News article in McDonald’s website confirms that after more than 30 years of operations in the country, McDonald’s Corporation...

Economy

McDonald’s To Exit from Russia after 30 Years of Service in the Country

The dollar slipped against other major currencies for a third straight day on Tuesday, tempering a long rally as investors cashed out and trimmed bets on U.S...

Stock Markets

Dollar Slipped against other Major Currencies as Focus turns to Growth

Asian shares rise on Tuesday, boosted by technology majors, as hopes expectation grow for an easing of China's regulatory crackdown on...

Stock Markets

Asian Shares Rise on High Expectation of Easing China Tech Crackdown

On Friday, Elon Musk revealed that his $44 billion takeover deal for Twitter Inc. has been put “temporarily on hold”, triggering a share plunge...

Stock Markets

Musk’s $44 Billion Twitter Acquisition Deal ‘on Hold’ Causing Shares to Plunge

His Highness Sheikh Khalifa bin Zayed Al Nahyan, the President of the United Arab Emirates and Ruler of Abu Dhabi, has passed away on Friday, May 13, aged 73...

World

RIP: UAE’s Sheikh Khalifa Bin Zayed Al Nahyan Passes Away

World

4 Feb 2022

Winter Olympics Kicks Off in China in the Midst of Boycotts and COVID-19

Winter Olympics Kicks Off in China in the Midst of Boycotts and COVID-19

The Index Today

The 2022 Winter Olympics kicks off today in China as Beijing makes history as the only city in the world to host both the Summer and the Winter Olympics. However, this year’s Olympics season looks markedly different from the previous ones, marred by the growing threat of the ongoing COVID-19 pandemic as international tensions continue to brew.

In order to ensure a safe and seamless experience, China has barred the public from attending the events, while also strictly confining athletes and other officials to separate “bubbles” in order to control and prevent any possible spreading of the virus.

However, several prominent countries have recently announced their boycott of this year’s Olympics in response to China’s rising human rights issues. The U.S., Canada, Australia, and the U.K. are in a diplomatic boycott of the Games. Russia, however, has extended its support with the arrival of President Vladimir Putin in China on Friday for the Olympics.