Bloomberg News

Fed-favored inflation gauge rises by les than forecast, spending moderates

Excluding food and energy, the Fed's preferred inflation gauge - the personal consumption expenditures price index - rose 0.3% in February after the prior month was revised down slightly

Ageing shadow fleet carrying Russian oil poses disaster risk: Report

The aftermath of European Union sanctions on Russia mean that the Turba has been enlisted into a vast shadow fleet carrying Moscow's oil around the globe

Baidu showcases China's answer to ChatGPT to lead transformative technology

The Beijing-based company is leading a race with the likes of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to create a next-generation platform for the world's largest internet market

Adani's $108 billion crisis shakes foreign investors' faith in India

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

Xi Jinping says China's Covid-19 fight in new stage, faces tough tasks

Xi said the current outbreak has been 'fierce' and China still faced tough tasks, state broadcaster China Central Television reported late Wednesday

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge

Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on the price of Paxlovid

Diaspora set to rush home as China dismantles Covid Zero, opens borders

The reopening of China's borders marks the end of Covid Zero, a strategy that left it isolated for three years and weighed heavily on its economy

China's economic activity rebounds in cities where Covid-19 peaked

While mobility still remains well below pre-pandemic levels, the quick rebound in activity in cities like Beijing - where the outbreak was most severe - suggests the economy could recover faster

China could face deluge of Covid deaths in new year without pandemic curbs

By the end of April 2023, China may see 1.7 million deaths from this wave of infections, Airfinity said

China job prospects, incomes plunge to new lows amid economic slowdown

But while economic activity is expected to eventually rebound, it's unclear how quick that will happen given the spread of infections and the weakness in confidence

Countries restrict entry of Chinese travellers as Beijing lifts Covid curbs

Uncertainty over the true scale of infections without reliable official figures is fueling concern that the rapid spread of the virus could lead to the emergence of new variants

China to end quarantines for inbound travellers as 'Covid Zero' dismantled

People arriving in China will only be required to obtain negative Covid test results within 48 hours of departure, according to a statement from the National Health Commission Monday

China's economy is showing increasing strain from the Covid tsunami

Even before the curbs were lifted, China's economy was struggling, with a slump in consumer spending deepening and industrial output growing the slowest since the spring lockdowns

Facing questions over accuracy, China stops releasing Covid-19 cases data

The commission didn't provide a reason for the change in policy, but said that the Chinese Center for Disease Control and Prevention will release Covid-related info for studies and reference

Two Chinese cities reveal Covid cases that far exceed national tally

These local estimates show a huge discrepancy with the official tally of only 4,103 cases reported for China for Dec 23

China's soaring Covid-19 infections push economic activity off a cliff

Following the recent abrupt end to Covid Zero controls, more cities have been hit by an exit wave of infections in the past week, leading to crowded hospitals and queues at funeral parlors

China likely seeing 1 mn Covid infections, 5,000 virus deaths every day

This current wave may see the daily case rate rise to 3.7 million in January, according to Airfinity Ltd., a London-based analytics firm

China's budget deficit hits record $1.1 trillion on Covid zero slump

The lockdowns, testing and quarantine rules that were key to the Covid Zero policy put a strain on consumer and business spending, pushing the economy close to contraction in the second quarter

China's Covid death reports spread as doubts grow about official virus data

Reports indicate the wave of fatalities that, until now, has been centered in the capital of Beijing, is quietly rippling through less prominent parts of the country

Europe's $1 trillion energy bill only marks beginning of the crisis

After this winter, the region will have to refill gas reserves with little to no deliveries from Russia, intensifying competition for tankers of the fuel