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The Latest Breaking News from Shanghai

Shanghai warns against 'panic' as Covid cases mount

Shanghai (AFP) - Shanghai authorities on Wednesday called for calm as worried citizens swamped online grocery platforms to stock up on food over fears of impending lockdowns in a city struggling to halt a Covid spike.

AFP

Shanghai denies lockdown rumours as daily COVID infections near 1,000

Authorities in the Chinese city of Shanghai have denied rumours of a city-wide lockdown after a sixth straight increase in daily asymptomatic coronavirus cases pushed its count to record levels despite a campaign of mass testing aimed at stifling the spread.

Reuters

Scots woman ripped out hair of love rival who approached her boyfriend in nightclub

Dee Flynn launched attack on victim, who had previously dated her partner, in the Shanghai venue in Edinburgh's city centre.

Daily Record

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China's Russian traders smell profit as Ukraine sanctions bite

Beijing (AFP) - For Marat, a Russian businessman based in Shanghai, sanctions on his home country have heralded an unexpected opportunity in China as companies struggle to keep their supply chains open.

AFP

Shanghai's local COVID cases hit daily record as Jilin outbreak persists

China's financial hub Shanghai on Tuesday reported a fifth consecutive daily record for locally transmitted COVID-19 asymptomatic cases as the highly infectious Omicron variant complicates efforts to stop the virus spreading.

Reuters

Shanghai Disneyland Resort Temporarily Closes Due To COVID-19 Surge: Could It Hurt The Mouse's Growth Momentum?

An international theme park is closing temporarily due to a surge in COVID-19 cases. Here’s a look at what the move could mean for The Walt Disney Co (NYSE: DIS).

Benzinga

Stocks Edge Lower, Oil Prices Spike, Boeing, Disney And The Week Ahead - Five Things You Must Know

Stock futures edge lower as Russian troops near Kyiv; Week Ahead: Powell speeches in focus as big rate bets return; oil prices leap as EU mulls Russia embargo; Boeing shares slump following 737 crash in China and Disney closes Shanghai theme park as Covid cases surge.

The Street

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Cui Jie: ‘This kind of communal life is long gone, and memories of it are fading away’

In her new exhibition in Southend, the Chinese artist explores abandoned visions of modernist living in 1920s Essex and 1950s Shanghai

The Guardian - UK

Disney closes Shanghai park as virus rises, Shenzhen reopens

Disney Co. has closed its Shanghai theme park as Chinese authorities try to control the city’s biggest coronavirus flareup in two years, while the southern business center of Shenzhen allowed shops and offices to reopen after a weeklong closure

The Independent UK

Shanghai's Disney resort shut amid record daily local COVID infections

China's financial hub of Shanghai reported on Monday a record daily surge in local COVID-19 infections as authorities scrambled to test residents and rein in the Omicron variant, while closing its Disney resort until further notice.

Reuters

Shanghai Disney Resort to close from Monday as China battles COVID outbreak

The Shanghai Disney Resort said on Sunday it will temporarily close until further notice from Monday, citing the coronavirus pandemic in China.

Reuters

China reports two Covid-19 deaths, first in more than a year

Shanghai (AFP) - China reported two Covid-19 deaths on Saturday, its first in more than a year, underlining the threat posed by an Omicron outbreak that has triggered the country's highest case count since the pandemic's onset.

AFP

China reports first two Covid-19 deaths in more than a year

Shanghai (AFP) - China reported its first two Covid-19 deaths in more than a year on Saturday, the National Health Commission said, both coming in the northeastern province of Jilin as the country faces its worst case upsurge since the pandemic's outset.

AFP

'Iron army' of grocery runners feeds Shanghai as Covid hits

Shanghai (AFP) - As many Shanghai residents shelter from Covid at home, a common sight on the megacity's suddenly subdued streets is the racing, swerving scooters of food-delivery riders.

AFP

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The Street

Tesla Clears a Big Obstacle for the Model 3 and Model Y

Tesla had a rough start to the week, but the company is finally getting some good news to end it.

Asharq Al-Awsat

World Shares Mixed after Oil Climbs Back above $100

Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above $100 per barrel. Stocks rose in Tokyo and Shanghai but fell in Paris, Frankfurt and London.

Los Angeles Times

‘It’s a nightmare’: Hong Kong runs low on coffins as omicron exacts deadly toll

SINGAPORE — The repurposed AsiaWorld Expo center in Hong Kong echoes with the moans of elderly COVID-19 patients. Kept in 8-square-foot cubicles, many go weeks without fresh air, sunlight or a bath. Some take their last breaths under the harsh glow of the convention hall lights. On a good day,…

Benzinga

Tesla Giga Shanghai Resumes Production After 48-Hour Halt: Report

Tesla Inc (NASDAQ: TSLA) on Friday resumed production at Giga Shanghai following a two-day suspension, Reuters reported, citing people familiar with

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AFP

Unwed and unwanted, Chinese single mothers fight for rights

Shanghai (AFP) - Li Meng is a devoted mother trying to support her two-year-old daughter, but in the eyes of Chinese society and the state, she is almost a second-class citizen.

Benzinga

Tesla Attempts To Resume Production At Shanghai Factory

Tesla Inc (NASDAQ:TSLA) tried to keep production going at its Shanghai factory while complying with China's COVID-19 precautions, Reuters reports. The U.S. electric vehicle maker recently halted production at its Shanghai factory for two days as China looked to curb the country's latest resurgence. Tesla admitted cooperating with the government's requirements for nucleic acid…

Caixin Global

Shanghai Composite Index Rose 1.4% on Thursday

Shenzhen Component Index closed up 2.41%

The Street

Tesla Model 3, Model Y Hit Speed Bump in China

Tesla's plant in China accounted for more than half of the 936,000 vehicles the company delivered in 2021.

InsideEVs

Report: Tesla Giga Shanghai Pauses Production

According to Reuters's unofficial sources, the company is suspending production for two days. Reuters notes that a single day of production is worth 2,000 cars.

The Street

Stocks Leap, Fed In Focus, Apple, Tesla And Live Nation - 5 Things You Must Know

Stock futures extend gains on China stimulus, Russia-Ukraine talks; Fed readies first rate hike since 2018; Foxconn 'cautious' on supply chain; Tesla shutters Shanghai gigafactory and Live Nation shares slide as Senators urge DoJ pricing probe.

Caixin Global

Shanghai Composite Index Rose 3.48% on Wednesday

Shenzhen Component Index closed up 4.02%

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