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The Latest Breaking News from Shanghai

Here's How Much Tesla's Giga Shanghai Shutdown Will Impact The EV Maker

Tesla Inc.

Benzinga

Shanghai reports more Covid deaths as officials push work resumption

Shanghai (AFP) - China reported seven more Covid-19 deaths in Shanghai on Tuesday, as major firms such as Tesla forged ahead to resume production after a damaging weeks-long lockdown.

AFP

Tesla Restarts Production At Giga Shanghai, Workers Sleeping At Factory

Tesla will provide each worker with a mattress and sleeping bag. Shower areas, meals, and entertainment will also be provided as workers stay at the factory.

InsideEVs

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Fear, paranoia, anger – this is life under China’s zero-Covid strategy

The threat of Omicron in no way justifies this draconian response, says a British writer living near Shanghai

The Guardian - UK

Locked down Shanghai reports seven more Covid deaths amid growing concern

The outbreak is being driven by the highly transmissible Omicron variant and has resulted in the city's 25 million residents being confined to their homes since late-March

Irish Mirror

Shanghai prepares to ease Covid lockdown as factories reopen

Authorities in city of 25 million people hope to limit transmissions to quarantine facilities by Wednesday

The Guardian - AU

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.5%

Caixin Global

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Oil Rises as Libya Outage Adds to Supply Woes

Oil prices rose on Tuesday as investors fretted over tight global supply after Libya was forced to halt some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. Brent crude futures rose 61 cents, or 0.5%, to $113.77 a barrel at 0349…

Asharq Al-Awsat

Shanghai urges cooperation with COVID tests amid rising scepticism

The Chinese city of Shanghai on Tuesday pleaded for public cooperation with a massive new push to test most of the population for COVID-19 as it tries to bring community transmission down to zero after nearly three weeks of lockdown.

Reuters

Locked down Shanghai reports seven more COVID-19 deaths

Latest victims were aged between 60 and 101 and had not been vaccinated, according to officials.

Al Jazeera

Shanghai Reports 7 More Covid Deaths Since Start of Lockdown

China reported seven more deaths from Covid-19 in Shanghai on Tuesday, after hundreds of thousands of cases in the metropolis during a weeks-long lockdown. City authorities revealed the first deaths of this outbreak on Monday, with Tuesday's fatalities bringing the official toll to just 10, even as the virus continues…

Asharq Al-Awsat

Shanghai reports seven more Covid deaths since start of lockdown

Shanghai (AFP) - China reported seven more deaths from Covid-19 in Shanghai on Tuesday, after hundreds of thousands of cases in the metropolis during a weeks-long lockdown.

AFP

Shanghai reports more deaths as Covid-19 toll rises

Shanghai (AFP) - China reported seven new deaths from Covid-19 in Shanghai on Tuesday, raising the official toll after hundreds of thousands of cases in the metropolis during a weeks-long lockdown.

AFP

Analysis-China's Xi sticks with COVID stance despite anger, economic headwinds

For many leaders, mounting public anger and a rapidly worsening economic outlook would be cause for worry and a policy rethink.

Reuters

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The Guardian - UK

My life in Shanghai’s never-ending zero-Covid lockdown

A resident in the Chinese megalopolis describes the desperation – and the humanity – of three weeks in strict quarantine

Investors Business Daily

Tesla Stock Jumps As Earnings Crush Views; Regulatory Credits Swell

Tesla beat earnings views Wednesday, while the EV giant slowly reopens its Shanghai factory. Tesla stock jumped.

Caixin Global

Top Automaker SAIC Moves to Resume Production in Shanghai

Preparations after three weeks of Covid lockdowns focus on ensuring personnel and supply chains with virus-control measures

AFP

Asian markets slide on growth fears, US stocks end volatile day lower

New York (AFP) - Asian stocks closed lower on Monday as Chinese officials offered a cautious outlook despite better-than-expected growth data, while US stocks edged lower amid worries over higher interest rates.

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The Independent UK

China’s economy shows signs of slowdown amid strict Covid lockdowns

Shanghai effectively sealed off for weeks as China attempts to contain latest outbreak

Daily Mirror

Bin bags full of cats seen in Shanghai as police 'killing pets whose owners have Covid'

WARNING DISTRESSING CONTENT. Officials in Shanghai, China, have been rounding up and killing pets belonging to residents who test positive for Covid, as other people are kept in 'quarantine camps' where lights remain on 24/7

Benzinga

Tesla Shanghai Workers Forced To Live 24/7 At Reopened Factory: Report

Employees at Tesla Inc.’s (NASDAQ: TSLA) reopened Shanghai factory will be forced to live at the worksite under strict health protocols as the Shang

Benzinga

Mizuho Slashes Qualcomm Price Target - Read Why

Mizuho analyst Vijay Rakesh lowered the price target on Qualcomm Inc (NASDAQ:QCOM) to $185 from $210 (35.1% upside) and kept a Buy rating. The first half of 2022 brings "multiple headwinds" to China handset manufacturers from weaker 5G demand, extended COVID lockdowns, and a more competitive Apple Inc (NASDAQ:AAPL) iPhone. The headwinds are driving potentially increased radio…

The Independent UK

Inside Shanghai quarantine centres with 24-hour lights and no hot showers

Thousands in Shanghai who test positive for Covid but have few or no symptoms are being ordered into quarantine centres

The Street

Stocks Lower, Week Ahead, Elon Musk, Twitter, Tesla And Infowars - Five Things You Must Know

Stock futures slip as risk appetite wanes, Treasury yields rise; Week Ahead: earnings and housing data in focus; Twitter drama continues as Musk hints at tender offer, board mulls $43 billion takeover; Tesla shares edge higher amid reports of Shanghai factory re-start and Alex Jones' Infowars files for Chapter 11…

Los Angeles Times

Doyle McManus: The cost of China's harsh 'zero COVID' policy? Human suffering and economic damage

The stories from Shanghai, a city of 25 million entering its fourth week of COVID-19 lockdown, have been harrowing.

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