rible sight” emerged, Taylor said.
”Dead bodies had floated up (and the) current of the flood water had washed the bodies up against the road,” said Tay
lor. “The road had subsided about 10 inches (25.5 centimeters). So these bodies had been washed up against the main highway.”
Taylor said the smell of bodies and livestock was palpable.Hundreds of others were also attempting to make the congested seven-ho
ur walk from the village of Lamego — about 90 kilometers (56 miles) inland from Beira — to Nhamatanda, on higher ground. In places whe
re the current of the flood waters was strong, about 50 people joined hands to make a human chain, said Taylor.
”I’m 6 foot 2 inches (187 centimeters), but the force of water at knee level w
as powerful,” Taylor said. “You had to pay attention and concentrate where you put your feet.”
Taylor said he saw an elderly woman carry her husband on her back.
On the road out of Beira, he said “the entire area, as far as I could see, was one lake of flood
water,” adding that groups of up to 10 people had climbed eucalyptus, cashew and mango trees waiting to be rescued.
d to the lowest level in almost a decade.
”The reason for this underperformance relative to the rest of the world is, I believe, the uncertainty surrounding the prospect of Brexit,” Ge
rtjan Vlieghe, a member of the Bank of England’s Monetary Policy Committee, said in a speech last month.
The pain has also been felt by households. The pou
nd plunged 15% against the dollar after the 2016 vote, pushing the price of imported goods hig
her. That spurred inflation and contributed to a decline in the value of people’s paychecks.
Executives have reacted to the uncertainty by attempting to Brexit-proof their businesses.
”It is clear that political inaction has already had economic consequences, with many firm
s hitting the brakes on investment and recruitment decisions as a result of ongoing uncertainty,” said Ad
am Marshall, director General of the British Chambers of Commerce, a business lobby.
The identity of a Shanghai vagrant, who has become an overnight online celebrity after videos of him explaining Chinese classics to passers-by went viral on Chin
ese social media, has been confirmed by his employer, the auditing office of Shanghai’s Xuhui district government.
The office said the vagrant called Shen Wei became one of its employees in 1986 but
has been on sick leave since 1993, during which he has been paid with a basic salary.
For the past seven years, Shen, usually in rags and tangled long hair, has lived near the metro st
ation of Yanggao South Station and collected garbage every day. He began to get online attention over the past few
days when videos taken by passers-by, and then online broadcasters, show his eloquence, resourceful knowledge of Chinese classics and “wor
ds of wisdom” as he advises onlookers to spend more time on reading rather than taking videos of him.
He spends most of his spare time reading books, mostly Chinese classics which he has bought wit
h the money he earns from garbage collecting. He refuses to receive help and told the Red Star News reporter that he has around 10
0,000 yuan ($14,991) in his bank account. The money comes from his 2,000 yuan monthly salary and his father’s savings.
mental illness and not go back to work until he recovered.”The utmost goal is like Zhuge Liang (of the Three Kingd
oms), who became a senior official to serve the country,” Shen said. “What comes second is to be like Du Fu (a reno
wned poet in Tang Dynasty known for his patriotism), who always puts the country’s and the people’s interests first.”
“Over the past 26 years, no one from the office has ever asked about me,” Shen told Red
Star News. The auditing office of Xuhui district hasn’t responded to comment as of press time.
Shen also denied online rumors that he graduated from Fudan University and once lost a daughter to a car crash.
“I have never been married, so how could I have a daughter,” he retorted. “Me, a Fudan graduate? Fudan was far out of my league.”
After days of being bombarded with visits and interviews from curious citizens or online streamers, who
are tapping into his sudden popularity for public exposure, Shen said he hopes he can be left alone so as to read more books.
Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua
n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank.
A total of 60.53 billion mobile payment transactions were conducted last year, as a repor
t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013.
From around 2013, with online payments dominant and mobile payments only nas
cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe a mo
bilization trend in payment structures, Xue Hongyan with the Suning Institute of Finance told Securities Daily.
The number of China’s online payment deals has jumped from 23.67 billion in 2013 to 2018’s 57.01 billion, and trans
action value more than doubled to 2,126.3 trillion yuan in 2018 from 1,060.78 trillion yuan five years earlier.
NEW YORK – UP Fintech Holding Limited, a leading online brokerage firm focusing on global Chinese investors, rang th
e Nasdaq Stock Market opening bell on Wednesday in celebration of its initial public offering (IPO).
The company, known in Asia as “Tiger Brokers,” trading under the ticker symbol of “TIGR,” announced its IPO of 13 mill
ion American depositary shares (ADSs), each representing 15 Class A ordinary shares, at a price to the public of $8 per ADS.
UP Fintech Holding started trading at $8.10 per share on Wednesd
ay, climbing 24.6 percent from its pricing, and was traded at $9.97 apiece around midday.
Citi and Deutsche Bank acted as lead managers on the deal.
Online brokers utilize APPs and websites to provide integrated online securities services, incl
uding customer acquisition, account opening, securities trading and other value-added services.