🧑‍🏭 China's 'Silicon Valley' manufacturing hub orders production halts to control a Covid spike

Today’s pick

China's 'Silicon Valley' manufacturing hub orders production halts to control a Covid spike. Shenzhen, the biggest city in the manufacturing hub of Guangdong province, told all businesses not involved with essential public services to suspend production or have employees work from home starting Monday. (Evelyn Cheng / CNBC)

Arjun Kharpal @ArjunKharpal

"After two years of posting one of the world’s most successful track records in managing the coronavirus, China suddenly faces a wave of cases." This is going to be a key story to watch with potential knock on effects on supply chains + impact on China economy

Keith Bradsher @KeithBradsher

Covid is surging in mainland China. Cases detected on Thursdays and announced on Fridays: 3 weeks ago, 60. 2 weeks ago, 104. A week ago, 117. Today, 1,100. https://t.co/UcMXZf7MLo

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Rotten managers are to blame for the surging wave of job burnout - and the fix has to come from them, not overworked employees. Burnout is insidious. It's a creeping malaise that makes easy tasks feel hard and hard tasks feel impossible. And it's not just a buzzword. Employee burnout is now recognized by the World Health Organization as a 'syndrome' caused by 'chronic… (Ed Zitron / Business Insider)

Business Insider @BusinessInsider

Burnout in the workplace isn't a vast, complex tapestry that we still don’t understand. It's a failure of employers and managers to address core problems plaguing their employees: workplace harassment, an overwhelming workload, and more.

businessinsider.comRotten managers are to blame for the surging wave of job burnout — and the fix has to come from them, not overworked employeesThe burnout solution isn’t for workers to take more vacation. Companies have to change their culture to give employees more reasonable workloads.

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Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations. Chinese technology giant Tencent Holdings Ltd. is facing a potential record fine for violations of some central bank regulations by its WeChat Pay mobile network, as Beijing toughens its regulations for fintech platforms, according… (Jing Yang / Wall Street Journal)

Jonathan Cheng @JChengWSJ

China's Tencent is facing a potential record fine for violations of some central bank regulations by its WeChat Pay mobile network, as Beijing toughens its regulations for fintech platforms, according to people familiar with the matter. @jingyanghk

on.wsj.comWSJ News Exclusive | Tencent Faces Possible Record Fine for Anti-Money-Laundering ViolationsChinese technology giant Tencent is facing a potential record fine for violations of some central bank regulations by its WeChat Pay mobile network, as Beijing toughens its regulations for fintech platforms.

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Facebook Has a Child Predation Problem. While trying to map the extent and impact of place-based Facebook groups where QAnon and allied disinformation spread, I went looking for Facebook groups with names including 10, 11, or 12. This was part of my work with the Pitt Disinformation Lab… (Lara Putnam / WIRED)

Lara Putnam @lara_putnam

In Fall 2021, Facebook earned 9 BILLION dollars in profit in just three months. Also in fall 2021, I stumbled on open & explicit child sexual predation groups on Facebook—& with rising disbelief found it impossible to get them taken down. This is my story.

wired.comFacebook Has a Child Predation ProblemThe platform can be quicker at recommending groups built around child predation than it is to remove them.

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The real problem with NFTs? They're ugly. The email arrived, like so many others, announcing a “historic NFT sale” of “fRiENDSiES” by “FriendsWithYou” ;, that is soon to take place at Christie's. This was nothing new. Historic NFT events now arrive… (Louis Wise / Financial Times)

htsi @htsi

NFTs have been the source of dizzying financial speculation recently, especially in the art world - but how come so many of the ones minted have been hideous? Louis Wise searches for the fabulous non-fungible tokens

on.ft.comThe real problem with NFTs? They’re uglyThe art market is feverish for non-fungibles — so how come they’re all so unappealing?

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🇺🇦 Ukraine Crisis

• Russia asks China for military assistance in its invasion of Ukraine. (Demetri Sevastopulo / Financial Times)

• Russian Prosecutors Warn Western Companies of Arrests, Asset Seizures. (Jennifer Maloney / Wall Street Journal)

• America's Hesitation Is Heartbreaking. (Eliot A. Cohen / The Atlantic)

• Ukraine: How a transgender man escaped Russia's invasion. (Bethany Dawson / Business Insider)

• Russia Lost Access to Half Its Reserves, Finance Minister Says. (Bloomberg)

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Take care and see you tomorrow!

— Jose Montes de Oca

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