Chinese cities are easing COVID sidewalks as the virus continues to spread

BEIJING, Dec. 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing testing requirements and quarantine rules in anticipation of an expected shift in virus policies across the country following widespread social unrest. However, the uneven easing of COVID restrictions is fueling fears among some residents who suddenly feel more … Read more

World Bank chief says poorest countries owe $62 billion in bilateral debt

WASHINGTON, Dec. 1 (Reuters) – The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, a 35% increase over the past year, World Bank president David Malpass said on Thursday . increase the risk of payment defaults. Malpass told the Reuters NEXT conference in New York that two-thirds of … Read more

China is set to ease COVID sidewalks after a week of historic protests

China allows home quarantine, stops mass testing – sources Top official says virus weakening serious Shift comes after series of demonstrations Largest demonstration of public resistance in a decade BEIJING, Dec. 1 (Reuters) – China will announce a relaxation of its COVID-19 quarantine protocols and a reduction in mass testing in the coming days, sources … Read more

UPDATE1 ECB says Bitcoin is artificially backed and should not be legitimized

FRANKFURT, Nov 30 (Reuters) – Bitcoin is artificially backed and should not be legitimized by regulators or financial firms because it is more like gambling, the European Central Bank said on Wednesday. Bitcoin and other cryptocurrencies have been presented in various ways as an alternative form of money and a shield against the inflationary policies … Read more

COVID protests escalate in Guangzhou as lockdown fury boils in China

SHANGHAI/BEIJING, Nov 30 (Reuters) – People in Guangzhou’s Chinese manufacturing center clashed with riot police in white safety gear on Tuesday evening, videos posted on social media showed, as frustration over strict COVID-19 rules escalated three years after the pandemic. The clashes in the southern city marked an escalation of protests in the commercial hub … Read more

Chinese astronauts board space station in historic mission

Shenzhou-15 marks the last of 11 missions since April 2021 in space station construction Shenzhou-15 crew takes over for Shenzhou-14 astronauts on the space station Chinese space station will become second permanently inhabited outpost after NASA-led ISS BEIJING, Nov. 30 (Reuters) – Three Chinese astronauts arrived at the Chinese space station on Wednesday for the … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

Protesters and police clash over Adani harbor in Kerala, India; more than 80 injured

Billionaire Adani mega seaport project hit by protests Police clash with protesters late on Sunday as tensions rise Dispute over harbor construction causing coastal erosion Adani says it has all the necessary approvals for port development KOCHI, India Nov. 28 (Reuters) – More than 80 people were injured in India as villagers protesting the halt … Read more

China tightens security after rare COVID curb protests

Shanghai, Beijing police make presence visible on streets No sign of new protests in Beijing, Shanghai on Monday Backlash is a setback to efforts to eradicate the virus News of the protests has shaken global markets SHANGHAI/BEIJING, Nov 28 (Reuters) – Police patrolled the scenes of weekend protests in Shanghai and Beijing on Monday after … Read more

China’s industrial profits continue to fall as COVID woes take its toll on the economy

Jan-Oct industrial profit -3.0% yr/yr versus -2.3% in Jan-Sept Risks of domestic COVID outbreaks and global recession highlighted BEIJING, Nov 27 (Reuters) – Chinese industrial companies saw aggregate profits fall further in the January-October period as COVID-19 outbreaks flared and cities imposed new virus restrictions, including targeted lockdowns, dampening economic activity. Industrial profits fell 3.0% … Read more