China's export growth slumped in April to its lowest level in almost two years, customs data showed Monday, as a COVID resurgence shuttered factories, sparked transport curbs and caused congestion at key ports.
China blasted the United States for making "groundless accusations" about its COVID-19 policy, after surging cases in Shanghai prompted the American consulate to let some staff leave the locked-down megacity.
Nearly 30 million people were under lockdown across China on Tuesday, as surging virus cases prompted the return of mass tests and hazmat-suited health officials to city streets on a scale not seen since the start of the pandemic.
Outgoing Chancellor Angela Merkel on Saturday called on all unvaccinated Germans to get their shots as quickly as possible as the country’s coronavirus infection rate hit the latest in a string of new highs and death numbers were growing.
Japan expanded its coronavirus state of emergency on Wednesday for a second week in a row, adding eight more prefectures as a surge in infections fueled by the Delta variant strains the country’s health care system.
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of COVID cases in Asian countries.
Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed.