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Morgan Stanley joined other major investment banks in predicting China will likely ease Covid restrictions and reopen the country by spring next year, providing a possible boost to the economy’s recovery.
The Philippines will shut 175 online casinos that are operating illegally and deport 40,000 Chinese workers, a justice department official said.
(Bloomberg) -- Hurricane Ian is gaining power as it nears Cuba on a path toward Florida, threatening to become the worst storm to hit Tampa in over a century.
China’s shaky recovery continued in September, with a pickup in car and homes sales in the biggest cities compensating for weaker global demand and falling business confidence.
Profits at industrial firms in China shrank in the first eight months of the year as producer prices slowed, adding to economic challenges including Covid disruptions and a continued property slump.
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