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May 7th - According to the China State Railway Group Co., Ltd., during the May Day holiday transportation period from April 29th to May 6th, the national railway system transported a total of 159 million passengers, an increase of 5.2% year-on-year. Among them, 24.844 million passengers were transported on May 1st, setting a new record for single-day passenger volume. The national railway system also transported a total of 93.5 million tons of freight, an increase of 4.5% year-on-year. On May 2nd, 202,400 wagons were loaded, setting a new record for single-day freight loading on the national railway system.On May 7th, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held an enlarged meeting on May 6th. The meeting emphasized the need to adhere to a problem-oriented approach, accurately grasp the direction and focus of basic research in central enterprises, and strengthen basic research systematically and systematically based on national needs. It stressed guiding central enterprises to focus on applied basic research, leveraging their industrial and demand-driven advantages to promote the integration of the entire "science-technology-engineering-industry" chain. The meeting also emphasized strengthening overall planning, using the origin of original technologies as a starting point, and continuously exerting efforts in solving fundamental scientific problems, deploying strategic frontier technologies, and strengthening the supply of common technologies. Furthermore, the meeting stressed the importance of effectively cultivating high-level talent, increasing R&D investment, and building high-level platforms for basic research in central enterprises to drive the overall improvement of their basic research capabilities. The meeting called for pooling resources from all parties to promote stronger basic research in central enterprises with greater力度 and more concrete measures, strengthening collaboration with relevant departments, promoting the implementation of policies for investors, further deepening the reform of state-owned assets and enterprises, encouraging enterprises to be bold in innovation, and further stimulating the intrinsic motivation of researchers to engage in basic research, so as to make due contributions to achieving high-level scientific and technological self-reliance and building a strong science and technology nation.The yield on Japans two-year government bonds fell 1.0 basis point to 1.370%.May 7th Futures News: Economies.com analysts latest view: Brent crude oil futures have continued to decline in recent intraday trading. While the market had previously escaped oversold conditions, the Relative Strength Index (RSI) has begun to show a negative crossover signal. This opens up room for further declines in the short term, especially given that prices have remained below the 50-day moving average (EMA50) and previously broke below the short-term uptrend line; downward pressure remains.May 7th Futures News: Economies.com analysts latest view: WTI crude oil futures prices edged lower in the latest intraday trading session. The oversold condition of the Relative Strength Index (RSI) has eased, but the market still has room for further declines in the short term. Selling pressure remains dominant after prices broke below an important short-term uptrend line. Crude oil prices continue to trade below the 50-day moving average, which now acts as dynamic resistance, limiting any potential rebound. Unless oil prices regain their footing above key technical levels and resume upward momentum, these factors will reinforce the current bearish outlook.

Governor of Wisconsin Bans TikTok on State-owned Devices For Security Reasons

Aria Thomas

Jan 13, 2023 11:26

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In addition to forbidding the use of Chinese-owned TikTok on state-owned smartphones, the Democratic governor announced a ban on suppliers, products, and services from nine companies, including Huawei Technologies, Hikvision, Tencent Holdings (OTC:TCEHY), ZTE Corporation (HK:07), and Kaspersky Lab.


Evers stated, "In the digital age, defending our state's technology and cybersecurity infrastructure and digital privacy must be our state's top concern."


As of this week, over twenty additional states, including Ohio, New Jersey, and Arkansas, have banned TikTok on state-owned devices.


TikTok claimed that it was "disappointed that so many states are jumping on the political bandwagon to pass legislation that do nothing to improve cybersecurity in their own areas and are based on false claims about TikTok."


Some Democratic governors have been slower than their Republican counterparts to ban TikTok on state-owned devices.


Christopher Wray, director of the FBI in the United States, claimed in November that TikTok poses concerns to national security, which prompted efforts to prohibit the app on government computers. Wray called attention to the risk that the Chinese government may manipulate users or seize control of their devices via the program.


Since 2015, TikTok has endeavored to ensure Washington that the Chinese Communist Party or any other institution under Beijing's control cannot access or alter the personal information of American citizens.


A government finance bill signed into law last month by President Joe Biden barred federal employees from downloading or using TikTok on government-owned devices.


The law gives the White House's Office of Management and Budget (OMB) sixty days to "develop criteria and recommendations for executive agencies mandating the removal" of TikTok from federal equipment. The OMB declined to comment on Thursday.


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