When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

Enjoy unlimited access to quality journalism.

Limited time offer

Get your 30-day free trial!
supporters celebrate fetterman's victory at the midterms elections 2022

In one of the key midterm matchups, Democrat John Fetterman defeated Donald Trump-backed Republican Mehmet Oz to take the Pennsylvania Senate race. Fetterman, 53, had suffered a stroke earlier in the campaign, which affected his ability to communicate. Most polls had predicted the Democrats would lose majority control of both the House of Representatives and Senate. Four Senate races are still close to call, with the two parties currently at 48 seats each.

Laure Gautherin, Renate Mattar, Sophia Constantino and Anne-Sophie Goninet

👋 Adishatz !*

Welcome to Wednesday, where the expected Republican midterm victory wave turns out to be more of a ripple, Zelensky remains defiant as battles intensify in Donetsk, and 2,300 year-old bronze statues are found in pristine condition in Tuscany. Meanwhile, Chinese-language media The Initium has rare testimonies from workers forced to flee China’s huge Foxconn factory, for fear of being trapped inside by COVID orders.

[*Occitan, France]

✅  SIGN UP

This is our daily newsletter Worldcrunch Today, a rapid tour of the news of the day from the world's best journalism sources, regardless of language or geography.

It's easy (and free!) to sign up to receive it each day in your inbox: 👉 Sign up here

🌎  7 THINGS TO KNOW RIGHT NOW

• Democrats outperform expectations in U.S. midterms: Results are still being tallied in the U.S. midterm elections, with the majority of both the House of Representatives hanging in the balance. Still, results so far have defied forecasts of a massive swing in the Republican party’s favor.

• Heavy fighting in Donetsk region as Ukraine’s Zelensky remains defiant: President Volodymyr Zelensky has said his forces will not yield “a single centimeter” as battles intensify for control of the eastern Donetsk region. Meanwhile, the current whereabouts of U.S. basketball star Brittney Griner, imprisoned in Russia since February, are unknown.

• North Korea fires ballistic missile: Pyongyang has fired a new ballistic missile towards South Korea’s East Sea waters. The North Korean military described the launch as a “simulated attack” on both South Korea and the U.S., and comes after last week's record number of missiles launched from the Korean peninsula.

• France ends military operation in Sahel: Emmanuel Macron has declared the official end of French’s military presence in the Sahel region in northwest Africa. Given the continuous development of ISIS-affiliated groups in the region, after almost decade, Paris decided “Operation Barkhane” would be replaced by “a military operation and an international alliance.”

• Nepal earthquake kills five: At least five people have died and six injured by a magnitude 5.6 earthquake, whose epicenter was in Seti Zone, Nepal. The tremor, which lasted for about ten seconds, was felt as far as New Delhi, India, more than 400 kilometers away.

• Zuckerberg announces 11,000 job cuts: Mark Zuckerberg has announced that Facebook’s parent company Meta will be laying off 11,000 employees (about 13% of the company’s total workforce) amid revenue collapse, and following huge job cuts at Twitter.

• Elon Musk sells $4 billion of Tesla shares: Just weeks after completing his bumpy $44-billion takeover of Twitter, Tesla founder Elon Musk has sold 19.5 million shares of the electric car company, worth $3.95 billion. Tesla's share price has dropped by half since the start of the year.

🗞️  FRONT PAGE

Italian daily Corriere della Sera reports on the discovery of 24 stunningly preserved bronze statues by archeologists in San Casciano dei Bagni, Italy. The statues, found in an ancient Tuscan spa, are believed to date back 2,300 years; their exceptional state of preservation may be due to their having been immersed in thermal waters as part of a ritual.

#️⃣  BY THE NUMBERS

+31%

Between January and September 2022, India’s imports from China rose by 31% to reach a record high of $89.66 billion worth of goods — mostly in capital goods or “input goods”, such as steel, iron, plastic and electronics. For the same period in 2021, import from China was already the highest ever recorded at the time, with $68.46 billion worth of goods. Simultaneously, India’s exports to China have fallen dramatically by 36.4%, now standing at $13.97 billion.

📰  STORY OF THE DAY

Escape from Foxconn: inside the COVID lockdown chaos blocking China's iPhone production

Around China, Zero COVID policy has shut down entire towns and workplaces. But in the high-tech Foxconn factory in Zhengzhou, famous for cranking out iPhones, employees were forced to work even if they tested positive. Yi Dong and Ren Yang have gathered exclusive testimony from some of those who fled Foxconn premises last week for Chinese-language media The Initium.

🇨🇳🏭 By the end of October, things were getting out of control at Foxconn: chaotic COVID testings, spreading infections, workers quitting their jobs. Some felt trapped inside the five million square meters of the Foxconn factory, China's largest producer of Apple's iPhones, which was falsely described as a COVID-free zone. On Oct. 29, videos of Foxconn workers returning by foot to their hometowns began to spread on the internet. Some claimed that due to the company's chaotic quarantine system and poor logistical support, they had chosen to leave on their own. This would raise new questions about China's policy for dealing with the spread of COVID.

😷 When the virus began to spread, most of Foxconn's factory was blocked off by metal sheets, recalls Chen, a 35-year-old worker, who managed to escape. "People outside could not get in, people inside could not get out," she said. From mid-October onwards, people were pulled away from Chen's workshop for being tested positive, and she herself went through a quarantine. "They've shut down entire towns and cities for the virus, but at Foxconn we had to continue to work as normal. We were forced to work together even with people who tested positive. Everyone was quite scared and frightened."

⛔ Many workers who made it back home found themselves facing a totally different situation: While in Foxconn, information was blocked, and quarantine policies were disorganized, they now have to deal with strict Zero-COVID policies in smaller towns. "In Foxconn, as long as you are not COVID positive, you have to work — while in fact everyone is already a contact case, and in principle we all have to isolate." It seems to be more flexible in Foxconn, but in fact it is another kind of paralysis.

➡️ Read more on Worldcrunch.com

📣 VERBATIM

If a meeting is arranged with Xi, then that would be a positive thing.

— Australian Prime Minister Anthony Albanese has said a meeting with Chinese President Xi Jinping would be a “positive thing” considering the previously strained relationship between the two countries. These comments come amid expectations the Australian leader could have his first face-to-face meeting with Xi during a series of gatherings of international leaders this month, including the G20 leaders’ summit in Bali, Indonesia.

✍️ Newsletter by Laure Gautherin, Renate Mattar, Sophia Constantino and Anne-Sophie Goninet


Let us know what’s happening in your corner of the world!

info@worldcrunch.com

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

Future

Some Historical Context On The Current Silicon Valley Implosion

Tech billionaires such as Elon Musk and Mark Zuckerberg have lost far more money this year than ever before. Eccentric behavior and questionable decisions have both played a role. But there are examples in U.S. business history that have other clues.

Photo of Elon Musk looking down at screens featuring Twitter's blue bird logo

The rise and fall of Elon Musk

Daniel Eckert

-Analysis-

BERLIN — Life isn’t always fair, especially when it comes to business. Although he had already registered dozens of patents, during the global economic crisis of the 1930s, tireless inventor Nikola Tesla found himself struggling to put food on the table. Sure, investors today associate his name with runaway wealth and business achievements rather than poverty and failure: Tesla, the company that was named after him, has made Elon Musk the richest man in the world.

Bloomberg estimates the 51-year-old’s current fortune to be $185 billion. While Musk is not a brilliant inventor like Nikola Tesla, many see him as the most successful businessperson of our century.

And yet, over the past month, many are beginning to wonder if Musk is in trouble, if he has spread himself too thin. Most obvious is his messy and expensive takeover of Twitter, which includes polarizing antics and a clear lack of a strategy.

Keep reading...Show less

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

The latest