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China's lockdowns to contain the country's worst covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai, and halting spending by millions of people shut in their homes.
Made possible by Australia’s decision, in late February, to throw off the shackles of 'Fortress Australia' and reopen international tourism.
Elon Musk praised Chinese automakers as “the most competitive in the world” at an online forum Friday, where the Tesla Inc. chief also touched upon data security and the nation’s “great potential” as a market for electric vehicles.
The global chip crisis is going from bad to worse A wafer of Intel Xeon chips The global chip shortage is going from bad to worse with car makers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the crisis. In a dizzying 12-hour stretch, Honda said it will halt production at three plants in Japan for around five to six days next month; BMW flagged it will pause production at its plants in Germany and England; and Ford reduced its full-year earnings forecast due to the debilitating chip shortage, which it sees extending int...