvirtual currency
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China’s central bank has declared all cryptocurrency-related transactions illegal while vowing to crack down on the virtual currency market. The People’s Bank of China said in a statement, translated by CNBC, that services offering trading, order matching, token issuance, and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are…
ECB’s Lagarde Says Many Causes of Inflation Spike Are Temporary
September 24, 2021
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Business & EconomycausesChinaChina Business & EconomyChristine LagardeCompaniesECBEconomiesEuropeinflationspiketemporaryWorld
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FRANKFURT—Many of the drivers of a recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said. Euro zone prices have been rebounding faster than expected as the economy reopened after pandemic-induced lockdowns, and several ECB policymakers think inflation will be close to,…
John Kerry Draws Criticism for Brushing Off Question on CCP’s Crimes Against Uyghurs
September 24, 2021
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ChinaChinese Communist PartyChinese RegimeClimate AgendaExecutive BranchgenocideJohn KerryMichael McCaulPoliticsSpecial TopicsUSUS NewsUS-China relations
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U.S. climate envoy John Kerry appeared to be indifferent to the plight of Uyghurs in China when he said “life is always full of tough choices” in a recent interview with Bloomberg. Kerry was asked, “Clearly a priority of the Biden administration is really addressing climate, but it’s not the only priority. There are other…
Japan’s September Manufacturing Activity Growth Slows: Flash PMI
TOKYO—Japan’s factory activity grew at the slowest pace in eight months in September as output and orders contracted, while that of the services sector remained in its downturn, underscoring the protracted impact of the coronavirus pandemic. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) slipped to a seasonally adjusted 51.2 in September…
Ancient Tales of Wisdom: The Stone in the Road
September 24, 2021
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Ancient tales of wisdom remind us of the traditions and moral values that have been treasured all over the world. We hope the stories and messages in our Tales of Wisdom series help uplift the hearts and minds of our readers. “The Stone in the Road” is a short tale that tells of the eventual…
Elon Musk Expects Chip Shortage to Be Short-Lived as Production Capacity Expands
Tesla chief executive Elon Musk said Friday that he sees an end to the semiconductor supply shortage in relatively short order thanks to new chip plants being planned and already under construction. “There’s a lot of chip fabrication plants that are being built,” Musk said via video uplink at an Italian Tech Week event. “I think…
Nike Warns on Holiday Delays, Cuts Full-Year Sales Estimate
September 24, 2021
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Nike Inc. on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit. Months-long factory closures in Vietnam, where about half of all Nike footwear is manufactured, have piled more…
US Rights Group Calls on UN to Address China’s Forced Organ Harvesting
September 24, 2021
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ChinaChina Human RightsDoctors Against Forced Organ HarvestingFalun DafaFalun Gongforced organ harvestingInternationalreligious freedomSpecial TopicsUSUS NewsWorld
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U.S.-based advocacy group Doctors Against Forced Organ Harvesting (DAFOH) is calling on the United Nations to take action against China’s state-sanctioned practice of killing prisoners of conscience to supply organs for its lucrative transplant market. “The failure of the United Nations to address and thoroughly investigate the forced organ harvesting from living people in China…
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