Shanghai Reports 7 More Covid Deaths Since Start of Lockdown

A police officer in a protective suit keeps watch on a street, as the second stage of a two-stage lockdown to curb the spread of the coronavirus disease (COVID-19) begins in Shanghai, China April 1, 2022. REUTERS/Aly Song
A police officer in a protective suit keeps watch on a street, as the second stage of a two-stage lockdown to curb the spread of the coronavirus disease (COVID-19) begins in Shanghai, China April 1, 2022. REUTERS/Aly Song
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Shanghai Reports 7 More Covid Deaths Since Start of Lockdown

A police officer in a protective suit keeps watch on a street, as the second stage of a two-stage lockdown to curb the spread of the coronavirus disease (COVID-19) begins in Shanghai, China April 1, 2022. REUTERS/Aly Song
A police officer in a protective suit keeps watch on a street, as the second stage of a two-stage lockdown to curb the spread of the coronavirus disease (COVID-19) begins in Shanghai, China April 1, 2022. REUTERS/Aly Song

China reported seven more deaths from Covid-19 in Shanghai on Tuesday, after hundreds of thousands of cases in the metropolis during a weeks-long lockdown.

City authorities revealed the first deaths of this outbreak on Monday, with Tuesday's fatalities bringing the official toll to just 10, even as the virus continues to spread.

Beijing insists its zero-Covid policy of hard lockdowns, mass testing and lengthy quarantines has averted fatalities and the public health crises that have engulfed much of the rest of the world.

But some have cast doubt on official figures in a nation where the vast elderly population has a low vaccination rate.

By comparison, Hong Kong -- which also has a high number of unvaccinated elderly -- has tallied nearly 9,000 deaths among 1.18 million Covid-19 cases since the Omicron variant surged there in January.

Unverified social media posts have claimed Shanghai's deaths are going unreported, but the messages have been quickly scrubbed from the internet, AFP reported.

Shanghai health officials said Sunday that less than two-thirds of residents over 60 had received two Covid jabs and under 40 percent had received a booster.

The seven newly reported deaths were all unvaccinated patients, city health official Wu Qianyu told a press conference on Tuesday.

They were aged between 60 and 101, and suffered from underlying conditions such as heart disease and diabetes, according to the Shanghai Municipal Health Commission.

The patients "became severely ill after admission to hospital, and died after ineffective rescue efforts, with the direct cause of death being underlying diseases", the commission said.

Shanghai logged more than 20,000 new and mostly asymptomatic Covid cases Tuesday, defying officials' efforts to stamp out the infection.

Many of the city's 25 million residents have been confined to their homes since March, with some flooding social media with complaints of food shortages, spartan quarantine conditions and heavy-handed enforcement.

Protest footage has circulated faster than government censors can delete it.

The country's zero-tolerance approach to Covid had largely slowed new cases to a trickle after the virus first emerged in the central Chinese city of Wuhan in late 2019.

But officials have scrambled in recent weeks to contain an outbreak spanning multiple regions, largely driven by the fast-spreading Omicron variant.

By one estimate on Monday, around 350 million people in at least 44 cities are currently under some form of lockdown in China.



Trump Reports More Than $600 Million in Income from Crypto, Golf, Licensing Fees

A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
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Trump Reports More Than $600 Million in Income from Crypto, Golf, Licensing Fees

A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard

Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president.

The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. Overall, the president reported assets worth at least $1.6 billion, a Reuters calculation shows.

While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president - something that has opened him to accusations of conflicts of interest.

Some of his businesses in areas such as crypto, for example, benefit from US policy shifts under him and have become a source of criticism.

“President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations," White House press secretary Karoline Leavitt said in an emailed statement to Reuters.

"The Trump Administration is committed to transparency and accessibility for the American people."

The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures.

Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president - $TRUMP - alone has earned an estimated $320 million in fees, although it’s not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds.

In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture.

TRUMP MEDIA

The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social.

Besides assets and revenues from his business ventures, the president reported at least $12 million in income, including through interest and dividends, from passive investments totaling at least $211 million, a Reuters calculation shows.

His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco.
The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher.

The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million. The income figures provided are essentially revenues, not net profits after subtracting costs.

The disclosure underlined the global nature of the Trump family business, listing income of $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project.

Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible (its website describes it as "the only Bible officially endorsed by Lee Greenwood and President Trump"); $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances.

Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness - while First Lady Melania Trump earned around $216,700 from license fees on her own NFT collection.