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The Latest Breaking News from Shanghai

GM Keeps Up Production In China By Retaining Workers In Factory: Reuters

General Motors Company’s (NYSE:GM) joint venture in Shanghai, China, is continuing production amid lockdown by making workers sleep on factory floors, Reuters reported. The company has formed an arrangement in which workers sleep, live, and work in isolation from the rest of the world to prevent virus transmission. General Motors runs the facilities…

Benzinga

Anxiety and empty shelves as Shanghai Covid cases surge

SHANGHAI: Shanghai recorded a steep climb in Covid-19 cases Tuesday as panic-buying in the Chinese city of about 25 million stripped supermarket shelves bare.

Bangkok Post

In China's Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown

More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 lockdown, according to local administration officials.

Reuters

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Tesla Halts Giga Shanghai Production For Four Days Amid Lockdown

Authorities in the city of around 25 million people decided to lock down half the city at a time to conduct mass testing to fight a new COVID-19 outbreak.

InsideEVs

Shanghai Composite Index Fell 0.33% on Tuesday

Shenzhen Component Index closed down 0.46%

Caixin Global

Shanghai lockdown tests 'zero-COVID' limits, shakes markets

A two-phase lockdown on Shanghai's 26 million people is testing the limits of China's hardline “zero-COVID" strategy whose effects are being felt beyond the country's borders

The Independent UK

Feeling economic strain, China explores tweaks to ‘Zero COVID’

Shanghai, China’s biggest city, is imposing a lockdown in two phases in an effort to minimise economic disruption.

Al Jazeera

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Shanghai tightens COVID lockdown on second day of curbs

China's most populous city tightened the first phase of a two-stage COVID-19 lockdown on Tuesday, asking some residents to stay indoors unless they are getting tested as the number of new daily cases exceeded 4,400.

Reuters

Shanghai begins locking down millions as China’s Covid cases surge

China will shut down city in two stages as it sticks to a ‘zero-Covid’ strategy amid growing outbreaks

The Guardian - UK

FTSE report: Oil slips and bitcoin jumps as Shanghai Covid lockdown rekindles supply chain fears

The move to lockdown 26 million residents in the major Chinese city Shanghai has hit Asian share prices and knocked Brent crude

Evening Standard

Half of Shanghai in Lockdown to Curb Covid-19 Outbreak

Millions of people in China's financial hub were confined to their homes on Monday as the eastern half of Shanghai went into lockdown to curb the country's biggest ongoing Covid-19 outbreak. The move, announced late Sunday, caused a run on grocery stores by residents who have become increasingly exasperated with…

Asharq Al-Awsat

Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

Caixin Global

Oil Falls as Shanghai Lockdown Boosts Fears Over Weaker Demand

Oil prices fell more than $3 on Monday as fears over weaker fuel demand in China grew after its financial hub of Shanghai launched a planned two-stage lockdown on Monday to contain a surge in COVID-19 infections. The market kicked off another week of uncertainty, buffeted on one side by…

Asharq Al-Awsat

Large parts of Shanghai locked down as mass Covid-19 testing begins

China has reported more than 56,000 infections nationwide this month

Wales Online

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Reuters

Shanghai locks down as COVID surges in China's financial hub

China's financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restricting highway traffic in a scramble to contain surging COVID-19 cases.

The Independent UK

Much of Shanghai locked down as mass COVID-19 testing begins

China began locking down most of its largest city of Shanghai on Monday as part of its strict COVID-19 strategy, amid questions over the policy’s economic toll

Evening Standard

China to lockdown Shanghai after surge in Covid infections

The city will be locked down in two stages so testing can be carried out

Bangkok Post

Shanghai to lock down half city in turns for mass Covid test

Shanghai will lock down each half of the mega city in turns to conduct a mass testing blitz as authorities scramble to staunch a spiralling virus outbreak in the financial hub and beyond.

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Caixin Global

Shanghai Hits a New High in Daily Covid Cases

On Friday, the Asian financial hub reported 38 confirmed local infections and 2,231 asymptomatic cases

The Times of India

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.

Caixin Global

Shanghai Composite Index Fell 1.17% on Friday

Shenzhen Component Index closed down 1.89%

The Guardian - AU

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

Bangkok Post

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…

Caixin Global

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

Benzinga

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…

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