COVID-19 Updates
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For better or worse, the pandemic seems slated to fade from our collective memory | Ross Barkan
9/11’s death toll was a fraction of Covid’s, but there will probably be no comparable memorial for the over 40,000 New Yorkers killed by the virus What will we remember…
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Citigroup says big pharma preferred by foreign investors as China reopens, appetite for pre-revenue biotech firms wanes
Big Chinese pharmaceutical firms with a track record of profits will be key beneficiaries of China reopening, with pre-revenue biotechnology companies falling out of favour, Citigroup says. Read the original…
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Coronavirus: there was no better time to reopen China after zero-Covid than this winter, top adviser says
Liang Wannian acknowledges elderly population was harmed but says immunity would have been weaker before or after the December opening. Read the original article at South China Morning Post
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Conservative peer helped land £50m PPE contract for firm linked to fellow Tory
Former party chairman referred SG Recruitment to ‘VIP lane’ after introduction by peer who owned shares in parent company A Conservative peer advising the government during the coronavirus pandemic helped…
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90% of people in China province infected with Covid, says local health official
Data from the health commission for central Henan suggests 88 million people in the province may have had the virus Almost 90% of people in China’s third most populous province…
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Global Impact: China takes down its Covid-19 barriers, Xi Jinping hails a ‘light of hope’
In this edition of the Global Impact newsletter, we look at China officially scraping centralised quarantine and Covid-19 tests on arrival from Sunday. Read the original article at South China…
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Electric cars: Chinese Tesla rivals stand to benefit as budget-cautious consumers opt for cheaper models in 2023
Domestic carmakers like BYD, Li Auto and Leapmotor will become beneficiaries of a ‘consumption downgrade’ as motorists worried about the economy drift down market towards cheaper models, analysts and dealers…
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Coronavirus: demand for frontline staff surges in Hong Kong retail, catering sectors, but employers say workers are scarce
Employers warn that higher salaries have failed to entice people to apply for frontline jobs in the catering and retail sectors. Read the original article at South China Morning Post
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Ministers’ procurement bill a ‘charter for cronies’, says Labour
Opposition plans to put forward amendments to outlaw ‘VIP lanes’ and introduce clawback clauses Ministers have been accused of writing a “charter for cronies” that would legalise its Covid “VIP…
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‘First good news of 2023’: families, friends reunite as Hong Kong-mainland China border reopens after 3 years of coronavirus curbs
Provisional figures show total of 45,558 people crossed border by Sunday evening at four land ports and one ferry terminal, including 33,132 mainland-bound travellers. Read the original article at South…