China Stats Bureau Expects Economy to Improve in May

BEIJING, May 16 Reuters China39;s statistics bureau on Monday said it expects China39;s economy to improve in May and that a recovery in consumption would quicken. China is steadily pushing forward production resumption in COVIDhit areas, said Fu Linghui, spokesman for the National Bureau of Statistics, adding that China39;s economy would maintain a relatively sound […]
Read More

Poor Workers Bear the Brunt of Indias Heatwave

NOIDA, India, May 16 Reuters For construction worker Yogendra Tundre, life at a building site on the outskirts of the Indian capital New Delhi is hard enough. This year, record high temperatures are making it unbearable. As India grapples with an unprecedented heatwave, the country39;s vast majority of poor workers, who generally work outdoors, are […]
Read More

Chinas Economy Skids as Lockdowns Hit Factories, Retailers

April industrial output unexpectedly falls yy April retail sales falls faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f39;cast BEIJING, May 16 Reuters China39;s retail and factory activity fell sharply in April as wide COVID19 lockdowns confined workers and consumers to their homes and severely disrupted supply […]
Read More

Indian Shares Rise after Five Weeks of Losses

BENGALURU, May 16 Reuters Indian shares jumped on Monday after five consecutive weeks of losses, with Ambuja Cements and unit ACC up as conglomerate Adani Group said it would buy Holcim AG39;s controlling stake in the companies. The NSE Nifty 50 index gained 0.96 to 15,934.40 by 0510 GMT and the SP BSE Sensex advanced 0.85 to […]
Read More