Page 4 - Latest Updates on Lockdown
Shanghai edges towards Covid reopening as Beijing plans to ease curbs
Shanghai officials urged continued vigilance, even though the vast majority of its 25 million residents live in areas that are in the lowest-risk 'prevention' category
 "Shanghai edges towards Covid reopening as Beijing plans to ease curbs")
Alibaba beats revenue estimates on demand for niche China shopping services
The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties
 "Alibaba beats revenue estimates on demand for niche China shopping services")
UK PM Johnson faces fresh allegations as new 'partygate' photos emerge
The pictures, released by ITV News channel, reportedly show Johnson at a farewell drinks party on November 13, 2020, for which at least one person is believed to have been fined by Scotland Yard
 "UK PM Johnson faces fresh allegations as new 'partygate' photos emerge")
Smartphone demand drops 'like a rock', 200 million less handsets this year
The SMIC predicted a gloomy outlook for consumer electronics demand, saying it sees no sign of a recovery anytime soon
 "Smartphone demand drops 'like a rock', 200 million less handsets this year")
China reports 253 new Covid-19 cases in 24 hours, with 194 in Shanghai
Shanghai also reported 1,487 locally-transmitted asymptomatic infections of the novel coronavirus on Friday, out of a total of 1,726 local asymptomatic carriers newly identified on the mainland
 "China reports 253 new Covid-19 cases in 24 hours, with 194 in Shanghai")
North Korea confirms 21 new deaths, 174,440 more show Covid symptoms
The country imposed nationwide lockdowns on Thursday after confirming its first Covid-19 cases since the start of the pandemic
 "North Korea confirms 21 new deaths, 174,440 more show Covid symptoms")
From sneakers to Teslas, China lockdowns upend global supply chains
While "supply-chain disruption" is emerging once more as the most repeated phrase of corporate earnings season, the impact goes beyond multinationals' profits
 "From sneakers to Teslas, China lockdowns upend global supply chains")
China records 312 new local Covid-19 infections with 227 cases in Shanghai
Shanghai also reported 1,869 locally transmitted asymptomatic infections, out of a total of 2,140 such cases newly identified on the mainland
 "China records 312 new local Covid-19 infections with 227 cases in Shanghai")
Companies marred by payment delays suggest China's slow economic recovery
Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
 "Companies marred by payment delays suggest China's slow economic recovery")
China logs 349 new local Covid cases with 234 in Shanghai; infections surge
According to reports, Shanghai residents have also been falling sick after consuming some of the food supplies because of the distribution of stale food by the authorities amid city's Covid lockdown
Oil prices, equities tumbles about 6% as China Covid lockdowns weigh
Global financial markets have been spooked by concerns over interest hikes and recession worries as tighter and wider Covid lockdowns in China led to slower export growth in the country in April
 "Oil prices, equities tumbles about 6% as China Covid lockdowns weigh")
Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown
The dollar's gains were set against sliding stockmarkets and sent it ahead against other havens, commodity currencies and emerging market currencies alike
 "Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown")
Augment state capacity
Actual death toll of pandemic will always be contested
 "Augment state capacity")
Beijing begins new round of Covid tests as Shanghai postpones crucial exams
China's capital, Beijing has shut down more bus routes and metro stations as it seeks to avert the fate of Shanghai, where millions of residents have been locked down for more than a month
Numbered in the millions
It is perfectly fair to dispute the exact methodology used by the WHO's research team
 "Numbered in the millions")
Counting the true death toll
When somebody dies, there may or may not be a medical death certificate
 "Counting the true death toll")
Oil slips on China demand concerns while EU weighs Russia oil ban
Both benchmark contracts rose more than 40 cents on Monday and extended those gains modestly in early trade on Tuesday
 "Oil slips on China demand concerns while EU weighs Russia oil ban")
Consumer sentiments rise slowly
Wounds of pandemic-induced lockdowns on households are healing
 "Consumer sentiments rise slowly")
Apple faces up to $8 billion revenue hit due to Covid-19 lockdowns in China
As Shanghai entered the second month of lockdown and more cities in China face pandemic restrictions, demand for Apple products in the country might slow further, reports Nikkei Asia
 "Apple faces up to $8 billion revenue hit due to Covid-19 lockdowns in China")
Fears of global slowdown hit global equities, EU stocks, commodity prices
Asian markets had suffered their worst day in over a month overnight on fears that Beijing was about to go back into a Covid-19 lockdown
 "Fears of global slowdown hit global equities, EU stocks, commodity prices")
