china covid

China's axing of its stringent anti-virus controls last month has unleashed COVID on a 1.4 billion population that has little natural immunity having been shielded from the virus since it emerged in its Wuhan city three years ago. Funeral homes have reported a spike in demand for their services and international health experts predict at least one million deaths in China this year. But officially, China has reported a small number of COVID deaths…

The day has started flat for cryptocurrencies as Bitcoin was higher. The day has started flat for cryptocurrencies as Bitcoin was 0.12% higher at $16,560 and Ether was up 0.3% at $1,193.40. However, crypto investors should know that both Bitcoin and Ether are on track for a decline of over 60% in 2022. Meanwhile, the US dollar shaved off some gains on Thursday. Treasury yields WERE higher overnight, though investors remained on edge going into the year end as initial optimism over China's reopening fizzled, Reuters…

Companies such as Tata Motors, MG Motor India and Mahindra & Mahindra are set to launch a number of electric passenger vehicles in FY24. This, combined with sky-high fuel prices and improvements in India’s charging infrastructure, is expected to boost the demand for passenger EVs next year and push sales above 100,000 for the first time.Credit: GiphyAlso in this letter:■ India handset shipments may be hurt if China’s Covid surge persists■ Two SBF associates plead guilty to fraud as FTX founder is extradited■ No more…

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At a time, the Xi Jinping government in China is relaxing its stringent…

Image Source : APPLE iPhone 14 Pro Apple shares reportedly sank yesterday (28 November 2022). The news was revealed after a few reports stated that the production of the iPhone Pro might fall short by around 6 million units this holiday season. Bloomberg has reported the ruckus at Zhengzhou (China) which is a key manufacturing hub for Apple, which is expected to lead…

With little warning, China locked down the world’s largest iPhone factory on Wednesday. It’s the last thing Apple Inc. needed. With little warning, China locked down the world's largest iPhone factory on Wednesday, declaring the zone around the Zhengzhou Foxconn Technology Group complex off-limits to combat a local Covid-19 outbreak. It's the last thing Apple Inc. needed. The abrupt move is expected to further disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus…

Chinese electric-car maker Nio Inc. has fallen behind on both producing and delivering thousands of vehicles over the past month. Chinese electric-car maker Nio Inc. has fallen behind on both producing and delivering thousands of vehicles over the past month as Covid restrictions disrupted output at its two factories, according to people familiar with the matter. Production at the plants in Hefei, Anhui province, have also been impacted by delays in the supply of some components, the people said, asking not to be…

Zhengzhou reported 167 locally transmitted COVID-19 cases in the seven days to Oct. 29, up from 97 infections in the prior 7-day period. Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn in COVID-hit Zhengzhou city, fearing the returnees may trigger coronavirus outbreaks. Zhengzhou, capital of Henan province, reported 167 locally transmitted COVID-19 cases in the seven days to Oct. 29, up from 97 infections in the…