(Reuters) -Starbucks Corp’s sales growth missed Wall Street targets on Tuesday as China’s tough COVID-19 curbs dented sales in the country and muddied strong U.S. performance. Comparable sales in …
Monthly Archives For May 2022
China’s independent refiners start buying Russian oil at steep discounts
Many western companies are self-sanctioning or struggling to secure the insurance, shipping or financing needed to buy Russia’s commodity exports, raising expectations that energy-hungry China will …
Oil drops as China lockdowns overshadow Russian output risk
Oil fell as lockdowns across China countered looming European Union measures to limit … For now, the most extreme pocket of tightness in the oil market is in diesel. Record fuel exports from the U.S…
DiDI Global probed by SEC over U.S. IPO
China ride-sharing giant DiDi Global Inc. (NYSE:DIDI) disclosed that the U.S. Securities and Exchange Commission is investigating its IPO last summer. DIDI shares fell 2.5% in after hours trading.
Shanghai reeling: inside China’s corona flare-up, and what India can learn from the situation there
The outbreak in China over the last three months, especially in Shanghai, has baffled virologists. A country that had apparently curbed the spread of the infection in the early stages of the pandemic …
Microsoft Flight Simulator PMDG Boeing 737 Incheon & Mumbai Airports Get Video & Screenshots; Shenzhen Teased & Bydgoszcz Released
While the city was not named, it’s obvious that it’s Shenzhen. At the moment, we know that the add-on will come in May, but we don’t know whether it’ll include the city’s super-busy Bao …
China is Accepting a Digital Currency to Pay Taxes. What Does This Mean for Crypto?
Will e-CNY spark a worldwide crypto shake-up, or will this experiment fizzle out? China’s new digital currency could be the first of many government-backed cryptocurrencies. As Chinese citizens begin …
Beijing tightens Covid curbs in bid to stop cases spiralling
A courier makes a delivery over a barricade sealing off a residential area under lockdown, amid the Covid-19 outbreak in Beijing, China, yesterday. Some of Shanghai’s 25mn people yesterday managed to …
Biden Officials Divided Over Easing China Tariffs to Slow Inflation
WASHINGTON—The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed …
Estée Lauder cuts forecast amid China supply chain and sales disruptions
APAC revenues fell 4 per cent. China’s Covid-19 surge has been a concern for major brands and investors since parts of the country, including Shanghai, went into lockdown in March. “There is no doubt …
Corona wave, war brought down global air cargo demand: IATA
This was the lowest since July 2020. Global goods trade has continued to decline in 2022, with China’s economy growing more slowly because of Covid-19 related lockdowns (among other factors); and …
One jarring chart shows how China’s latest COVID lockdown could threaten the US economic recovery
China’s recent COVID lockdown has led to a slowdown in manufacturing-industry growth. That’s a bad omen for US manufacturing, which is closely linked to China’s on a lagging basis. Still, the US is …
Sony loses millions after rejecting China’s demand to remove Statue of Liberty from new ‘Spider-Man’ film
“Spider-Man: No Way Home” was not released in China after Sony rejected a request to delete scenes that include the Statue of Liberty, a new report claims. In China, films are reviewed by the China…
