Exclusive: China may announce 10 new COVID easing steps on Wednesday

Exclusive: China may announce 10 new COVID easing steps on Wednesday

HONG KONG, Dec 5 (Reuters) – China may announce 10 new COVID-19 easing measures as early as Wednesday, two sources with knowledge of the matter told Reuters, supplementing 20 unveiled in November that set off a wave of COVID easing steps nationwide. Three years of zero-tolerance measures, from shuttered borders to frequent lockdowns, have battered … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned … Read more

China readies new COVID rules as investors cheer easing shift

China readies new COVID rules as investors cheer easing shift

New nationwide COVID rules due as soon as Wednesday – sources Shift follows widespread demonstrations last month Yuan firms, global markets rally on China hopes HONG KONG/BEIJING, Dec 5 (Reuters) – China is set to announce the further easing of some of the world’s toughest COVID curbs as early as Wednesday, sources told Reuters, as … Read more

Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Brent gained 0.8% at 0430 GMT, WTI up 0.9% OPEC+ sticks to plans to cut production by 2 mln bpd More Chinese cities relax COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and … Read more

Chinese cities ease curbs but full zero-COVID exit seen some way off

Chinese cities ease curbs but full zero-COVID exit seen some way off

BEIJING, Dec 4 (Reuters) – More Chinese cities including Urumqi in the far west announced an easing of coronavirus curbs on Sunday as China tries to make its zero-COVID policy more targeted and less onerous after unprecedented protests against restrictions last weekend. Urumqi, the capital of the Xinjiang region and where the protests first erupted, … Read more

Amgen says experimental obesity drug has promising durability

Amgen says experimental obesity drug has promising durability

LOS ANGELES, Dec 3 (Reuters) – Amgen Inc’s (AMGN.O) experimental obesity drug demonstrated promising durability trends in an early trial, paving the way for a larger mid-stage study early next year, company officials said ahead of a data presentation on Saturday. The small Phase I trial found that patients maintained their weight loss for 70 … Read more

Beijing, Shenzhen loosen more COVID curbs as China fine-tunes policy

Beijing, Shenzhen loosen more COVID curbs as China fine-tunes policy

SHANGHAI, Dec 3 (Reuters) – Beijing residents on Saturday cheered the removal of COVID-19 testing booths while Shenzhen said it would no longer require commuters to present test results to travel, as an easing of China’s virus curbs gathered pace. Although daily cases are near all-time highs, some cities are taking steps to loosen COVID … Read more

Judge blocks Indiana abortion ban on religious freedom grounds

Judge blocks Indiana abortion ban on religious freedom grounds

Dec 2 (Reuters) – A second Indiana judge on Friday blocked the state from enforcing its law banning most abortions after Jewish, Muslim and other non-Christian women challenged it in a lawsuit. Marion County Superior Court Judge Heather Welch issued a preliminary injunction against the Republican-backed law, which prohibits abortions with limited exceptions for rape, … Read more

Chinese cities ease COVID curbs as virus keeps spreading

Chinese cities ease COVID curbs as virus keeps spreading

BEIJING, Dec 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing off on testing requirements and quarantine rules ahead of an expected shift in virus policies nationwide after widespread social unrest. The uneven relaxation of COVID restrictions is, however, fuelling fear among some residents who suddenly feel more exposed … Read more