lockdown - Page 9

BERLIN – Adidas’ Chief Executive Kasper Rorsted said nothing had changed on the German sportswear company’s 2025 goals, after first-quarter results were dogged by lockdowns in Greater China. Rorsted said that a…

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% worldwide, to…

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 hampered production.…

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 Russian crude.…

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 the second…

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 manufacturing Purchasing…

(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 in Shanghai…

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 and raising…

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 lockdowns in…

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 demand from…

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 markets, forcing…

(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 “much too…

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 three-week COVID…

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 and risks…