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China's Singles Day shopping spree enters final stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy.. The combined gross value of products sold by Alibaba and JD.com this year "may surpass a trillion yuan," Xiaofeng Wang, principal analyst at research firm Forrester, said in a note -- up from the total of 965 billion yuan raked in at last year's event.

Fri, Nov 11, 2022 2 mins read

Tech News

China eases Covid measures, cutting quarantine and scrapping flight bans

China announced the relaxation of some of its hardline Covid-19 restrictions on Friday, cutting the quarantine period for inbound travellers from 10 days to eight and scrapping snap closures of flight routes.. A so-called "circuit breaker" mechanism on inbound flights would be abolished, the notice added, bringing an end to a policy that saw the snap closures of flight routes if a certain proportion of passengers tested positive for the virus. bur-je/mca

Fri, Nov 11, 2022 1 mins read

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Australia blames Russian hackers for medical data theft

Russian hackers carried out a cyberattack on a major Australian healthcare company that breached the data of 9.7 million people, including the country's prime minister, police said Friday.. The hackers started leaking the data earlier this week after Medibank -- the country's largest health insurer -- refused to pay a $9.7 million (Aus$15 million) ransom.

Fri, Nov 11, 2022 2 mins read

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Japan govt backs major firms in next-gen chip project

The Japanese government will pour half a billion dollars into a new project to develop and make next-generation microchips, chief cabinet secretary Hirokazu Matsuno said Friday.. The ministry will grant 70 billion yen to Rapidus to lead a research and development project for next-generation semiconductors, Matsuno said without elaborating.

Thu, Nov 10, 2022 1 mins read

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ASEAN leaders struggle for answers to Myanmar crisis

The escalating crisis in Myanmar was set to dominate summit talks Friday between Southeast Asian leaders struggling to find a way to calm the bloodshed in the junta-ruled country.. Leaders from the Association of Southeast Asian Nations (ASEAN) regional bloc will discuss ways to implement a peace plan agreed with Myanmar last year which the junta has so far ignored.

Thu, Nov 10, 2022 3 mins read

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Asian shares surge as investors cheer slower US inflation

Asian markets surged on Friday after a bumper session on Wall Street as lower US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.. The latest inflation data should be welcome news to Fed policymakers, because prices are "finally showing some response" to the steep rate hikes, said Rubeela Farooqi of High Frequency Economics.

Thu, Nov 10, 2022 2 mins read

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Hurricane causes only minor damage to Artemis rocket

After initial visual inspections, NASA said on Thursday that its new mega moon rocket apparently suffered no major damage after Hurricane Nicole hit Florida.. Nicole made landfall Wednesday night on Florida's Atlantic Coast as a Category 1 hurricane.

Thu, Nov 10, 2022 0 mins read

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Twitter chaos deepens as key executives quit

Elon Musk's ownership of Twitter descended ever deeper into chaos on Thursday as key security executives resigned from the platform, drawing a sharp warning from US regulators.. "I've made the hard decision to leave Twitter," tweeted chief security officer Lea Kissner, who reportedly stepped down with other key privacy or security executives.

Thu, Nov 10, 2022 2 mins read

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Alleged LockBit ransomware operator arrested in Canada

A dual Russian-Canadian national allegedly involved in the LockBit global ransomware campaign has been arrested in Canada, US and European authorities announced on Thursday.. Europol said the arrest resulted from a complex investigation involving law enforcement in France, Canada and the United States.

Thu, Nov 10, 2022 1 mins read

Tech News

E-cig giant Juul secures funds to avoid bankruptcy

American e-cigarette firm Juul Labs has secured financing to stay afloat but confirmed job cuts, it said in a statement Thursday, while dealing with a dispute on whether its products can remain on market.. This investment will help Juul Labs to maintain business operations and "continue advancing its administrative appeal of the FDA’s marketing denial order," among other needs, the firm added.

Thu, Nov 10, 2022 1 mins read