Stay updated with breaking news from Theron lim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China’s export growth last month surged more than expected after its largest city eased lockdown rules, official data showed yesterday, but imports fell while lingering COVID-19 controls kept consumers jittery. Shanghai last month reopened after being sealed off for about two months to stamp out a COVID-19 outbreak, helping improve a backlog of goods. However, China is the only major economy still holding fast to a “zero COVID-19” strategy with snap lockdowns and long quarantines, battering business activity and holding back a consumption recovery. Last month, exports rose more than expected at 17.9 percent year-on-year, up from 16.9 percent in May, customs data ....
Recent rate hikes from the Federal Reserve have come at a bad time for Hong Kong which, thanks to its US dollar peg, must follow suit despite its own flagging economy. ....
Singapore Scene: New music from Nathan Hartono, Narelle, Masia One and more straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.