Public anger in China towards widening COVID-19 lockdowns across the country erupted into rare protests in China’s far western Xinjiang region and the country's capital of Beijing, as nationwide infections set another record.
- BusinessThin Black Friday crowds mark U.S. holiday shopping kickoff
Thin crowds of inflation-weary consumers hunted for Black Friday deals at stores in big cities.
- BreakingviewsBreakingviews: Crypto winter highlights gold’s warming qualities
The crypto winter is bitterly cold. The frost set in earlier this year with the collapse of Terra, a digital token supposedly pegged to the U.S. dollar. The recent failure of Sam Bankman-Fried’s FTX exchange has further lowered the temperature. The aggregate market capitalisation of cryptocurrencies has shrunk by more than $2 trillion, a fall of some 70% from the peak, according to CoinMarketCap.com. As institutional investors run for the hills, financial regulators are closing in. The inevitable question arises: do cryptocurrencies have a future? To which the answer is: not under anything resembling normal circumstances.
- TechnologyElon Musk says Twitter's ban on Trump after Capitol attack was 'grave mistake'
Twitter's ban on then President Donald Trump after the Jan. 6, 2021, attack on the U.S. Capitol by his supporters was a "grave mistake" that had to be corrected, Chief Executive Elon Musk said.