A pair of Republican lawmakers wrote a letter to the Departments of State and Defense warning of the risk posed by the Chinese ride-hailing giant Didi Chuxing over its links to the Chinese Communist Party (CCP). In a letter to Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin, and Securities and Exchange Commission…
Senators Urge Prohibiting Military Personnel Use of CCP-Linked Ride-Hailing Platform Didi
March 31, 2022
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Business & EconomyCCPChinaChina Business & EconomyCompaniesDidiDidi ChuxingMarc RubiomilitaryNational SecurityPoliticsRepublicansTodd YoungUSUS NewsUS-China relations
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Bayer to Invest 2 Billion Euros in Drug Production Over Next 3 Years
FRANKFURT—German drugmaker Bayer said it would invest around 2 billion euros ($2.23 billion) at pharmaceutical manufacturing sites over the next three years, mainly to bolster production of biotechnology drugs as well as cell and gene therapies. The sites to be upgraded include Berkeley, California, as well as Berlin, Leverkusen, and Bergkamen in Germany. In addition,…
UK Intelligence Chief Warns China Not to Be ‘Too Closely Aligned’ With Russia
March 31, 2022
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Business & EconomyChinaChinese Regimeeconomic policieseconomyEuropeEurope-China RelationsInternational RelationsInvestmentMarketsRussia-Ukraine WarUKUkraineVladimir PutinWorldXi Jinping
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The Chinese regime is at risk of “being too closely aligned” with Russia following its invasion of Ukraine, a UK intelligence chief said on Thursday. In a rare public address during a visit to Australia, Sir Jeremy Fleming, the head of Britain’s GCHQ intelligence agency, said China will not be “well served” by a close…
Mariupol Evacuation Effort Resumes as Ukraine Braces for Renewed Russian Offensive
March 31, 2022
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Business & Economyeconomic policieseconomyEuropeEvacuationInvestmentMariupolMarketsRussia-Ukraine WarUkraineWorld
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A fresh effort is underway to evacuate trapped civilians from the besieged city of Mariupol as Ukrainian forces brace for a renewed Russian offensive in the east. Ukrainian officials said they’re sending a convoy of buses to evacuate people from Mariupol on Thursday after Russia said it was ready to observe a one-day ceasefire in…
Chinese Residents Seek Help Online Amid Draconian COVID-19 Policies
Chinese residents living in the northeastern city of Changchun are pleading for help online, after being told by local authorities not to step outside their homes because of COVID-19 prevention measures. One resident seeking help online was Mr. Zhao. Writing on China’s Twitter-like Weibo on March 30, he stated that his mother tested positive for…
Heroic 3-Year-Old Screams for Help, Saving Toddler Sister From Drowning in Backyard Pool
When her little sister fell into their backyard pool at home in Chiang Mai, northern Thailand, this heroic 3-year-old wasted no time screaming for help. Her father, who was sweeping leaves nearby, was able to save the struggling toddler from drowning in the nick of time. Now he is using his family’s ordeal to urge parents…
Spring Belongs to the Wood Element, and What Does This Mean?
A solar term is a period of about two weeks and is based on the sun’s position in the zodiac. Solar terms form the traditional Chinese calendar system. The calendar follows the ancient Chinese belief that living in accordance with nature will enable one to live a harmonious life. This article series explores each of…
Iowa House Passes Bill Requiring Schools to Post Curriculum Materials Online for Parent Review
The Iowa House on March 29 voted to pass a bill that would require public schools in the state to publish their curriculum materials and library books online for parents to view, and give them the power to request that certain books be removed from classrooms. The House voted 60–36 to pass HF2577, which would introduce a string of…
US SEC Proposes Boosting Blank-Check Company Disclosures, Liability
WASHINGTON—Wall Street’s watchdog on Wednesday unveiled a draft new rule to enhance blank-check company investor disclosures and to strip them of a legal protection critics argue has allowed the shell companies to issue overly optimistic earnings projections. The move by the U.S. Securities and Exchange Commission (SEC) is part of a broader crackdown on special…
Here’s How Goldman Sachs Views PayPal, Block
Goldman Sachs analyst Michael Ng has initiated coverage on fintech firms PayPal Holdings Inc. and Block Inc. with Buy ratings. Ng initiated coverage of PayPal with a $144 price target (19 percent upside). Ng also initiated Block with a $173 price target (20 percent upside). Ng saw PayPal’s return to profit growth of over 20 percent beyond this year, driven by product initiatives…
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