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Asian markets mixed as recession fears dampen China optimism
Asian markets mixed as recession fears dampen China optimism
Business and Economy
by  AFP

Asian markets were mixed Thursday as sentiment was pulled in opposite directions by worries about a US recession and China's shift away from strict Covid restrictions. The fear of a US recession is playing off against China's shift away from its zero-Covid strategy of lockdowns and mass testing that has been blamed for clattering the world's number two economy.

Ramesh 'Sunny' Balwani gets prison time for Theranos fraud
Ramesh 'Sunny' Balwani gets prison time for Theranos fraud
Business and Economy
by  AFP

A judge on Thursday sentenced a top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes to prison for duping people into trusting the failed blood testing startup. Fallen US biotech star Holmes, whose fraud trial was separate from that of Balwani, has asked an appeals court to overturn her conviction and a resulting sentence of more than 11 years in prison.

TikTok hit by US lawsuits over child safety, security fears
TikTok hit by US lawsuits over child safety, security fears
Business and Economy
by  AFP

TikTok was hit Wednesday with a pair of lawsuits from the US state of Indiana, which accused it of making false claims about the Chinese-owned app's safety for children. The spectacular success of TikTok has seen rival sites such as Meta-owned Instagram or Snapchat struggle to keep up, with once soaring ad revenues taking a hit.