China's market collapse of $6 trillion | World Business Watch With the value of Chinese and Hong Kong equities dropping by $6 trillion from their peak in February 2021, China's stock markets are in free fall. According to reports, the government is considering requiring banks to sell dollars, intervene directly in the stock market, and create a $282 billion fund to stabilize it.
Russia shoots down "38 drones" after reports that Ukraine deployed weapons into Crimea.
All 38 drones that Ukraine had launched at the Crimean peninsula, according to Russia, have been destroyed by its air defense systems. Social media posts about early-morning explosions close to an oil facility in the Black Sea port of Feodosia prompted the declaration. Rob McBride of Al Jazeera has the most recent information from Kyiv.
US bill requires ByteDance to remove TikTok or risk being banned
In an effort to address national security concerns regarding its Chinese ownership, a bipartisan group of US lawmakers filed legislation on Tuesday that would have given China's ByteDance around six months to either divest the well-known short video app TikTok or face a ban.
Cannes 2024: 'All We Imagine as Light' by Payal Kapadia wins the Grand Prix.
Payal Kapadia was the first Indian director to win the Grand Prix at the Cannes Feature Festival for her feature 'All We Imagine as Light.' Stay tuned for further details!
Attack on Ukraine's energy infrastructure: hydroelectric dams and power plants are the targets
The Zaporizhia dam in Ukraine was the target of a Russian missile and 150 drones, which resulted in extensive power outages and structural damage. The nation's electrical supply has been affected by the attack on the dam, which is situated on the Dnieper River. Additionally, the safety of neighboring communities is seriously threatened.
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Google's representatives in New York and California organized employee protests and rallies against the company's billion-dollar contract with Israel. Our next report will cover this topic.
After floods and landslides struck Sumatra, Indonesia, at least 26 people died.
There are currently at least 11 persons missing in Indonesia following a landslide in Sumatra, according to rescue teams. Due to the intense rain and flooding, 26 individuals have passed away. Another river had its banks blown away by the storm. Indefinitely displaced are almost 39,000 people.
After a 7.2-magnitude earthquake in Taiwan, at least nine people were killed, and over 800 were injured. According to authorities, 50 passengers on four minibusses that were traveling to a hotel in a national park in Hualien are reported missing. Furthermore, there are reportedly 70 miners stuck in coal mines.
Myanmar: In the vicinity of the Thai border, violence increases
Burma is in crisis; the Junta there had to withdraw from their base near Thailand's border after being bombarded by rebel drones. Myawaddy, a vital trading outpost, has been taken over by Junta forces. Once the strategically important Border Town was turned into a rebel and military Junta battleground, hundreds of refugees fled across the river Frontier, separating Myanmar from Thailand.
Another mass grave discovered in Gaza: dozens of remains excavated at the site in al-Shifa.
A third mass grave has been discovered at the al-Shifa hospital in Gaza City. Palestinian officials said they have exhumed 49 remains, and the recovery process is still ongoing.
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