Biden, South Korea’s Yoon vow to stop North Korea but offer COVID aid

SEOUL, May 21 (Reuters) – President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills and deploy more US weapons if necessary to deter North Korea, while offering to send COVID-19 vaccines and potentially meet Kim Jong Un. Biden and Yoon Suk-yeol said their countries’ decades-old alliance needed … Read more

Shanghai inches towards COVID lockdown exit, Beijing plays defense

Shanghai cautiously works to restore transport services Shanghai reports mostly zero new community cases this week Beijing on edge as new infections keep appearing BEIJING/SHANGHAI, May 21 (Reuters) – Shanghai cautiously pushed ahead on Saturday with plans to restore part of its transport network in a major step towards exiting a weeks-long COVID-19 lockdown, while … Read more

Global markets in “unambiguous contrarian buy territory,” Bank of America says

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register LONDON, May 20 (Reuters) – The trillions wiped off global markets in … Read more

Biden arrives in S.Korea with first stop at Samsung

OSAN AIR BASE, South Korea, May 20 (Reuters) – President Joe Biden arrived in South Korea on Friday, the first stop on his first trip to Asia as president, where his attempts to counter China’s influence and build economic ties are likely to be overshadowed by North Korean threats. Biden landed at the US air … Read more

Shanghai finds cases after five days of ‘zero COVID’ but end of lockdown on track

Family of three catch COVID outside Shanghai’s quarantined areas Plans to ease curbs in May and lift lockdown in June still on More and more cities in China bringing COVID under control SHANGHAI/BEIJING, May 20 (Reuters) – Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday, triggering stricter curbs … Read more

China’s international schools hit by exodus of teachers dejected by COVID curbs

SHANGHAI, May 20 (Reuters) – After teaching for three years at an international school in Shanghai, Michael is preparing to break his contract and leave, worn down by stringent measures against the coronavirus. Following two years of nearly-shut borders, onerous health checks and quarantine norms, a decision at the beginning of April to lock down … Read more

US warns North Korea could greet Biden with nuclear, missile tests

WASHINGTON/SEOUL, May 18 (Reuters) – US intelligence shows there could be a North Korean nuclear test, or a long-range missile test, or both, before, during or after President Joe Biden’s trip to South Korea and Japan starting this week , the US national security adviser Jake Sullivan, said on Wednesday. The White House said Biden … Read more

China’s zero-COVID policy dashes global hopes for quick economic return to normal

A worker in a protective suit walks on a closed bridge during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 18, 2022. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com register May 19 (Reuters) – A sharp slowdown in China’s economy caused by its strict zero-COVID rules and Beijing’s … Read more

COVID or no COVID, Beijing diners won’t be denied their Peking duck

BEIJING, May 18 (Reuters) – As restaurants in the Chinese capital drift in the doldrums of a COVID ban on dining in, one eatery manager and his army of chefs have set up stalls on the pavement to keep alive some of the old magic and drum up sales of their big seller, Peking duck. … Read more

‘Huge’ pressure for Shanghai to stay COVID-free as lockdown end nears

Shanghai health authorities warn of risks of COVID rebound Some migrant workers looking to leave Shanghai Goldman cuts China GDP forecast, warns of further slip E-commerce giant JD.com says consumers losing confidence SHANGHAI/BEIJING, May 18 (Reuters) – Health authorities in Shanghai faced “huge” pressure to keep China’s most populous city free of COVID-19 as residents … Read more