— This is the script of CNBC's news report for China's CCTV on Sep 3, 2021, Friday.
A trial, which has been delayed several times due to the pandemic kicks off this week, and the twelve jurors have been selected and sworn on Thursday. The "protagonist" of this case Elizabeth Holmes becomes the focus of the media again. She was in the iconic black look on the trial. Holmes was once seen as the epitome of success in Silicon Valley and nicknamed "Female Steve Jobs", now she is facing several charges.
In 2004, Elizabeth Holmes dropped out of Stanford University at the age of 20. She used her tuition money as seed funding and started a business. From then on, she embarked on a crazy journey. Her story of "using one drop of blood to detect cancer" helped raise $700 million of investment with her company once reaching a valuation of 9 billion dollars. Some top billionaires, including media mogul Rupert Murdoch, Walmart's Walton family, and Carlos Slim, the former richest man in the world all pumped money into her business.
However, in 2015, a Wall Street Journal report revealed that the company's technology of using a few drops of blood to test for a variety of health conditions is a big scam. Holmes is facing 12 charges of fraud. If found guilty, she could spend 20 years in jail. Prosecutors say Holmes not only swindled investors of hundreds of millions of dollars, but she also put thousands of lives at risk. Holmes has denied the accusations, and the trial is expected to last 13 weeks,
Sayed Sadaat is the former Communications and Information Technology Minister in the Afghan government. His life has undergone drastic changes. Saadat left the country for Germany last year, now he is a deliveryman, earning around €15 euros (￥115) an hour.
The 50-year old Sayed has two master's degrees in communications and electronic engineering from Oxford University, However, due to language barriers, he has difficulty finding a job that matches his major and experience. So he is learning German now while working as a deliveryman. He told the media that the corruption in the Afghan government and deterioration of security are the main reasons for his leaving. According to the media report, he is assisting the German government to help Afghans flee to European countries. Since 2015, around 210,000 Afghans have sought asylum in Germany, data shows.
This week, football superstar Cristiano Ronaldo announced that he is re-joining Manchester United. Like Messi, he also took a pay cut. However, both men have decent off-the-field income, including endorsements and commercial sponsorship, so the impact on their total income is relatively limited.
European football's 5 biggest clubs have slashed spending on players, even as the sport's summer transfer window included blockbuster moves of Messi and Ronaldo, according to Deloitte. Premier League clubs' gross expenditure of £1.1bn in the 2021 summer transfer window is 11% lower than that in summer 2020, the net spending decreased by 38% to £56m, both figures are six-year lows. Additionally, some players even did not get paid for their transfers, experts believe there will be more similar free transfers.