Bloomberg Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’ (Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper.Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary—and, less happily, replacement for a man who very recently had been executed.On this April night, Wang was… Source link

NEW YORK — Google is venturing into new territory. While some brick-and-mortar stores are shutting their doors due to being unable to compete with online shopping, Google is planning to open a physical store. The company announced plans to open the first “Google Store” this summer in New York. It will employ experts to help customers with installations, tech issues or broken screens. The store will also sell Google products – like Pixel phones, Pixel books, Fitbit devices and Nest products. The… Source link

Android 12, which is now available as a public beta, will work with Android TV. Angela Lang/CNET

Hail, freezing rain and gale-force winds during a high-altitude mountain ultramarathon led to the deaths of 21 experienced runners in northwestern China on Saturday, state media and the Associated Press reported. The 62-mile Huanghe Shilin Mountain Marathon race began in sunny conditions that morning. By 1 p.m. the weather turned to freezing rain, hail stones and gale winds, the state-run Global Times reported. Rescuers confirmed that 151 of the 172 total runners were safe, via AP, and eight… Source link

Former Michigan State University basketball star Keith Appling was named as a suspect in a deadly shooting late Saturday by the Detroit Police Department.  At around 7:10 p.m. on the city’s west side a verbal altercation ensued between a 66-year-old male victim and a 29-year-old man later identified as Appling, police said. The verbal altercation turned physical and Appling reportedly fired multiple gunshots at the older man, police said.  Police said the suspect fled the scene in a newer… Source link

Virtual Google I/O! It’s just like the real thing. Most of those little characters are real people. Ron Amadeo … Source link

Once again, Google is hitting the reset button, combining with Samsung’s Tizen wearable operating system for a new wearable OS, tentatively called “Wear.” The company is throwing in the towel on Wear OS. It’s trying yet again, this time with Samsung’s Tizen OS helping to fill in the gaps that Google, for whatever reason, can’t. It’s theoretically good news for Android owners interested in a decent smartwatch — but one that’s damning of Google’s lackluster efforts in… Source link

Google Photos unlimited storage benefit is coming to an end on June 1. Google had announced in November last year that it was ending the unlimited storage benefit. The change means that users who want more storage than the 15GB limit cap for Google accounts — split between Google Photos, Drive, and Gmail — will have to buy additional storage. Google Photos users earlier had the option to store unlimited ‘High’ quality photos (compressed to below 16MB) on the cloud for free, which will… Source link

ROME (AP) — A cable car taking visitors to a mountaintop view of some of northern Italy’s most picturesque lakes plummeted to the ground Sunday and then tumbled down the slope, killing 13 people and sending two children to the hospital in serious condition, authorities said. Stresa Mayor Marcella Severino said it appeared that a cable broke, sending the car careening until it hit a pylon and then fell to the ground. At that point, the car overturned “two or three times before hitting some… Source link

At its I/O confab, Google announced a new way for you to scrub your recent search history. Angela Lang/CNET … Source link