On Shanghai vigil, a bold cry for change preceded the crackdown

On Shanghai vigil, a bold cry for change preceded the crackdown

SHANGHAI (AP) — Mourners in Shanghai lit candles and laid out flowers. Someone scrawled “Urumqi, 11:24, Rest In Peace” in red on a piece of cardboard, referring to a deadly apartment fire in the western Chinese city of Urumqi. that sparked anger over perceptions that the country’s strict COVID-19 measures played a role in the … Read more

G-7 describes how it will work

G-7 describes how it will work

President of Russia Vladimir Putin Contributor | Getty Images News | fake images The European Union agreed on Friday to limit Russian seaborne oil prices to $60 a barrel, after several days of intense negotiations over an appropriate level. The announcement comes after the G-7 group of advanced economies agreed in September to impose a … Read more

Oil production cuts on the table ahead of Russia sanctions

Oil production cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide on the next phase of production policy. Mayor Bloomberg | Mayor Bloomberg | fake images OPEC and non-OPEC oil producers could impose deeper cuts in oil output on Sunday, energy analysts said, as the influential energy … Read more

South Korea inflation, US jobs report, China Covid-zero

South Korea inflation, US jobs report, China Covid-zero

Singapore and New York ranked as most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to The Economist Intelligence Unit (EIU). The EIU survey showed that the average price of goods in 172 major cities globally rose 8.1% in local … Read more

Biden welcomes Macron amid friction over US climate law

Biden welcomes Macron amid friction over US climate law

WASHINGTON (AP) — Presidents Joe Biden and Emmanuel Macron They are celebrating the longstanding relationship between the United States and France, but these are friends with differences. The French leader is taking advantage of his visit to Washington to harshly criticize aspects of his ally’s flagship climate law as bad business for Europe. Biden was … Read more

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese Yen Strengthens After Powell’s Comment on Smaller Rise Temasek’s FTX’s $245m loss ’caused reputational damage’ for Singapore, deputy PM says Singaporean Deputy Prime Minister Lawrence Wong has said the state sovereign wealth fund’s $275 million investment loss in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” for the city-state. But the … Read more

Jiang Zemin, who guided China’s economic rise, dies

Jiang Zemin, who guided China’s economic rise, dies

BEIJING (AP) — Jiang Zemin, who led China out of isolation after the military crushed pro-democracy protests in Tiananmen Square in 1989 and supported economic reforms that led to a decade of explosive growth, has died Wednesday. He was 96. Jiang, who was president for a decade until 2003 and headed the ruling Communist Party … Read more

China vows to crack down on “hostile forces” as it publicly tests Xi

China vows to crack down on “hostile forces” as it publicly tests Xi

BEIJING (AP) — China’s ruling Communist Party has vowed to “crack down on infiltration and sabotage activities by hostile forces” following the largest street demonstrations in decades by citizens fed up with strict anti-virus restrictions. The statement by the Central Commission for Political and Legal Affairs released on Tuesday night comes amid a massive show … Read more

China’s covid zero has shaken confidence in supply chains

China’s covid zero has shaken confidence in supply chains

While Chinese authorities may gradually lift restrictions in March, zero-COVID policies are starting to hurt global confidence in the country’s industrial supply chains, said Li Daokui, a Mansfield Freeman professor of economics at China’s Tsinghua University. In the short term, supply chains will be largely unaffected as factories will keep running even if consumption is … Read more

China factory activity at lowest reading since April; Mixed Asian markets

China factory activity at lowest reading since April;  Mixed Asian markets

Bitcoin briefly crosses $17,000 to the highest levels since mid-November The bitcoin price briefly broke above $17,000 in the Asian morning session for the first time since mid-November. Bitcoin is up 2.2% from the previous 24 hours, according to Coin Metrics, last trading at $16,863.07 per coin. Ether is also up, and is up 4.74% … Read more