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Oil drops on fears of inflation, China’s COVID flare up

Posted: Tue Jun 14, 2022 1:19 am
by Sky
https://www.aljazeera.com/economy/2022/ ... d-flare-up

Oil dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dented hopes of a pick-up in Chinese demand, while worries about more interest rate hikes to control rampant inflation have added further pressure.

West Texas Intermediate futures fell nearly 2 percent to trade below $119 a barrel amid a broader market selloff.

Re: Oil drops on fears of inflation, China’s COVID flare up

Posted: Sat Sep 24, 2022 4:11 pm
by Electric
China locks down 65 million as holiday travel peak looms:
https://www.ctvnews.ca/health/coronavir ... -1.6055817

Sept. 5, 2022 - BEIJING - China has locked down 65 million of its citizens under tough COVID-19 restrictions and is discouraging domestic travel during upcoming national holidays.

Across the country, 33 cities including seven provincial capitals are under full or partial lockdown covering more than 65 million people, according to a tally published late Sunday by the Chinese business magazine Caixin.

It said that outbreaks have been reported in 103 cities, the highest since the early days of the pandemic in early 2020.

Millions in China's Chengdu thrown into extended COVID-19 lockdown:
https://www.ctvnews.ca/health/coronavir ... -1.6060100

Sept. 8, 2022 - BEIJING - The Chinese city of Chengdu extended a lockdown for a majority of its more than 21 million residents on Thursday to prevent further transmission of COVID-19 while millions more in other parts of China were told to shun travel in upcoming holidays.

Chengdu, the capital of southwestern China's Sichuan province, was locked down on Sept. 1 after COVID cases were detected, becoming the largest Chinese metropolis hit with curbs since Shanghai's lockdown in April and May.

Hong Kong will scrap COVID hotel quarantine from Sept. 26:
https://www.reuters.com/world/china/hon ... 022-09-23/

HONG KONG, Sept 23 (Reuters) - Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from Sept. 26, more than 2.5 years after it was first implemented, in a long-awaited move for many residents and businesses in the financial hub.

China Covid: Quarantine bus crash kills 27 and injures 20:
https://www.bbc.com/news/world-asia-62947897

A bus transporting residents to a Covid-19 quarantine facility in China has crashed, killing 27 of those on board.

The coach overturned on a motorway in the south-western province of Guizhou. Another 20 people were injured.

Only two people have died from Covid in Guizhou province since the pandemic struck almost three years ago.

The accident sparked anger online from those critical of Beijing's "zero-Covid" policy.

The strict policy involves mass testing and tracking. Those who test positive and their close contacts have to isolate at home or in a quarantine facility.

Just a handful of cases can spark a city-wide lockdown.

Re: Oil drops on fears of inflation, China’s COVID flare up

Posted: Fri Nov 11, 2022 1:36 pm
by Smart Forum User
Fri November 11, 2022 - Hong Kong - CNN Business

China has reduced the amount of time travelers entering the country must spend in quarantine and removed a major restriction on international flights, in a sign of a limited easing of its stringent zero-Covid policy.

The new measures were announced Friday following a meeting by the ruling Communist Party’s top decision-making body, during which leaders vowed to maintain Covid protocols while stressing the need to minimize economic and social disruptions.

The long-awaited announcement, however, does not explicitly mention when the changes will take effect.

Read more here:

https://www.cnn.com/2022/11/11/business ... index.html

Re: Oil drops on fears of inflation, China’s COVID flare up

Posted: Sun Sep 29, 2024 10:02 pm
by xkhan

Re: Oil drops on fears of inflation, China’s COVID flare up

Posted: Fri Nov 01, 2024 11:03 pm
by xkhan
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