This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy.

Controversial US Visa Draws Rich From China to India After Reset

(Bloomberg) — A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York’s Hudson Yards and Trump Bay Street in Jersey City is making a comeback — and the queue of wealthy applicants from China to India is growing. The revived EB-5 program is poised to fund undertakings from a golf resort in … Read more

EU’s Move to Replace Gas With Hydrogen Held Up by Red Tape

So-called green hydrogen is made from water using an electrolyzer powered by renewable sources and the technology has long been viewed as a solution for steel, chemicals and other carbon-intensive industries seeking to cut emissions. Relative to other energy sources, the economics for hydrogen have improved in Europe as natural gas last month surged to … Read more

India Accuses A16Z-Backed Crypto Exchange CoinSwitch of Forex Violations

The Enforcement Directorate searched office facilities and residences of directors and the CEO. The exchange is under suspicion of acquiring shares of over 20 billion rupees ($250 million) in contravention of forex laws, the person said, asking not to be named as the matter isn’t public. The exchange was also found non-compliant with certain know-your-customer … Read more

Amazon to Buy Roomba-Maker IRobot for $1.65 Billion

The Biden administration is ramping up scrutiny of deals by technology giants. The US Federal Trade Commission has been looking at Amazon since 2019 over antitrust concerns with its retail business and cloud computing services. Lina Khan, who became chair of the agency last year, had made a name for herself with a groundbreaking legal … Read more

Elon Musk’s Antics Turn Owners and Would-Be Buyers Against Tesla

Before it was reported Musk had an affair with Sergey Brin’s wife, which he’s denied; before his slipshod deal, then no-deal, to acquire Twitter Inc.; before the revelation he fathered twins with an executive at his brain-interface startup Neuralink; before SpaceX fired employees who called him “a frequent source of distraction and embarrassment”; before his daughter changed … Read more

Gen Z Uses TikTok Like Google, Upsetting the Old Internet Order

Roughly 40% of young people today use TikTok or Instagram, owned by Facebook parent Meta Platforms Inc., over Google when searching for lunch recommendations, Prabhakar Raghavan, a Google senior vice president, said in an interview with TechCrunch this month. The data come from a survey of U.S. users ages 18 to 24. The search giant, … Read more

Zelenskiy Calls Russian Odesa Strike ‘Barbarism’

“Yesterday, all parties made clear commitments on the global stage to ensure the safe movement of Ukrainian grain and related products to global markets,” Farhan Haq, deputy spokesman for Guterres, said in a statement. “Full implementation by the Russian federation, Ukraine and Turkey is imperative.” 

Twitter Gets a Win Over Musk With Trial Fast-Tracked for October

Andrew Rossman, a lawyer for Musk, argued at the hearing that there was no need to rush a trial to meet an October deadline specified in the deal. The important date is when the financing commitments for the purchase expire, near the end of April of next year, he told the judge. A February trial … Read more