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(Bloomberg) -- Beijing’s clampdown on the booming private education industry has shocked even some of the most seasoned China watchers, prompting a rethink of how far Xi Jinping’s Communist Party is willing to go as it tightens its grip on the world’s second-largest economy.The crash in tutoring stocks that began on Friday spread this week across the tech sector and beyond, after authorities confirmed reports they would ban a swathe of the education industry from making profits. It’s the governm
Kaylee McKeown of Australia powered to her first Olympic gold medal on Tuesday after a stunning fightback in the women's 100m backstroke that was within a fingertip of her own world record. Canada's Kylie Masse took a good lead from the start and held it at the halfway mark but McKeown switched gears out of the turn and clawed back to win in 57.47. Masse won silver in 57.72 and Reagan Smith of the United States was third in 58.05.
Australia's Victoria state said on Tuesday it will lift a strict lockdown after curtailing the spread of COVID-19, while neighbouring New South Wales faces an extension of restrictions after daily new cases spiked to a 16-month peak. More than half of Australia's near 26 million population has been in lockdown in recent weeks after an outbreak of the highly infectious Delta variant took hold in the New South Wales capital of Sydney and spread to three states. New South Wales reported 172 COVID-19 cases in the past 24 hours, up from 145 a day earlier, with at least 60 spending time in the community while infectious.
SEATTLE, July 27, 2021--Starbucks Coffee Company (NASDAQ:SBUX) today announced it has agreed to sell its 50% ownership share of Starbucks Coffee Korea Co., Ltd. Joint venture partner E-Mart Inc. (Shinsegae Group) ("E-Mart ") will acquire an additional 17.5% interest in Starbucks Coffee Korea Co., Ltd., giving E-Mart 67.5% ownership of Starbucks operations in South Korea.
Dean beat his compatriot by 0.04 seconds in the final in Tokyo.
(Bloomberg) -- Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended their sharp selloff into a third day Tuesday.Technology and education shares retreated once again while property stocks also fell. Tencent Holdings Ltd. slumped as much as 5%, after the company’s music arm gave up exclusive streaming rights and was hit with fines. Meituan fell as much as 8% after its record 14% decline on Monday.The Hang Seng Tech Index dropped as much as 3%, bringing its losses over three
"I can't imagine Housewives of New York without Ramona," Luann de Lesseps tells PEOPLE (The TV Show!) of costar Ramona Singer's rumored firing from the show
Saurabh Chaudhary and Manu Bhaker finished seventh in Qualification 2 after topping the first phase with 582 at the Asaka Range.
South and North Korea have restored their once-severed hotline and the two countries' leaders have agreed to rebuild trust and improve ties, Seoul's presidential Blue House said on Tuesday. North Korea's state media outlet, KCNA, also said all inter-Korean communication channels were reopened at 10 a.m. Tuesday (0100 GMT) in line with an agreement between the leaders. South Korean President Moon Jae-in and North Korean leader Kim Jong Un have exchanged multiple letters since April and agreed to reconnect the hotline, the Blue House said.
Alaska's Lydia Jacoby pulled off the biggest upset of the Olympics so far.
The mandates all cited the highly contagious Delta variant
Flora Duffy has already been awarded an OBE for services to Bermudan sport and now, having added the country's first Olympic gold medal to her sparkling CV, she will hope things pan out better than for the island's only other Games medallist. After collecting a heavyweight boxing bronze in 1976 Clarence Hill's life spiralled downwards into drugs and he eventually served jail time for dugs offences and armed robbery. Duffy, it is safe to assume, is destined for better things and has already been feted on Twitter by the country's Premier David Burt after her superb victory in Tuesday's Olympic triathlon.
The 27-year-old achieved the best finish by a British woman in Olympic triathlon history.
Britain’s Tom Dean stunned team-mate Duncan Scott to win a surprise gold in the men’s 200m freestyle in a thrilling finish to the Tokyo Olympic final. Scott had gone into the final as the world No1 and the fastest qualifier, while Dean was not quite as fancied on the basis of the qualifying times despite being ranked second in the world this year. It doubled Britain’s gold-medal tally at these Games following as it did less than 24 hours after Adam Peaty’s gold in the 100m breaststroke.
For the first time since 1992, the American men have lost a backstroke race at the Olympic pool
(Bloomberg) -- Oil resumed gains as investors bet the global demand recovery will remain intact despite a resurgence in Covid-19 leading to tighter restrictions on movement in many regions.Futures in New York rose 0.4% to trade near $72 a barrel after dipping Monday. The rebound in key energy consumers such as the U.S. and China has helped to underpin increasing fuel consumption and drained bloated stockpiles built up during the pandemic. The fast-spreading delta variant, however, has raised som
It was unclear why the former aide has chosen to support the singer, whose hits include Toxic
Tom Dean powered to the gold medal in the men's 200m freestyle at the Tokyo Olympics on Tuesday, heading a British one-two with Duncan Scott taking silver. Dean won in a time of 1:44.22 with Scott was just four hundredths of a second behind him. Fernando Scheffer of Brazil took bronze.
Kaylee McKeown secures another gold for Australia as Olympic swimming tally risesMcKeown sets new Olympic benchmark in 100m backstrokeCanada’s Kylie Masse takes silver, Regan Smith of the US bronze Kaylee McKeown celebrates her victory in the women’s 100m backstroke final at the Games in Tokyo. Photograph: Al Bello/Getty Images
This result marks the first time two British male swimmers have shared an Olympic podium since London 1908