Shanghai economy improves fitfully as end of COVID lockdown nears

Residents chat through gaps in barriers at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 27, 2022. REUTERS / Aly Song Register now for FREE unlimited access to Register Electricity consumption in Shanghai at 83% 2021 levels Some Shanghai parks, bus routes reopening Profits at China’s … Read more

Shanghai heading out of lockdown but China still lost in economic gloom

Shanghai set to lift COVID-19 lockdown on June 1 Government officials express concern about broader economy Analysts expect more aggressive economic support soon BEIJING, May 26 (Reuters) – Pandemic-hit Shanghai, China’s financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return to normalcy, but a country-wide economic recovery is still a … Read more

Shanghai targets June 1 return to normal as COVID lockdowns cool economy

SHANGHAI / BEIJING, May 16 (Reuters) – Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful COVID-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity. In the clearest timetable yet, Deputy Mayor … Read more

Shanghai aims to reopen more businesses shut down by COVID, Beijing battles on

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI / BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks … Read more

Lebanon holds first vote since blast, financial collapse

BEIRUT, May 15 (Reuters) – Lebanese vote on Sunday in the first election since their country’s economic collapse, a test of whether Iran -backed Hezbollah and its allies can preserve their parliamentary majority amid soaring poverty and anger at ruling parties. Following months of uncertainty over whether the election would go ahead, polls will open … Read more