Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would dent global economic growth and fuel demand. ( read original story ...)
JB Hunt says Shanghai’s lockdown will spell trouble for US ports
JB Hunt executives told investors that the Shanghai lockdown, combined with labor disputes at US West Coast ports, could create new disruptions for US supply chains in July. ( read original story ...)
Shanghai: Green fences baffle locked down residents
Authorities battling Shanghai's latest Covid outbreak have installed fences to restrict the population's movement. Green barriers have appeared without warning outside buildings where those inside are ... ( read original story ...)
Man punished for driving private car with no special pass
A man has been given an administrative punishment after found to be driving his private car in the streets without a pass, Shanghai police said on Sunday. The man, surnamed Yu, drove past the ... ( read original story ...)
Shanghai’s plan to reboot the supply chain will hit workers the hardest
At least 249 of the 666 companies that the government earmarked for reopening are automotive manufacturers, according to Everstream Analytics, a company that provides supply chain data. China is now ... ( read original story ...)
Alibaba’s Freshippo adds more couriers, still unable to meet Shanghai demand
Alibaba's supermarket chain Freshippo said on Sunday it was adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the ... ( read original story ...)
Shanghai fences up COVID-hit areas, fuelling fresh outcry
Shanghai authorities battling an outbreak of COVID-19 have erected fences outside residential buildings, sparking fresh public outcry over a lockdown that has forced much of the city's 25 million ... ( read original story ...)