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The Latest Breaking News from Shanghai

Shanghai's Covid cases hit a record as testing intensified

SHANGHAI: Shanghai's Covid cases jumped more than 60% in a single day, topping 1,600 on Friday, even as authorities escalated restrictions that many feared would plunge the Chinese financial hub into city-wide lockdown.

The Times of India

Shanghai Composite Index Fell 1.17% on Friday

Shenzhen Component Index closed down 1.89%

Caixin Global

Frustration with Covid response grows in China as daily cases near 5,000

As the Omicron variant takes hold, some say the country’s hardline approach is causing more deaths than the virus itself

The Guardian - AU

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Hermès brings pop-up gym to Bangkok

With creative flair, the Parisian luxury brand Hermès is challenging the fashion world in the post-pandemic era by opening a new gym, HermèsFit, where everyone can join in a fit, healthy and lavish lifestyle and also experience the house's fantastic range of accessories as well as silk materials. A few…

Bangkok Post

Shanghai Financial Firms Ask Staff to Sleep in Office Amid Local Covid Flare-Up

Authorities issue stay-at-home orders, launch mass testing in the city’s busy financial district to contain its latest Covid flare-up

Caixin Global

US Goods Risk Delay As China's Lockdowns Heightens Shipping Port Jams: Bloomberg

The key Chinese ports of Shenzhen and Hong Kong face congestion, which rose to the highest level in five months due to COVID-19 lockdowns. It could pose possible delays to goods heading to the U.S. this summer, reported Bloomberg. Ryan Closser, a director at FourKites, states, “Shenzhen is the second-busiest port…

Benzinga

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

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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

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

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

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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

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…

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Caixin Global

Shanghai Composite Index Rose 1.4% on Thursday

Shenzhen Component Index closed up 2.41%

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.

Caixin Global

Shanghai Composite Index Rose 3.48% on Wednesday

Shenzhen Component Index closed up 4.02%

Caixin Global

Shanghai tax authorities says Deng Lun sidestepped paying millions by dressing up personal income as corporate income, which is taxed at a lower rate

Benzinga

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…

France 24

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…

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

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