Cisco Systems surprised Wall Street by warning investors that the Shanghai lockdown and the war in Ukraine will eradicate any revenue growth prospects in its current – and final – quarter of 2022. The ... ( read original story ...)
Shanghai announces US$21b relief package for SMEs
Shanghai has announced a 140 billion yuan package to assist SMEs affected by the lockdown. Financial institutions have also lowered interest rates for companies applying for loans. Shanghai will offer ... ( read original story ...)
‘Huge’ pressure for Shanghai to stay free from COVID-19 as end to lockdown looms
Shanghai achieves a fourth consecutive day without any new infections in the community, holding on to its prized 'zero COVID' status and keeping alive hopes for an imminent end to lockdown misery ... ( read original story ...)
Tesla’s Shanghai Gigafactory operates at half capacity as carmaker’s supply chain is yet to recover from impact of lockdown
A strained supply chain is slowing output at Tesla’s Gigafactory 3 in Shanghai, severely affecting the US carmaker’s efforts to get the assembly line operating at full capacity. ( read original story ...)
Zero community transmission in all Shanghai districts
As the pandemic wanes, the first batch of 24 key local projects have been allowed to resume construction, according to Shanghai's housing and construction management commission. They are mainly ... ( read original story ...)
Futures climb as technology and growth stocks rebound
U.S. stock index futures jumped on Tuesday, as strong earnings from Home Depot and United Airlines added to an upbeat global mood driven by hopes of easing crackdown on tech firms and COVID-19 in ... ( read original story ...)
LED firm Brightek cautious about 2Q22
LED packaging specialist Brightek Optoelectronic has expressed caution about its business prospects for the second quarter, when sales are expected to hit bottom for 2022. ( read original story ...)