COVID-19, overdoses pushed US to highest death total ever
2021 was the deadliest year in U.S. history, and new data and research are offering more insights into how it got that bad. The main reason for the increase in Continue Reading
China’s Li Issues Third Growth Warning as Covid Takes Toll
China’s Premier Li Keqiang issued a third warning about economic growth risks in less than a week, suggesting heightened concern about the outlook as widespread Covid lockdowns disrupt production and Continue Reading
Oil Slumps as China’s Worsening Outbreak Raises Demand Concerns
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West Texas Intermediate futures slid below $96 a barrel. Virus cases Continue Reading
China’s Covid Lockdowns, Surging Oil Add to Inflation Risks
China’s factory-gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest Continue Reading
IPhone Maker Halts Plants as China Covid Battle Hits Tech Supply
IPhone assembler Pegatron Corp. suspended production at its Chinese plants in Shanghai and Kunshan as the country’s policies to control the worst virus outbreak in two years disrupt global supply Continue Reading
Shanghai eases 2-week shutdown, letting some residents out
Some residents of Shanghai were allowed out of their homes as the city of 25 million eased a two-week-old shutdown Tuesday after videos posted online showed what was said to Continue Reading
China’s Covid Outbreak Worsens as Shanghai Cases Top 26,000
China is defending its Zero-Covid strategy as the U.S. asks Americans to reconsider travel to China. Bloomberg News China’s largest Covid-19 outbreak in two years continues to spread despite an Continue Reading
Shanghai Eases Lockdown for 43% of City’s Housing Complexes
Shanghai eased a lockdown for 43% of its housing complexes, a sign the financial hub is tentatively exiting an unprecedented disruption that strained the economy and wrought havoc on residents’ Continue Reading
China Port Congestion Worsens as 477 Bulk Ships Waiting to Berth
Bulk carrier positions as of April 11 mapped in yellow Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain Continue Reading
Guangzhou closes to most arrivals as China’s outbreak grows
The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities. Shanghai has taken the brunt of the Continue Reading