China’s Covid Restrictions Are Forcing Farmers to Destroy Crops

“Citizens want food, farmers want income, and farming seasons don’t wait for anyone,” the state-backed publication said. It urged authorities to reduce obstruction for vehicles transporting food products, “so that fresh vegetables from the fields can be served hot on the tables of thousands of households.” 

China Covid Protests Spread to Hong Kong as Dozens Rally

Demonstrators hold blank signs during a vigil commemorating victims of China’s Covid Zero policy in Hong Kong, China, on Monday, Nov. 28, 2022. The protests that erupted against China’s Covid Zero strategy represent one of the most significant challenges to Communist Party rule since the Tiananmen crisis more than 30 years ago.

Asian Markets Brace for Impact as China Unrest Hits Sentiment

Police officers stand guard during a protest in Beijing, China, on Monday, Nov. 28, 2022. Protests against Covid restrictions spread across China on Sunday as citizens took to the streets and university campuses, venting their anger and frustrations on local officials and the Communist Party.

Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood

The dramatic turn of events adds fresh uncertainties to the outlook of the world’s No. 2 economy and its markets, just as some recent loosening of virus controls and sweeping property rescue efforts have helped Chinese stocks stage a remarkable rebound. The protests, triggered by a deadly fire in an apartment block under lockdown in … Read more

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

The daily Covid testing also proved to be flawed. As many as 20 workers’ throat swabs were put into one tube to speed testing and lower costs. If the results came back positive, all the workers whose samples were in that one tube were put into isolation for further testing. Those who worked on the same production … Read more

Charting the Global Economy: OECD Raises Inflation Forecast

(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year will remain above the targets set by many global central banks. While … Read more

After Tragedy In Family, Shapoor Mistry Faces A $29-Billion Challenge

Now Mistry, 57, will have to figure out how to resolve that dispute and free up cash as a weakening economy and rising interest rates rattle his Shapoorji Pallonji Group, which just emerged from years of financial stress during the pandemic. He has met with lawyers and consultants, people familiar with the discussions said. Those, … Read more

DeSantis Makes Pitch to Republicans Looking to Move From Trump

Ron DeSantis, governor of Florida, during the Republican Jewish Coalition (RJC) Annual Leadership Meeting in Las Vegas, Nevada, US, on Saturday, Nov. 19, 2022. Democrats defied political forecasts and historical trends to keep control of the Senate in a win for President Joe Biden, as voters rejected a handful of candidates backed by former President … Read more

UK Incomes Set for Record Drop

(Bloomberg) — Britons are about to experience a record drop in disposable incomes as Chancellor of the Exchequer Jeremy Hunt raises taxes and cuts spending to clean up an economy already in recession. The UK program represents the sharpest retrenchment in government spending since the austerity budgets set out after the global financial crisis. The … Read more