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The Latest Breaking News from China

China's Lockdown Of Tech Hubs To Hamper Amazon, Walmart's Online Delivery: Report

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg reports. China had to initiate lockdowns and restrictions in its crucial manufacturing hubs like Shenzhen and Dongguan following a Covid-19 resurgence. Related Content: China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence The…

Benzinga

Boris Johnson will push Saudi regime to denounce Ukraine invasion

The Prime Minister is set to meet Crown Prince Mohammed bin Salman to discuss oil and gas production.

The Independent UK

China says it's 'impartial' on Ukraine, denies aiding Russia

China says its stance on the conflict in Ukraine is “completely objective" and “impartial” and is repeating its accusations that the U.S. is spreading misinformation with reports that Beijing has responded positively to a Russian request for military supplies

The Independent UK

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The tech industry's dream of one global market is dying

Tensions with China, a global pandemic, and now war in Ukraine are making it harder than ever to "scale."

Axios

Russia fires official who said China refused to supply aircraft parts

Russian aviation authorities have fired an official who said last week that China had refused to supply Russian airlines with aircraft parts in the wake of Western sanctions, the Kommersant newspaper reported on Tuesday, citing sources and the official.

Reuters

EXPLAINER: How plausible is Chinese military aid for Russia?

The U.S. says Russia has asked China to provide military equipment to assist with its war in Ukraine and that China has responded affirmatively

The Independent UK

Chinese markets slump over fears of how Covid-19 lockdowns will hurt economy

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of…

France 24

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Oil Tumbles to 2-Week Low on Ukraine Talks, Fears over China Demand

Oil prices extended losses on Tuesday, sliding to a two-week low as ceasefire talks between Russia and Ukraine eased fears of further supply disruptions and surging COVID-19 cases in China fueled concerns about slower demand. Brent futures dropped $5.95 or 5.6% to $100.95 a barrel by 0747 GMT after tumbling…

Asharq Al-Awsat

The global economic outlook depends on geopolitics

Events in Russia and China make for an unsettled economic moment

Axios

China says it does not want to be impacted by Russia sanctions

Foreign minister says Beijing is ‘not party’ to Russia-Ukraine war as pressure grows on it to withdraw Moscow support.

Al Jazeera

Russia asks China for meal kits for soldiers amid claims of food shortages on frontline - report

Both Kremlin and China have denied earlier claims on such requests

The Independent UK

Chinese virus cases climb, raise threat of trade disruption

Anti-virus controls have forced auto and electronics makers to shut factories in China and are raising risks of wider disruptions if the curbs spread to Chinese ports that are among the world’s busiest

The Independent UK

China Denies US Claim That Russia Asked for Help in Ukraine

China denied on Tuesday claims by US officials that Russia had sought military assistance in Ukraine and accused Washington of spreading "malicious disinformation" that risked escalating the conflict. "The US has repeatedly spread malicious disinformation against China on the Ukraine issue," the Chinese embassy in London told Reuters in a…

Asharq Al-Awsat

In dispatches from Ukraine, one Chinese man attracts love — and hate

TAIPEI, Taiwan — Five days after Russia invaded Ukraine, Wang Jixian sat down in front of his phone camera, fresh-shaven and sporting a small Chinese flag on his shirt, to record his final words.

Los Angeles Times

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Reuters

Shanghai official rules out need for COVID lockdown at the moment

China's financial hub of Shanghai is not under lockdown, and does not need one "at the moment" to minimise the disruption to people's daily lives from the COVID-19 outbreak, state television quoted a city government official as saying.

Reuters

China says G20 is not an appropriate forum to discuss Ukraine issue

The G20 grouping of nations is not an appropriate forum to discuss the Ukraine issue, a spokesperson for China's foreign ministry told a regular news conference in the Chinese capital on Tuesday.

Reuters

China must not support Russia's invasion of Ukraine -UK minister

Britain says China should not support Russia in its invasion of Ukraine, junior foreign office minister James Cleverly said on Tuesday.

The Hindu

Russia's share of arms import to India fell from 69% in 2012-17 to 46% in 2017-21: Report

In contrast, India's arms imports from France increased more than tenfold, making it India's second largest arms supplier in 2017–21, it stated

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The Guardian - UK

Oil tumbles back to $100; UK pay squeeze continues – as it happened

Rolling coverage of the latest economic and financial news

Motor1

2023 Audi Q6 Emerges In China As Company’s Biggest Vehicle Ever

Fancy a fancier VW Atlas? Enter the Q6.

Benzinga

Tesla Hikes Prices In Both US, China For The Second Time Within A Week: All You Need To Know

Tesla Inc (NASDAQ: TSLA) on Monday raised the prices of its electric vehicles in the U.S. and China, the second such hike in a week amid inflationary pressure on raw material and logistics.

Caixin Global

Shanghai Composite Index Fell 4.95% on Tuesday

Shenzhen Component Index closed down 4.36%

Asharq Al-Awsat

Nearly 30 Million Under Lockdown in China as Virus Surges

Nearly 30 million people were under lockdown across China on Tuesday, as surging virus cases returned mass tests and hazmat suited health officials to city streets on a scale not seen since the start of the pandemic. China reported 5,280 new Covid-19 cases on Tuesday, more than double the previous…

Benzinga

Alibaba Not The Only One Betting Big On Potential $50B Chinese Metaverse Market: Here Are Other Likely First Movers

China's metaverse is on track to grow into more than a $50 billion market by 2025 but there’s also an increased prospect of the industry getting ensnared in the country’s regulatory dragnet.

Wales Online

Covid more than doubles in day in China in biggest outbreak since beginning

Fast-spreading Stealth Covid has seen cases break out across the country

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