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Asian markets turn tepid after China factory data
Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in China fell for the first time in nearly two years. Official data showed Wednesday that China's producer price index (PPI) fell by 1.3 percent on-year in October, pushing it into negative territory for the first time since December 2020.
Inside the 'living hell' of Cambodia's scam operations
Trafficked, beaten and locked up far from his family in China, Lu was one of thousands of people in Cambodia forced to operate online scams to line their captors' pockets. "People were beaten or tortured and sold if they refused to scam others."
China's ultra-rich squeezed by slowing economy: Hurun ranking
The wealth of China's billionaires this year dropped by the largest amount in more than two decades, according to an annual ranking, as zero-Covid curbs and a property market crisis stall the world's second-largest economy.
House of hordes: UK's parliament swells after PM upheaval
Britain's House of Lords shares some characteristics with the Chinese National People's Congress: their signature colours are red, and neither is elected by popular vote. The House of Lords enjoys far more influence than the ornamental National People's Congress, which is set in March to rubber-stamp the Communist Party's decision last month to grant a historic third term to President Xi Jinping.
China factory gate prices fall for first time in nearly two years
Factory gate prices in China were down for the first time in nearly two years last month, official data showed Wednesday, as falling global commodity prices made their mark on an economy ailing under strict Covid controls.
Elon Musk sells nearly $4bn in Tesla stock: SEC filing
Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed Tuesday, more than a week after he closed his $44 billion acquisition of Twitter. The US Securities and Exchange Commission documents show Musk, who financed much of his Twitter purchase with Tesla stock, sold more than 19 million shares worth in excess of $3.9 billion.
Brazil transition takes shape, Bolsonaro keeps low profile
The head of Luiz Inacio Lula da Silva's transition on Tuesday picked a team to smooth the leftist's ascent to Brazil's presidency, while outgoing President Jair Bolsonaro remained uncharacteristically silent after his election loss. Bolsonaro, 67, has remained silent since.
Essequibo - the Guyanese region claimed by Venezuela
Hairdresser Kimtse Kimo Castello is adamant that the small town where he lives, near a tropical forest, lies in Guyana and not Venezuela, which claims it. "They will always claim it," said the hairdresser Castello as he cleaned his electric shavers in his small shop in Port Kaituma.
Hackers leak Australian health records on dark web
Hackers on Wednesday began leaking sensitive medical records stolen from an Australian health insurer with nearly 10 million customers, including the prime minister, after the firm refused to pay a ransom. Sensitive records were posted anonymously in the early hours of Wednesday and included names, birth dates, passport numbers and information on medical claims for hundreds of customers.
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