The Latest Breaking News from Shanghai

Toyota cuts production to 800,000 vehicles

TOKYO: Japan's Toyota Motor Corp on Friday cut its global production plan for June for the second time this week, reducing its planned output by about 50,000 vehicles to 800,000, citing the Covid-19 lockdown in Shanghai.

Bangkok Post · May 27, 2022

No work and nowhere to live: a rural migrant's ordeal in locked-down Shanghai

When Shanghai began its draconian COVID-19 lockdown two months ago, the French restaurant where Sun Wu waited tables closed and the 22-year-old, like countless other rural migrants, lost his job.

Reuters · May 27, 2022

Shanghai takes baby steps towards ending COVID lockdown

Shanghai took more gradual steps on Friday towards lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China soldiered on with its uneven exit from restrictions.

Reuters · May 27, 2022

New Photos Show Shanghai Disneyland's Derelict State After 2 Months Of Closure

New photographs have emerged online that show parts of the Walt Disney Co.’s (NYSE: DIS) theme park in Shanghai turning in a weed-choked mess since being shuttered two months ago at the start of a pandemic lockdown.

Benzinga · May 25, 2022

What Does The Recent String Of Tesla Price Target Cuts Suggest?

As Tesla, Inc. (NASDAQ: TSLA) stock tumbled to a 10-month low, bullish sell-side analysts who had rallied behind the company and saw it as one waiting to explode began to backtrack.

Benzinga · May 25, 2022

Apple’s iPhone Development Schedule Delayed by China Lockdowns, Says Nikkei

Apple Inc has told its suppliers to speed up iPhone development after China's strict COVID-19 lockdowns hampered schedule for at least one of the new phones, Nikkei reported on Wednesday, citing multiple sources with knowledge of the matter. Lockdowns due to China's zero-COVID policy led iPhone assembler Pegatron Corp to…

Asharq Al-Awsat · May 25, 2022

Shanghai: world's biggest port is returning to normal, but supply chains will get worse before they get better

Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been cancelled, postponed or rerouted to…

The Conversation · May 24, 2022

This Auto Giant Cuts Production Plans Citing Parts Shortage - Read More For Details

Toyota Motor Corp (NYSE:TM) plans to cut global production by about tens of thousands of units to roughly 850,000 vehicles in June due to the semiconductor shortage. The auto major expects to produce 9.7 million units for the full period of the fiscal year 2023. The average global production plan from June through…

Benzinga · May 24, 2022

Brit couple face being forced to leave China without baby girl in passport fiasco

Callum and his wife Neelam, who are both teachers, are currently living in Shanghai where they welcomed their baby daughter Isabelle in February.

Daily Record · May 24, 2022

Shanghai Composite Index Fell 2.41% on Tuesday

Shenzhen Component Index closed down 3.34%

Caixin Global · May 24, 2022