Shanghai hunkers down for final COVID battle, Beijing outbreak stubborn

SHANGHAI/BEIJING, May 14 (Reuters) – Shanghai was tightening its COVID-19 lockdown for what it hoped would be the final week of its battle with the virus before it could gradually begin to ease restrictions, while Beijing kept fighting its much smaller but persistent outbreak. China’s commercial hub of 25 million hopes to come out of … Read more

Tesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID

SHANGHAI/BEIJING, May 10 (Reuters) – Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories face trying to ramp up output under a tightening COVID-19 lockdown, while China’s capital kept up its fight with a small but stubborn outbreak. Many of the hundreds of companies reopening factories in Shanghai in recent … Read more

As Beijing COVID outbreak proves stubborn, mass tests become routine

BEIJING/SHANGHAI, May 8 (Reuters) – Millions of Beijing residents queued up for another round of COVID-19 tests on Sunday, in what is becoming a daily routine as the Chinese capital races to contain a small but stubborn outbreak – and avoid a Shanghai-type prolonged lockdown. The commercial hub of Shanghai, which has conducted 63 million … Read more

BoE flags risk of recession and 10% inflation as it raises rates again

A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the first major world’s central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021 REUTERS/Toby Melville Register now for FREE unlimited access to register Central bank sees economy shrinking … Read more

Morning Bid: Peak hawkishness | Reuters

Investors are seen behind screens displaying stock information at a brokerage house in Fuyang, Anhui province, China February 24, 2022. China Daily via REUTERS/Files Register now for FREE unlimited access to register A look at the day ahead from Danilo Masoni. A sharply lower close on Wall Street on Friday will set the tone … Read more

China April factory activity contracts at steeper pace as lockdowns bite

Workers in protective suits stand on a street during a lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, April 16, 2022. REUTERS/Aly Song Register now for FREE unlimited access to register China April official manufacturing PMI at 47.4 vs 49.5 in March April official services PMI at 41.9 vs 48.4 in March … Read more

China pledges support for economy to boost markets

People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS/Tingshu Wang Register now for FREE unlimited access to register Will step up policy adjustments to steady growth, politburo says Coronavirus, Ukraine events have contributed to economic risks … Read more

EXCLUSIVE Germany to hike 2022 inflation forecast to 6.1% – document

The skyline is pictured at the end of the first day under a partial lock down of the city by authorities due to the spread of the coronavirus disease (COVID-19) in Frankfurt, Germany, March 18, 2020. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to register BERLIN, April 25 (Reuters) – The German government … Read more

Blast at illegal Nigerian oil refinery kills more than 100 people

Bunkering site was on border of Rivers and Imo states Illegal refining in Niger Delta fueled by poverty Blast follows recent crackdown by Rivers state governor YENAGAO, Nigeria, April 24 (Reuters) – Charred bodies were left scattered among burnt palms, cars and vans on Sunday after a weekend explosion which killed more than 100 people … Read more

Macron, Le Pen face off in high stakes election debate

Debate kicks off at 1900 GMT Macron, Le Pen in tight race to win election France votes on Sunday PARIS, April 20 (Reuters) – French President Emmanuel Macron and far-right challenger Marine Le Pen will face off on Wednesday evening in their only debate ahead of Sunday’s presidential election. For Le Pen, who lags Macron … Read more