Alibaba Group's Cainiao is in talks with Chinese vaccine makers over COVID-19 vaccine logistics, a spokeswoman said on Thursday, as the company launched a partnership with Ethiopian Airlines to transport medicine to the Middle East and Africa. "We are currently in discussion with some domestic COVID-19 vaccine manufacturers and international organizations on cooperation over COVID-19 vaccine logistics," the spokeswoman said. Cainiao, a logistics company, underpins delivery for Alibaba's e-commerce marketplace, and it says it aims to deliver across the globe in 72 hours.
New Zealand authorities have approved tech billionaire Sean Parker’s purchase of a one-third stake in film director Peter Jackson’s visual effects studio. Parker needed special permission from the Overseas Investment Office because he isn’t a New Zealand resident and the Weta Digital studio is worth more than 100 million New Zealand dollars ($71 million). In a decision published on its website this week, the office said Parker and his business associates had the relevant experience and were “of good character.”
Shares were mostly higher in Asia on Thursday, helped by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy. Shares rose in Hong Kong, Tokyo, Seoul and Sydney but fell in Shanghai. The rollout of a vaccine in the U.S. could begin this month, if regulators give their approval.
China is carrying out sweeping inspections on food importers, supermarkets, e-commerce platforms and restaurants to prevent the spread of coronavirus through imported cold chain products, its market regulator said on Wednesday. China has repeatedly detected the virus on packaging on products ranging from German pork knuckles to Ecuadorian shrimp, triggering disruptive import bans, even as the World Health Organization says the risk of catching COVID-19 from frozen food is low. Imported cold-chain food products cannot be sold in China without a report showing they have undergone a nucleic acid test for the coronavirus, the market regulation administration said, reiterating an existing policy.
“This metastasizing debt crisis has had tremendous social costs. An entire generation has been set back.”
“It is not the government’s job to step in and rescue those who took on more debt than their future incomes would support.”
“Many student-borrowers need relief, but well-off borrowers who are thriving — thanks to their college degrees — do not.”
“It will stimulate the lagging economy. And though not everyone will directly benefit, the country as a whole will improve.”
“Canceling student debt would cost billions of dollars each year and would exacerbate, not lessen, economic inequalities.”