China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

Uganda is struggling to contain its second-deadliest Ebola outbreak

Uganda is struggling to contain its second-deadliest Ebola outbreak

Uganda is struggling to contain an Ebola outbreak that has already infected at least 156 people and killed 74, including in the capital Kampala. The outbreak, first detected on September 20 in a small farming town in central Uganda, is caused by a relatively rare strain of the virus for which there are no proven … Read more

Novavax (NVAX) third quarter earnings

Novavax (NVAX) third quarter earnings

In this photo illustration, a silhouette of a man holding a medical syringe and vial is shown in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax reported an unexpected loss Thursday, but beat Wall Street’s third-quarter revenue expectations. The Covid-19 vaccine maker reported a net loss of … Read more

Stock futures rise as midterm vote begins

Stock futures rise as midterm vote begins

US stock futures ticked higher as investors awaited the outcome of the midterm elections, which are expected to result in a divided government. S&P 500 futures rose 0.4% on Tuesday, while Nasdaq 100 futures rose 0.6%. Dow Jones Industrial Average futures rose 0.4 percent. The moves come a day after stock markets rallied, with the … Read more

Foxconn’s efforts to ease workers’ fears of Covid led to tighter lockdowns

Foxconn’s efforts to ease workers’ fears of Covid led to tighter lockdowns

HONG KONG – When a small group of workers spent 27 hours locked inside the world’s largest iPhone factory in early October, it appeared to be little more than another temporary lockdown in China’s ongoing war against Covid-19. But the outbreak continued and on Monday, days after saying operations were stabilizing, Foxconn Technology Group cut … Read more

China is gradually weighing zero-Covid exit, but proceeding cautiously with no timeline

China is gradually weighing zero-Covid exit, but proceeding cautiously with no timeline

SINGAPORE — Chinese leaders are considering steps toward reopening after nearly three years of tough pandemic restrictions, but they are proceeding slowly and have not set a timeline, according to people familiar with the discussions. Chinese officials have grown concerned about the cost of their zero-tolerance approach to quelling Covid-19 outbreaks, which have resulted in … Read more

Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

Apple warns iPhone production disrupted by China’s Covid-19 restrictions

Apple warns iPhone production disrupted by China’s Covid-19 restrictions

The Cupertino, California-based tech giant said on Sunday that the Zhengzhou assembly plant is currently operating but at reduced capacity. “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously expected, and customers will experience longer wait times to receive their new products,” the company said. Last week, Apple … Read more

Pfizer releases data showing omicron boosters better than old shots

Pfizer releases data showing omicron boosters better than old shots

A healthcare worker administers a dose of the Pfizer covid-19 vaccine to a man at the Sanford Civic Center. With the emergence of the Omicron covid-19 variant in several countries, including the United States, the US Centers for Disease Control (CDC) encouraged all vaccinated adults to receive their Covid-19 booster shots. Paul Hennessy | LightRocket … Read more

The hospitalization rate for influenza is the highest in a decade, with children and seniors most at risk

The hospitalization rate for influenza is the highest in a decade, with children and seniors most at risk

The United States is facing the highest hospitalization rates for the flu in more than a decade, with children and the elderly most at risk, according to the Centers for Disease Control and Prevention. Influenza and respiratory syncytial virus had receded during the Covid-19 pandemic due to mitigation measures such as masks and social distancing. … Read more