Oil Prices Rise On Hope As China Started Reopening
Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…
Aman Goyal
Why Is COVID-19 Not Slowing Down In China? Key PointsÂ
China is continuously under lockdown due to continuous COVID-19 cases, but the country reported a massive surge in cases recently as the Chinese government lifted the three-year lockdown last month. Eric Feigl-Ding, an Epidemiologist and health economist, claimed that the hospitals in China had been completely overwhelmed since the restrictions dropped. He also predicted that…
Yash Sharma
China Is Battling With Protest And COVID-19 Together
It has been almost three years since the coronavirus affected the world. China is still facing intermittent lockdowns that disturb supply chains and rules that have made the country uninviting to international staff. The last year has been particularly painful as the rest of the world resumed its activities and learned to live alongside the…
Over 20,000 Employees Left Apple’s Supplier Foxconn
Apple iPhone maker Foxconn Zhengzhou, China, saw a heavy departure of employees. Over 20,000 workers, along with new hires who have not started working on the production line yet, have left the plant, a Foxconn source familiar with the matter told Reuters on Friday. This comes just a day after violent protection broke out at…
Vipin
India’s Q1 GDP Growth Slows From Previous 2 Quarters
India’s economic growth is likely to stumble again in the first quarter of this year due to Omicron-related restrictions and higher inflation, according to the reports. The reason behind this consecutive drop in the GDP is the surge in COVID-19 infection caused by the coronavirus variant – Omicron, which resulted in restrictions on the activity…