Page 4 - Latest Updates on Lockdown
Lockdown, steel output restrictions hit exports to China, shows data
The exports basket is largely dominated by steel, iron ore, copper, paper products, plastics, organic chemicals, among others
 "Lockdown, steel output restrictions hit exports to China, shows data")
More from British PM's party voice call for him to resign over partygate
The total number of openly critical MPs has risen to 26 since the publication of an inquiry report into Covid lockdown law-breaking parties at Downing Street by top civil servant Sue Gray last week
 "More from British PM's party voice call for him to resign over partygate")
Shanghai city to lift two-month Covid lockdown restrictions on June 1
Shanghai imposed a city-wide lockdown on its 25 mn residents on April 1 to combat the spread of Covid
 "Shanghai city to lift two-month Covid lockdown restrictions on June 1")
Shanghai to cancel several restrictions on companies to aid economy
Businesses will also from June 1 no longer need to apply to resume work, he said, without detailing what other restrictions were being removed
 "Shanghai to cancel several restrictions on companies to aid economy")
Shanghai edges towards Covid reopening as Beijing plans to ease curbs
Shanghai officials urged continued vigilance, even though the vast majority of its 25 million residents live in areas that are in the lowest-risk 'prevention' category
 "Shanghai edges towards Covid reopening as Beijing plans to ease curbs")
Alibaba beats revenue estimates on demand for niche China shopping services
The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties
 "Alibaba beats revenue estimates on demand for niche China shopping services")
UK PM Johnson faces fresh allegations as new 'partygate' photos emerge
The pictures, released by ITV News channel, reportedly show Johnson at a farewell drinks party on November 13, 2020, for which at least one person is believed to have been fined by Scotland Yard
 "UK PM Johnson faces fresh allegations as new 'partygate' photos emerge")
Byju's, Toppr close social distance as demand for online education spikes
Edtech brands offer discounts, add fresh content and engage more frequently with users
 "Byju's, Toppr close social distance as demand for online education spikes")
Lockdown has bumped up our user base 3-fold in past one month: Byju's COO
In a Q&A, Mrinal Mohit talks about the company's initiatives in capitalising on the changes in consumer behavour following the Covid-19 outbreak
 "Lockdown has bumped up our user base 3-fold in past one month: Byju's COO")
Smartphone demand drops 'like a rock', 200 million less handsets this year
The SMIC predicted a gloomy outlook for consumer electronics demand, saying it sees no sign of a recovery anytime soon
 "Smartphone demand drops 'like a rock', 200 million less handsets this year")
China reports 253 new Covid-19 cases in 24 hours, with 194 in Shanghai
Shanghai also reported 1,487 locally-transmitted asymptomatic infections of the novel coronavirus on Friday, out of a total of 1,726 local asymptomatic carriers newly identified on the mainland
 "China reports 253 new Covid-19 cases in 24 hours, with 194 in Shanghai")
North Korea confirms 21 new deaths, 174,440 more show Covid symptoms
The country imposed nationwide lockdowns on Thursday after confirming its first Covid-19 cases since the start of the pandemic
 "North Korea confirms 21 new deaths, 174,440 more show Covid symptoms")
From sneakers to Teslas, China lockdowns upend global supply chains
While "supply-chain disruption" is emerging once more as the most repeated phrase of corporate earnings season, the impact goes beyond multinationals' profits
 "From sneakers to Teslas, China lockdowns upend global supply chains")
China records 312 new local Covid-19 infections with 227 cases in Shanghai
Shanghai also reported 1,869 locally transmitted asymptomatic infections, out of a total of 2,140 such cases newly identified on the mainland
 "China records 312 new local Covid-19 infections with 227 cases in Shanghai")
Companies marred by payment delays suggest China's slow economic recovery
Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
 "Companies marred by payment delays suggest China's slow economic recovery")
China logs 349 new local Covid cases with 234 in Shanghai; infections surge
According to reports, Shanghai residents have also been falling sick after consuming some of the food supplies because of the distribution of stale food by the authorities amid city's Covid lockdown
Oil prices, equities tumbles about 6% as China Covid lockdowns weigh
Global financial markets have been spooked by concerns over interest hikes and recession worries as tighter and wider Covid lockdowns in China led to slower export growth in the country in April
 "Oil prices, equities tumbles about 6% as China Covid lockdowns weigh")
Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown
The dollar's gains were set against sliding stockmarkets and sent it ahead against other havens, commodity currencies and emerging market currencies alike
 "Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown")
Augment state capacity
Actual death toll of pandemic will always be contested
 "Augment state capacity")
Beijing begins new round of Covid tests as Shanghai postpones crucial exams
China's capital, Beijing has shut down more bus routes and metro stations as it seeks to avert the fate of Shanghai, where millions of residents have been locked down for more than a month
