As coronavirus outbreaks spread across China , Shanghai is introducing new rounds of lockdowns to be rolled out sequentially across the city’s neighborhoods, the city government announced on Sunday night, Continue Reading
Indonesian men fry krupuk, a rice cracker served with most meals, in Jakarta. The party backing President Joko Widodo is urging Indonesians to start boiling, steaming and roasting food instead Continue Reading
The Tesla Gigafactory in Shanghai. Bloomberg News Tesla Inc. is extending the production pause at its Shanghai plant to Thursday after the city was placed into a phased lockdown to Continue Reading
China began its most extensive lockdown in two years Monday to conduct mass testing and control a growing outbreak in Shanghai as questions are raised about the economic toll of Continue Reading
For all the focus on how Russia’s economy is in trouble, isolated and battered by western sanctions, China, its most important ally, faces serious tremors as well. No other major Continue Reading
China Petroleum & Chemical Corp. better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call Continue Reading
U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via Continue Reading
Seeking to soften the blow of higher gas prices on consumers, a handful of states have suspended their gas taxes, and several other states may soon follow. Gas prices, which Continue Reading
Germany’s decision to become more energy independent due to Russia’s invasion of Ukraine it will have to accept higher energy costs, Chancellor Olaf Scholz said on Sunday. Scholz told public Continue Reading
Russia is maintaining a distant blockade of Ukraine’s Black Sea coast which is effectively isolating Ukraine from international maritime trade, British military intelligence said on Sunday. Russian naval forces are Continue Reading
