lockdowns
- Business
Luxury sector impatient for return of Chinese tourists
The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists…
Read More » - Startups
Five Chinese startups that survived a tough year of Covid lockdowns
As China gears up for a reopening from zero-Covid, here’s how five startups said they did in 2022. In a…
Read More » - Business
Oil increases over supply jitters ahead of OPEC+ meeting
Upcoming EU ban on Russian oil is putting additional upward pressure on prices Oil prices rebounded on Tuesday after losing…
Read More » - Business
IMF sees ‘gloomier’ world economic outlook
China’s pandemic lockdowns contribute to slowdown in investments, industrial production, and retail sales, says IMF economist The global economic outlook…
Read More » - Business
Bitcoin Drops Below $20,000 as Risk-On Optimism Fades Again
Cryptocurrencies fell as Powell signals more rate increasesLatest tumble extends Bitcoin’s rout back to to 57% this year Cryptocurrencies extended…
Read More » - Business
China unexpectedly cuts interest rates to support COVID-hit economy
People’s Bank of China cuts medium-term lending rate by 10 basis points to 2.75%Tuba Sahin | 15.08.2022 The People’s Bank…
Read More » - Business
China’s export growth gains steam despite weakening global demand
China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to…
Read More » - Business
Apple’s iPhones held up surprisingly well in China even as the country faced Covid lockdowns
Apple shipped 9.9 million iPhones in China in the second quarter, up 25% year-on-year, market research firm Canalys said in…
Read More » - Markets
Fed set for another big rate hike with economy on knife’s edge
U.S. central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the…
Read More » - Markets
China’s economy records slowest growth since the start of 2020
China’s economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns wreaked havoc…
Read More »