China’s economy skids as shutdowns hit factories and retailers

April industrial production unexpectedly falls year-on-year April retail sales fall faster than expected National unemployment rate at highest since February 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – Retail and factory activity in China fell sharply in April as sweeping COVID-19 lockdown measures confined workers and consumers to their homes … Read more

Texas power grid faces summer having changed little from February freeze

June 24 (Reuters) – Texas’s grid operator frightened residents last week when it said it had very little reserves to cover demand spiking as temperatures soared. This summer could produce more scary times. In February, the Texas grid, run by the Electric Reliability Council of Texas (ERCOT), nearly collapsed from several days of frigid weather, … Read more

North Korea reports more deaths, says taking ‘swift action’ against COVID outbreak

SEOUL, May 15 (Reuters) – North Korea said on Sunday a total of 42 people had died as the country entered its fourth day of nationwide lockdown aimed at halting the first confirmed outbreak of COVID-19 in the impoverished country. North Korea’s admission on Thursday that it is battling an ‘explosive’ COVID-19 outbreak has raised … Read more

Chinese plane aborts takeoff and catches fire, causing minor injuries during evacuation

Rescue workers are seen at the site where a Tibet Airlines Airbus A319 plane caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Join now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s Tibet Airlines said all passengers and … Read more

Boeing clashes with key supplier ahead of Starliner spacecraft launch

WASHINGTON, May 11 (Reuters) – Boeing Co. (TO PROHIBIT) rivals Aerojet Rocketdyne (AJRD.N)a key supplier to its Starliner spacecraft as the US aerospace giant races to test launch the uncrewed astronaut capsule and repair its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled to launch May 19 … Read more

Hong Kong police release Catholic cardinal arrested on national security charges

HONG KONG, May 11 (Reuters) – Cardinal Joseph Zen, one of Asia’s top Catholic clerics, and three other people who helped run a now disbanded fund for protesters in Hong Kong have been arrested for “collusion with foreign forces”. , then released on bail. Zen, a 90-year-old former Hong Kong bishop, was interrogated for several … Read more

Abandoning zero-COVID policy in China without safeguards puts 1.5 million lives at risk – study

A delivery man standing on a scooter looks over barriers in a closed residential area during the lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China May 9, 2022. REUTERS/Aly song Join now for FREE unlimited access to Reuters.com Register Safeguards include strengthening vaccinations, access to health care “Zero-COVID” stance key to defeating virus … Read more

Shipping insurance costs across the Black Sea are skyrocketing

LONDON, Feb 25 (Reuters) – Insurers have raised the cost of cover for merchant ships crossing the Black Sea, adding to soaring freight rates in the region for vessels still ready to sail after the invasion of Ukraine by Russia. Shipowners pay war risk insurance annually as well as an additional “infraction” premium when entering … Read more

Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Reuters.com Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

EXCLUSIVE Tesla halts most production at Shanghai factory, sales plummet in April

Chinese-made Tesla Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Plant will produce less than 200 cars on Tuesday – memo Factory halted work due to supply issues – sources China’s COVID policies … Read more