The reaction to China’s easing of coronavirus restrictions marked a major policy shift

(Reuters) – China on Wednesday announced the most sweeping changes to its strict anti-coronavirus policy since the outbreak began three years ago, relaxing rules that limited the spread of the virus but crippled the world’s second-largest economy and sparked protests. . The relaxation of the rules, which include allowing people with mild or no symptoms … Read more

Analysis: The G7 Russian oil price cap has evolved from revenue pressure into a market fulcrum

WASHINGTON (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they vowed to squeeze revenue for Russia’s war machine, while avoiding a devastating oil price hike. But people familiar with the mechanism’s development and energy analysts said keeping Russian oil … Read more

Sources said that the Chinese president will visit Saudi Arabia amid strained relations with the United States

CNN – Chinese President Xi Jinping is due to arrive Kingdom Saudi Arabia Thursday on a two-day state visit amid high tensions between the United States and the two countries, according to a source familiar with the trip, an Arab diplomatic source, and two senior Arab officials. Xi’s trip to Riyadh includes a Arab China … Read more

China prepares for new COVID rules as investors cheer the easing shift

New rules on the novel coronavirus across the country due Wednesday – sources The shift comes after large-scale demonstrations last month Yuan companies, global markets rise on China’s hopes HONG KONG/BEIJING (Reuters) – China is preparing to announce a further easing of some of the world’s toughest coronavirus restrictions early on Wednesday, sources told Reuters, … Read more

Foxconn expects COVID-hit China factory to return to full capacity in late December and early January – Source

TAIPEI, Dec. 5 (Reuters) – Apple supplier Foxconn (2317.TW) It expects the COVID-hit Zhengzhou factory in China to resume full production in late December to early January, a Foxconn source said Monday, after labor unrest last month that disrupted the world’s largest iPhone factory. The world’s largest electronics maker said later Monday that revenue in … Read more

Relief and anxiety as major Chinese cities ease COVID restrictions

The easing comes after a week of historic protests The restrictions have hit the world’s second largest economy Nationwide mitigation measures expected soon – sources BEIJING, Dec. 2 (Reuters) – (This story has been corrected to change the easing start date to Friday from Saturday in paragraph 16) A further relaxation of COVID-19 testing requirements … Read more

China is preparing to ease coronavirus restrictions after a week of historic protests

Sources: China allows home quarantine, cuts mass testing A senior official says the severity of the virus is weakening The shift comes after a series of demonstrations The biggest public challenge show in a decade BEIJING (Reuters) – China is set to announce in the coming days an easing of its COVID-19 quarantine protocols and … Read more

Coronavirus protests escalated in Guangzhou as China’s lockdown anger boiled over

Riot police in hazmat suits crash into protesters The number of protests is estimated at 27-43 in 22 cities across China The largest wave of civil disobedience since 1989’s Tiananmen Covid lockdowns and protests hit China’s economy SHANGHAI/BEIJING (Reuters) – People in Guangzhou, China’s manufacturing hub, clashed with white riot police wearing hazmat protective gear … Read more

Analysis: Apple’s supply chain data shows exposure to China declining as risks mount

SHANGHAI, Nov. 30 (Reuters) – Apple Inc (AAPL.O) The company’s supply chain data showed that widespread exposure to Chinese manufacturing, notable for its lower costs and increased risks, has ebbed since the COVID-19 pandemic began. With the largest iPhone factory in the world, it is operated in central China by Foxconn (2317.TW)In the face of … Read more

China markets fall as protests over Covid lockdowns break out

Hong Kong CNN Business – China Major stock indices and their currencies traded sharply lower on Monday, as well widespread protests Against the country’s strict Covid-19 restrictions over the weekend, it rattled investor sentiment. Hang Seng in Hong Kong (HSI) index It fell as much as 4.2% in early trade. It has since pared some … Read more