German police plan to make more arrests after foiling a coup attempt

Police propose further arrests as probe coup plot Germans shocked by plan to overthrow government The judge orders the arrest of the first group of conspirators BERLIN, Dec. 8 (Reuters) – German police are planning further arrests as they investigate a far-right group that prosecutors say was preparing to overthrow the state and install a … Read more

As China begins dismantling ‘zero-COVID’ controls, virus fears are on the rise

Biggest easing of curbs since the start of the pandemic Cities are urging citizens to remain vigilant Analysts say China is ill-prepared for a major spike in business BEIJING/SHANGHAI, Dec. 8 (Reuters) – As many Chinese embraced new freedoms on Thursday after the country dropped key parts of its hardline zero-COVID regime, there was growing … Read more

China trade suffers worst slump in 2-1/2 years as COVID woes and weak demand take toll

China’s exports are worst since February 2020, miss forecast Imports are down the most since May 2020 due to weak demand Global economic slowdown, China’s COVID woes are under pressure Politburo meeting points to key driver for domestic demand in 2023, analyst says BEIJING, Dec. 7 (Reuters) – China’s exports and imports contracted at their … Read more

Response to China’s easing of COVID restrictions following a major policy change

December 7 (Reuters) – China on Wednesday announced the most sweeping changes to its hardline zero-COVID policy since the start of the pandemic three years ago, easing rules that curbed the spread of the virus but taking the second largest economy in the world and led to protests . The relaxation of rules, including allowing … Read more

China plans to ease COVID restrictions further as markets welcome a new course

New nationwide COVID rules from Wednesday – sources Shift follows large-scale demonstrations last month Yuan firms, global markets gather on China’s hopes HONG KONG/BEIJING, Dec. 5 (Reuters) – China will announce further easing of some of the world’s toughest COVID curbs as early as Wednesday, sources said, as investors cheered the prospect of a policy … Read more

Asia Shares Bank on China’s Final Opening; oil profits Chinese stocks rise, dollar falls More Chinese cities are easing coronavirus controls Cap on Russian oil takes effect, impact uncertain SYDNEY, Dec. 5 (Reuters) – Asian stocks extended their rally on Monday as investors hoped steps to lift China’s pandemic restrictions would eventually improve the outlook for global growth and demand for commodities, driving … Read more

Oil prices rise after OPEC+ upholds production cut targets, China eases COVID restrictions

Brent gained 0.8% at 0430 GMT, WTI rose 0.9% OPEC+ maintains plans to cut production by 2 million barrels per day More Chinese cities are easing COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ countries kept their production targets stable ahead of a European Union … Read more

Chinese services activity shrinks to 6-month low – Caixin PMI

BEIJING, Dec. 5 (Reuters) – China’s services activity contracted to a six-month low in November as mounting COVID containment measures weighed on demand and activity, a private sector business survey found on Monday, pointing to a further blow to economic growth. The purchasing managers’ index (PMI) of Caixin/S&P Global services fell from 48.4 to 46.7, … Read more

BoC Keeps Pace With December 50 Basis Point Rate Hike – Economists

BENGALURU, Dec 1 (Reuters) – The Bank of Canada will raise its key interest rate by another 50 basis points to 4.25% on Dec 7, according to a slim majority of economists in a Reuters poll suggesting the central bank should pause then on a nine-month tightening campaign. An economy that grew at a solid … Read more

Chinese cities are easing COVID sidewalks as the virus continues to spread

BEIJING, Dec. 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing testing requirements and quarantine rules in anticipation of an expected shift in virus policies across the country following widespread social unrest. However, the uneven easing of COVID restrictions is fueling fears among some residents who suddenly feel more … Read more