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The Latest Breaking News from China

Shanghai releases more from virus observation amid lockdown

Shanghai says it has released 6,000 more people from medical observation facilities, though the lockdown of most of China’s largest city was being maintained in its third week

The Independent UK

New Zealand allows resident to be extradited to China in landmark ruling

Court concludes in case of murder suspect Kyung Yup Kim that government can trust Chinese assurances extradited defendants will not face torture

The Guardian - AU

Shanghai Composite Index Fell 0.82% on Wednesday

Shenzhen Component Index closed down 1.6%

Caixin Global

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Oil Prices Ease on Weaker Economic Data from China, Japan

Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about growth and oil demand in the world's top consumers. Brent crude futures was down 34 cents, or 0.3%, to $104.30 a barrel at 0501 GMT, while US West Texas Intermediaten(WTI)…

Asharq Al-Awsat

China's March exports grow despite virus; imports flat

China’s exports rose 15.7% in March over a year earlier while imports were flat due to disruptions from coronavirus outbreaks

The Independent UK

Indonesian political parties build close relations with China despite their anti-communist ideology

Southeast Asia’s largest economy Indonesia has been increasingly intimate in various sectors with the world’s second-largest economy, China.

The Conversation

Taiwan Suffers Fallout From China COVID-19 Lockdowns As 11 Firms Said To Suspend Production

As the COVID-19 lockdown continues in China's financial center Shanghai, more and more companies have been forced to halt production.

Benzinga

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A wave of election misinformation is about to come at you. Are you ready?

From the plethora of claims made by politicians about the other side's record on the economy, climate and public services, to an influx of imported narratives about the electoral process, there's a lot of incorrect and misleading information circulating less than a week into the election campaign. So, what should…

ABC News

What's happening in Sri Lanka and how did the economic crisis start?

The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the first time since its independence, and the country’s 22 million people are facing crippling 12-hour power cuts, and an extreme…

The Conversation

Shanghai vows punishment for COVID lockdown violators as cases hit 25,000

China's commercial capital, Shanghai, warned on Wednesday that anyone who violates COVID-19 lockdown rules will be dealt with strictly, while also rallying citizens to defend their city as its tally of new cases rebounded to more than 25,000.

Reuters

Australia official in Solomon Islands amid China worries

Visit comes amid concern a proposed security pact with Beijing will undermine regional security.

Al Jazeera

As Shanghai lockdown drags on, fears grow for global trade

China’s strict pandemic policies have shuttered factories and prevented ships from unloading and picking up cargo.

Al Jazeera

How many nuclear weapons does the US have?

As of September 2020, the US had 3,750 nuclear warheads, 88% lower than 1967 peak of 31,255.

USAFacts

Tesla Reopens Roadster Reservations In China, A Day After US Bookings Return

Tesla Inc (NASDAQ: TSLA) is once again accepting reservations for its electric sports car Roadster in China after pausing pre-orders last year, the electric vehicle maker’s website showed.

Benzinga

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Reuters

Australia minister arrives in Solomon Islands to discuss China security pact

An Australian government minister arrived in the Solomon Islands on Wednesday for talks on a proposed security agreement between the Pacific islands nation and China that Australia opposes.

The Independent UK

Sealed doors and tensions boiling over: American expat reveals reality of Shanghai’s citywide lockdown

The coastal city of 25 million people is at the heart of China’s recent Covid surge

ABC News

Why more than 200,000 COVID-positive results in Shanghai aren't 'confirmed cases'

Since the start of March, Shanghai has recorded more than 229,000 positive COVID-19 results. But authorities say fewer than 10,000 are actually "confirmed cases".

Benzinga

Apple Will Have Minimal Impact From China's Lockdown According To This Analyst

Piper Sandler analyst Harsh Kumar saw a minimal impact on Apple Inc (NASDAQ: AAPL) from supply issues caused by Covid-19 lockdowns in China.

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Benzinga

Here's Why BofA Views Nvidia As Leading Growth Company In Semis

BofA analyst Vivek Arya reiterated a Buy rating and a $375 price target (71.1% upside) on NVIDIA Corp (NASDAQ:NVDA) and a Top Pick designation. Arya saw the Baird downgrade-related selloff as likely done. Truist also slashed the price targets on the chipmakers. Arya acknowledged that Nvidia's gaming business was vulnerable to weaker demand from Europe due to the Russia-Ukraine…

The Hindu

Disease and the cure: On China’s zero COVID strategy

China should reconsider its zero COVID strategy and follow science while opening up

Tribune News Service

US sees Russia as a prime offender as human rights decline

An annual human rights report by the U.S. State Department contends that authoritarianism around the world is threatening human rights and democracy, most strikingly as Russia continues its attack on Ukraine.

Benzinga

Toyota Plans 10% Production Cut In May: Nikkei Asia

Toyota Motor Corp (NYSE:TM) has informed suppliers that it plans to reduce global production by 10% in May, Nikkei Asia reported. The report noted the company plans to produce 700,000 vehicles for the month of May. It manufactured 670,000 vehicles last May. The chip shortages have led the automaker to change its…

Roll Call

Chinese and Russian ambitions in space pose threat, Pentagon warns

China and Russia are increasing their capacities to threaten the United States from space, according to a new Pentagon report.

The Times of India

Explained: How Sri Lanka fell into debt trap, defaulted on foreign payments

NEW DELHI: Grappling with its worst economic crisis since the country got independence in 1948, Sri Lanka on Tuesday announced a default of $51 billion on foreign debt.

Benzinga

VNET Finally Gets Some Respect from Unsolicited Suitor

Key Takeaways: VNET has received an unsolicited buyout offer that is 50% higher than its previous stock price, sparking a 30% surge in its shares Company is the relative laggard among China’s three major independent data center operators despite its status as the oldest of the group By Doug Young

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