European markets set to drop sharply at the open following U.S. sell-off

LONDON — European stocks are expected to open sharply lower on Thursday following losses stateside Wednesday that saw the Dow Jones Industrial Average notching its first decline of 2022. The U.K.’s FTSE index is seen opening 114 points lower at 7,391, Germany’s DAX down 285 points at 15,986, France’s CAC 40 down 141 points at 7,235 and … Read more

China Evergrande shares halted, set to release ‘inside information’

China Evergrande Centre sign seen on the front of their building. Katherine Cheng | SOPA Images | LightRocket | Getty Images China Evergrande Group shares have been suspended from trading on Monday pending the release of “inside information”, the embattled property developer said without elaborating. Evergrande, the world’s most indebted developer, is struggling to repay … Read more

Pictures of the world ushering in 2022, as omicron weighs on New Year celebrations

From Sydney to Shanghai and Paris to New York, the world ushered in 2022 with New Year celebrations that were largely overshadowed by pandemic concerns — even as uncertainty looms and the omicron variant continues to drive up infections globally. Australia and New Zealand were among the first to ring in the new year, followed … Read more

China’s big challenge for 2022: Getting people to spend money

A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property … Read more

China and Russia show solidarity, but likely won’t support each other militarily, analysts say

Russia’s President Vladimir Putin and China’s President Xi Jinping (L-R on the screen) shake hands during an official ceremony, via teleconference, to launch Russian gas supplies to China via the eastern route. Mikhail Metzel | TASS | Getty Images BEIJING — International pressure may have pushed China and Russia closer together, but not enough for … Read more

China’s Xi reportedly backs Putin in Russia’s bid for security guarantees from the West

Russia’s President Vladimir Putin sits in his office in the Novo-Ogaryovo residence during a bilateral meeting with China’s President Xi Jinping (on the video screen) via a video call. Mikhail Metzel | TASS | Getty Images BEIJING — Chinese President Xi Jinping and Russian President Vladimir Putin held their second dedicated video call of the … Read more

4 charts show what the travel industry looks like 2 years into the Covid pandemic

After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as the emergence of the Covid-19 omicron variant has led some countries to tighten their borders again. Increased vaccination rates, pent-up demand and accumulated savings helped spur demand for global tourism through 2021 as nationwide lockdowns … Read more

Why a Covid booster dose is crucial against the omicron variant

U.S. President Joe Biden receives his coronavirus disease (COVID-19) booster vaccination in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., September 27, 2021. Kevin Lamarque | Reuters As the specter of omicron looms large over the festive season, governments around the world are desperately trying to deploy Covid-19 … Read more

Despite omicron risks, Invesco’s top global strategist lists emerging markets — including China — as top 2022 investment picks

Invesco’s Kristina Hooper sees significant opportunities in regions shunned by a majority of investors. Despite the new omicron wave, she lists emerging markets — including China — as 2022’s top places to put money to work. “We always knew it would take longer for emerging markets to get populations vaccinated. But clearly there is a … Read more

Mainland China reports its first omicron Covid case

Medical worker collects swab from a citizen for the COVID-19 nucleic acid test at Zhenhai District on December 7, 2021 in Ningbo, Zhejiang Province of China. Hu Xuejun | Visual China Group | Getty Images BEIJING — Mainland China reported its first case of the omicron Covid variant on Monday in the city of Tianjin, … Read more