BERLIN -Adidas lowered expectations for 2022 after a first-quarter slump as renewed COVID-19-related lockdowns in Greater China continue to hit the German sportswear company. First-quarter currency-adjusted sales shrank by 3% …
"Lockdown"
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STOCKHOLM – Volvo Car Group’s monthly sales fell 24.8% in April from a year ago, the Sweden-based automaker said on Wednesday, as lockdowns in China and global supply chain problems …
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By Nia Williams (Reuters) -Oil prices fell by more than 2% on Tuesday as demand worries stemming from China’s prolonged COVID-19 lockdowns outweighed the prospect of a European embargo on …
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By Tom Polansek and Sybille de La Hamaide CHICAGO/PARIS – Organic and free-range chickens have been thrown into lockdown. Egg-laying hens that normally have access to the outdoors can no …
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By Dominique Patton BEIJING – The protracted lockdown in Shanghai, China’s financial hub, is slowing the nation’s normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across the …
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BEIJING -China’s factory activity contracted at a steeper pace in April as widespread COVID-19 lockdowns halted industrial production and disrupted supply chains, raising fears of a sharp economic slowdown in …
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BEIJING – China’s factory activity contracted at a steeper pace in April, as widespread COVID-19 lockdowns curbed production and disrupted supply chains, an official survey showed on Saturday. The official …
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SHANGHAI – Companies reopening factories in locked-down Shanghai are booking hotel rooms to house workers and turning vacant workshops into on-site isolation facilities as authorities urge them to resume work …
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By Sophie Yu and Brenda Goh BEIJING – For the Fengxi Inn guest house, China’s annual May Day holiday is usually a sell-out period, with guests booking out its rooms …
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(This story corrects the number of jobs Goldman is looking to add in the 8th paragraph) By Julie Zhu, Xie Yu and Selena Li HONG KONG – Finance sector professionals …
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By Joyce Lee and Victoria Waldersee (Reuters) -Industrial firms including GE, chipmakers such SK Hynix and automaker Mercedes Benz warned that China’s strict COVID-19 curbs were intensifying supply chain disruptions …
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By Eduardo Baptista and Brenda Goh BEIJING/SHANGHAI – Three-quarters of Beijing’s 22 million people lined up for COVID-19 tests on Tuesday as authorities in the Chinese capital raced to stamp …
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Panic Buying Grips China’s Capital As Residents Fear Another Shanghai-Esque Lockdown Philip Lenczycki on April 26, 2022 Panic buying and hoarding has gripped China’s capital city as fears of a …
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By Scott DiSavino NEW YORK -Oil slumped about 4% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 …
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China Bans Its Own National Anthem As Anger Over Lockdowns Rises Philip Lenczycki on April 25, 2022 China’s censors banned social media posts featuring the communist country’s national anthem after …
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By Brenda Goh and Martin Quin Pollard SHANGHAI -Stiffening resolve after three weeks of strict lockdown, authorities warned Shanghai’s 25 million frazzled residents on Friday that their purgatory would go …
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By Mimosa Spencer PARIS -Disruptions from COVID-19 lockdowns in China cast a cloud on forecast-beating first-quarter sales from Gucci owner Kering on Thursday, even as the group pointed to sustained …
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WASHINGTON – International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that China should use fiscal space to stimulate consumption as it faces an economic slowdown prompted by renewed …
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By Xie Yu and Samuel Shen HONG KONG/SHANGHAI – Prolonged lockdowns in Shanghai, as China doubles down on its zero-COVID policy, have become the predominant risk to its economy and …
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(Reuters) -If lockdowns in China aimed at containing COVID-19 cause further disruptions to global supply chains, the Federal Reserve will need to take even more aggressive action to bring down …
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SHANGHAI – Manufacturers including Tesla began preparing on Monday to reopen their Shanghai plants as China’s most populous city speeds up efforts to get back to normal after a nearly …
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LONDON – Prime Minister Boris Johnson has thrust Britain into a constitutional crisis by breaking the law he set for pandemic restrictions, effectively “shredding the ministerial code”, the country’s leading …
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SHANGHAI -Shanghai has set a target to stop the spread of COVID-19 outside of quarantined areas by Wednesday, two people familiar with the matter said, which would allow the city …
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By Marcela Ayres and Tatiana Bautzer BRASILIA/SAO PAULO – The Brazilian currency’s monster rally may soon run out of gas, analysts and government officials say, as U.S. interest rate hikes …
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Cracks Forming In Xi’s Armor In The Wake Of China’s Disastrous Lockdown Strategy Philip Lenczycki on April 14, 2022 Despite food shortages, protests, riots and even a municipal announcement on …