ELAINE KURTENBACH
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Global Economic Uncertainty: Tech Sector Offers Hope Amidst Stock Market Volatility and Slowing Expansion
Broke On: Tuesday, 23 July 2024Amidst a volatile global economy, the Nikkei 225 and Topix in Japan, Kospi in South Korea, and S&P/ASX 200 in Australia experienced fluctuations. Toyota showed optimism with a share buyback plan. The US markets also saw declines due to mixed tech earnings reports and expected Fed rate cuts. Amidst uncertainty, the tech sector remains a focus for investors seeking growth. China Approves 105 New Online Games, Proposes Curbs on Gaming
Broke On: Tuesday, 26 December 2023China has approved 105 new online games, including Tencent's Counter War: Future and NetEase's Firefly Assault. The National Press and Publication Administration issued a statement on its WeChat social media account Monday stating that the approvals by the Game Working Committee of China Music and Digital Association were positive signals that support the prosperity and healthy development of the online game industry. In 2023, 1,075 game version numbers had been issued, of which 977 were domestically produced and 98 were imported. The domestic online games market exceeded 300 billion yuan ($42 billion) in revenue in 2023, with the number of people playing the games reaching 668 million. China has proposed online-gaming curbs, which led to a decline in the market cap of Tencent by $46 billion. The measures include limiting users' in-game spending and eliminating incentives that can get people hooked on games. This has caused Chinese gaming shares to dive. The new rules reflected Beijing's concerns about user data.