Sony Looks to Sell Its Own Electric Vehicles
Sony Group Corp. said it would create a car unit and explore entering the electric-vehicle market, in another sign of how the electronics and car businesses are overlapping. At the CES Continue Reading
Chinese banks cut back traditional lending as concern over economy mounts
Chinese banks rushed to meet their annual state-imposed lending quotas last month by buying up low-risk financial instruments rather than issuing loans, a surge that bankers and analysts said reflected Continue Reading
In China’s Xi’an lockdown, tales of anguish as hospitals demand patients are covid-free – The Washington Post
On the first day of 2022, outside Xi’an Gaoxin Hospital, in the middle of China’s worst coronavirus outbreak since Wuhan, a woman eight months pregnant miscarried after being refused care until she Continue Reading
China’s Dec manufacturing PMI rises, uptrend likely to continue in early 2022
Highlights Manufacturing sector continues to recover in H1 2022 Concerns remain on overseas demand in H2 2022 The Chinese manufacturing purchasing managers index continued to rise in December at 50.3 Continue Reading
Hyundai describes Metamobility concept, introduces Mobility of Things
Hyundai Motor used CES in Las Vegas as the platform to describe its new “Metamobility concept”, which will incorporate the use of robotics in both the real world and the Continue Reading
Goldman Says China Border Curbs Likely to Last Most of 2022
China could retain its tight border restrictions for the whole of the year as it prepares to host the Winter Olympics and a series of political events in 2022, Goldman Continue Reading
India’s Diesel Demand Yet To Reach Pre-Covid Levels
India’s demand for diesel, the most used fuel in the world’s third-largest crude oil importer, rose in December 2021 from a month earlier but was still 2 percent lower than Continue Reading
Indonesia’s coal export halt throws dry bulk shipping into disarray
Supramax, Panamax rates in Pacific may fall sharply Ship-operators to foot cost of tonnage held up in Indonesia Supramax and Panamax markets in the Pacific region are expected to face Continue Reading
China’s Manufacturing Expands While Employment Remains Weak
Bloomberg News Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . China’s factory activity expanded in December as production and sales picked Continue Reading
China: Xi’an residents in lockdown trade for food amid shortage
Some have shared videos on social media of them swapping cigarettes for cabbage, and a Nintendo Switch for instant noodles and steamed buns Some residents under quarantine in the Chinese Continue Reading
Indonesian coal miners to commit 2.9 mil mt domestic supply after export ban: sources
Highlights Remaining 2.2 mil mt to be supplied by small miners Miners expect ban to be partially revoked on Jan. 5 Supply to remain tight till February: miners Major Indonesian Continue Reading
Chinese City Put in Partial Lockdown; HK Cluster: Virus Update
China imposed a partial shutdown on the 1.3 million residents of Yuzhou, a city in the central province of Henan, after finding three asymptomatic cases of Covid-19. Hong Kong also Continue Reading
Gas Shortage Leads to Pakistan Losing 20% of Vital Textile Exports
Pakistan’s natural gas shortage is hurting its most important export industry, putting even more stress on an economy already struggling with accelerating inflation and a weakening currency. About $250 million Continue Reading
Chinese authorities pledge to resolve food shortages in locked-down Xi’an
Chinese officials have pledged to alleviate food shortages in Xi’an for residents locked in their homes as the country battles its worst Covid-19 outbreak since the coronavirus pandemic started in Continue Reading
Fast-spreading Omicron to test Beijing Winter Games bubble
China’s meticulous plans to prevent an Olympics-seeded COVID-19 outbreak by sealing all participants inside a “closed-loop” for the upcoming Winter Games will be tested by the emergence of the highly Continue Reading
Germany Heads Toward New Pandemic Measures as Omicron Threatens
Germany is contemplating further measures to contain Covid-19 as the omicron variant threatens to become the dominant strain in the country by mid-January. When Chancellor Olaf Scholz meets with state Continue Reading
China Sees ‘Unprecedented’ Difficulty in Stabilizing 2022 Trade
China faces “unprecedented” difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year won’t be sustainable, according to a commerce ministry official. Export gains may Continue Reading
China Is Running Out of Water and That’s Scary for Asia
Nature and geopolitics can interact in nasty ways. The historian Geoffrey Parker has argued that changing weather patterns drove war, revolution and upheaval during a long global crisis in the Continue Reading
Beijing Fell Short on Trade Deal Promises, Creating Dilemma for Biden
Beijing’s commitment to step up purchases of U.S. goods and services under a 2020 trade pact expires Friday with China expected to miss its targets by a wide margin, creating Continue Reading
China Mandates State Companies To Reduce Energy Consumption
Chinese authorities have asked that state companies reduce their energy consumption and carbon dioxide emissions by 2025 compared to 2020 levels as part of China’s plan to have its CO2 Continue Reading
India, China amass troops, roll out construction projects along contested border
The construction crew peered into two inky shafts bored into a rocky cliff face, bracing against the bitter cold and the impending blast. Harpal Singh gave the go-ahead. The mountain Continue Reading
India Takes New Steps to Kick Old Habits of Burning Farm Waste
Sanju is on a mission. For weeks, she has traveled from village to village, urging farmers in India to stop burning stubble from harvested rice crops near New Delhi, the Continue Reading
Heavy Snow Snarls Travel in Japan During Year-End Holidays
A massive winter storm was expected to dump nearly a meter of snow on some parts of Japan, snarling transport during a peak travel period over the New Year holiday Continue Reading
China Mandates State Companies To Reduce Energy Consumption
Chinese authorities have asked that state companies reduce their energy consumption and carbon dioxide emissions by 2025 compared to 2020 levels as part of China’s plan to have its CO2 Continue Reading
WHO chief worried about ‘tsunami’ of omicron, delta cases
The head of the World Health Organization said Wednesday that he’s worried about the omicron and delta variants of COVID-19 producing a “tsunami” of cases between them, but he’s still Continue Reading
Oil prices slip as China cuts import quotas
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand Continue Reading
Peak Carbon in China Could Come Two Years Earlier Than Planned
Carbon emissions in China could peak two years earlier than planned as the economy slows and Beijing prioritizes renewable energy, according to a leading government think tank. China has pledged Continue Reading
Locked down in China’s Xi’an amid covid outbreak, residents subsist on deliveries of vegetables
In the central Chinese city of Xi’an, 13 million people are dealing with one of the world’s strictest coronavirus lockdowns. Residents have been ordered to stay in their homes since Monday, with Continue Reading
China issues first batch of oil product import quotas at 12.65 mil mt for 2022
China’s Ministry of Commerce has issued 12.65 million mt of oil product import quotas in the first batch for 2022, sources with knowledge about the matter said on Dec. 30. Continue Reading
U.S. coronavirus cases hit new high, hospitalizations creep up
The average number of daily confirmed coronavirus cases in the United States hit a record high of 258,312 over the past seven days, a Reuters tally showed on Wednesday, as Continue Reading
Omicron, U.S. Case Records and Covid-19: Live News Updates
With a caseload nearly twice that of the worst single days of last winter, the United States shattered its record for new daily coronavirus cases, a milestone that may still Continue Reading
Omicron Yet to Curb Driving Across Most of Asia
Omicron has yet to dampen road traffic across most of Asia. The rapid spread of omicron has yet to dampen road traffic across most of Asia even as it leads Continue Reading
China Panic-Hoards Half Of World’s Grain Supply Amid Threats Of Collapse
About two and a half years ago, we told readers China was panic hoarding food , which was several months before the virus pandemic began to spread worldwide; Beijing has Continue Reading
Omicron Variant Is Expected to Dent Global Economy in Early 2022
A winter surge in Covid-19 cases driven by the Omicron variant is prompting economists to downgrade U.S. and global growth expectations in the early part of 2022 as businesses struggle Continue Reading
India’s 10-month high in crude imports signals robust demand outlook
Highlights India’s November crude imports up 7.5% on month India, China to drive growth in 2022: Platts Analytics Refiners expect crude prices to remain firm in 2022 India’s crude imports Continue Reading
India May Face Intense But Short Outbreak as Omicron Spreads
India may see a spurt in Covid-19 growth rate within days and head into an intense but short-lived virus wave as the highly-infectious omicron variant moves through the crowded nation Continue Reading
China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested. This is a revision Continue Reading
China fires up giant coal power plant in face of calls for cuts
China, under fire for approving new coal power stations as other countries try to curb greenhouse gases, has completed the first 1,000-megawatt unit of the Shanghaimiao plant, the biggest of Continue Reading
Record Snowfall in Western Japan Snarls Train and Air Travel
A powerful storm rammed western Japan with record snowfall, disrupting flights, train travel and leaving hundreds without power. Snowfall surpassed 70 centimeters (28 inches) in the cities of Hikone and Continue Reading
France to Send Workers Home Three Days a Week as Covid Cases Surge
Coronavirus Cases Surge Across the Globe France will force its citizens to work from home for most of next month to contain the spread of the highly transmissible omicron variant. Continue Reading
Health experts say Italy faces paralysis under quarantine rules
Health experts urged the Italian government on Monday to relax COVID-19 quarantine rules, saying that the country otherwise risked paralysis as the highly infectious Omicron variant spreads. Under current rules, Continue Reading
Coronavirus live updates and omicron variant news
Coronavirus cases are being reported at record levels across the world — surpassing even last winter’s devastating peak in some places — as officials grapple with a surge caused by Continue Reading
India’s 10-month high in crude imports signals robust demand outlook
Highlights India’s November crude imports up 7.5% on month India, China to drive growth in 2022: Platts Analytics Refiners expect crude prices to remain firm in 2022 India’s crude imports Continue Reading
Southeast Asia’s Oil And Gas Output May Never Recover To Pre-COVID Levels
The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production Daily average hydrocarbon production tumbled to 4.86 million boepd in 2021 Operators Continue Reading
China to roll out fiscal policies proactively to stabilise growth next year
People cross a bridge at Pudong financial district in Shanghai August 11, 2014. China’s fiscal expenditure grew 9.6 percent in July from a year earlier to 1.03 trillion yuan (99.7 Continue Reading
China tightens lockdown measures in Xi’an as Covid cases rise
The city at the center of China’s worst Covid-19 outbreak in almost two years has tightened lockdown measures and launched another round of mandatory testing for its 13m residents in Continue Reading
China sets fuel oil import limit at 16.2 million mt for 2022, unchanged from 2021
China has set fuel oil import limit at 16.2 million mt for 2022, unchanged from 2021, according to a policy release by the Ministry of Commerce dated Dec. 23. Receive Continue Reading
US chief medical adviser Fauci warns Covid cases ‘will go much higher’
President Joe Biden’s chief medical adviser warned on Sunday that the number of Americans infected with Covid-19 was likely to “go much higher” before easing off in the new year. Continue Reading
Covid Live Updates: Omicron News, Vaccines and More
Thousands of would-be travelers received last-minute cancellations of their Christmas flights on Friday and Saturday because of the recent spike of Omicron cases, including among airline workers. The number of Continue Reading
Omicron Starts to Slow U.S. Economy as Consumer Spending Flags – WSJ
Signs are mounting that the U.S. economy is losing some steam as the Omicron variant of the Covid-19 virus spreads rapidly through parts of the country. The number of diners seated at Continue Reading